Independent Bank Stock Price, News & Analysis (NASDAQ:INDB)

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

Independent Bank declared a quarterly dividend on Thursday, September 19th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.44 per share on Friday, October 11th. This represents a $1.76 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, September 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) issued its earnings results on Thursday, October, 18th. The bank reported $1.14 EPS for the quarter, missing the consensus estimate of $1.20 by $0.06. The bank earned $99.50 million during the quarter, compared to analysts' expectations of $99.40 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 brokerages have issued 1-year price objectives for Independent Bank's stock. Their predictions range from $81.00 to $83.00. On average, they expect Independent Bank's share price to reach $82.00 in the next year. This suggests a possible upside of 9.0% 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.

News stories about INDB stock have been trending very negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -3.1 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Independent Bank.

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

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 number of of retail and institutional investors. Top institutional investors include Rockland Trust Co. (2.03%), Hennessy Advisors Inc. (0.22%), State of Alaska Department of Revenue (0.08%) and Envestnet Asset Management Inc. (0.03%). 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, Thomas R Venables and William M Parent. View Institutional Ownership Trends for Independent Bank.

INDB stock was purchased by a variety of institutional investors in the last quarter, including Rockland Trust Co., State of Alaska Department of Revenue, Hennessy Advisors Inc. and Envestnet Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

One share of INDB stock can currently be purchased for approximately $75.23.

Independent Bank has a market capitalization of $2.59 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]