NASDAQ:INDB - Independent Bank Stock Price, News & Analysis

Independent Bank trades on the NASDAQ under the ticker symbol "INDB."

Independent Bank announced a quarterly dividend on Thursday, June 20th. Shareholders of record on Monday, July 1st will be given a dividend of $0.44 per share on Friday, July 12th. This represents a $1.76 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, June 28th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) released its quarterly earnings data on Thursday, July, 18th. The bank reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The bank had revenue of $134.67 million for the quarter, compared to analyst estimates of $129.20 million. Independent Bank had a return on equity of 12.99% and a net margin of 26.75%. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Independent Bank.

3 equities research analysts have issued twelve-month price targets for Independent Bank's shares. Their forecasts range from $81.00 to $83.00. On average, they anticipate Independent Bank's share price to reach $82.00 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Independent Bank.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independent Bank.

Media coverage about INDB stock has trended positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for Independent Bank.

Independent Bank saw a decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,115,700 shares, a decline of 10.7% from the June 15th total of 1,249,100 shares. Based on an average daily trading volume, of 116,800 shares, the days-to-cover ratio is presently 9.6 days. Currently, 4.1% of the shares of the company are sold short. View Independent Bank's Current Options Chain.

Some companies that are related to Independent Bank include Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), Glacier Bancorp (GBCI), First Hawaiian (FHB), Bank of Hawaii (BOH) and Bank Ozk (OZK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Government Properties Income Trust (GOV) and THL Credit (TCRD).

Independent Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.52%), Vanguard Group Inc. (10.18%), Silvercrest Asset Management Group LLC (4.53%), Price T Rowe Associates Inc. MD (2.52%), Northern Trust Corp (2.45%) and Victory Capital Management Inc. (2.07%). Company insiders that own Independent Bank stock include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Institutional Ownership Trends for Independent Bank.

INDB stock was sold by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, BTIM Corp., Rockland Trust Co., Bank of America Corp DE, Victory Capital Management Inc., BNP Paribas Arbitrage SA, First Trust Advisors LP and Silvercrest Asset Management Group LLC. Company insiders that have sold Independent Bank company stock in the last year include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero and Robert D Cozzone. View Insider Buying and Selling for Independent Bank.

INDB stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Morgan Stanley, Northern Trust Corp, Renaissance Technologies LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Independent Bank.

Shares of INDB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of INDB stock can currently be purchased for approximately $69.70.

Independent Bank has a market capitalization of $2.40 billion and generates $412.21 million in revenue each year. The bank earns $121.62 million in net income (profit) each year or $4.69 on an earnings per share basis. Independent Bank employs 1,188 workers across the globe.View Additional Information About Independent Bank.

The official website for Independent Bank is http://www.rocklandtrust.com/.

Independent Bank's mailing address is 2036 Washington Street, Hanover MA, 02370. The bank can be reached via phone at 781-878-6100 or via email at [email protected]