Independent Bank Stock Forecast, Price & News

Independent Bank (NASDAQ:INDB) Frequently Asked Questions

Is Independent Bank a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Independent Bank stock.
View analyst ratings for Independent Bank or view top-rated stocks.

How has Independent Bank's stock price been impacted by COVID-19?

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, INDB shares have increased by 34.6% and is now trading at $79.87.
View which stocks have been most impacted by COVID-19.

Are investors shorting Independent Bank?

Independent Bank saw a increase in short interest in the month of October. As of October 29th, there was short interest totaling 2,160,000 shares, an increase of 23.4% from the October 14th total of 1,750,000 shares. Based on an average trading volume of 184,600 shares, the short-interest ratio is currently 11.7 days.
View Independent Bank's Short Interest.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, January 20th 2022.
View our earnings forecast for Independent Bank.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) issued its quarterly earnings data on Wednesday, October, 20th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.02 by $0.19. The bank had revenue of $116.55 million for the quarter, compared to the consensus estimate of $117.97 million. Independent Bank had a net margin of 31.40% and a trailing twelve-month return on equity of 9.06%. During the same period in the previous year, the firm posted $1.07 EPS.
View Independent Bank's earnings history.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank announced a quarterly dividend on Saturday, September 18th. Shareholders of record on Monday, September 27th will be paid a dividend of $0.48 per share on Friday, October 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, September 24th.
View Independent Bank's dividend history.

Is Independent Bank a good dividend stock?

Independent Bank pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.35%. Independent Bank has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Independent Bank is 41.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 40.94% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

What price target have analysts set for INDB?

2 brokerages have issued 1-year price objectives for Independent Bank's stock. Their forecasts range from $88.00 to $94.00. On average, they anticipate Independent Bank's stock price to reach $91.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
View analysts' price targets for Independent Bank or view top-rated stocks among Wall Street analysts.

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:

• Christopher Oddleifson, President, Chief Executive Officer & Director
• Robert D. Cozzone, Chief Operating Officer & Executive Vice President (LinkedIn Profile)
• Mark J. Ruggiero, Chief Financial & Accounting Officer
• Barry H. Jensen, Chief Technology Officer
• Edward H. Seksay, Chief Risk Officer, Executive VP & General Counsel (LinkedIn Profile)

Who are some of Independent Bank's key competitors?

Some companies that are related to Independent Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Commerce Bancshares (CBSH).
View all of INDB's competitors.

What other stocks do shareholders of Independent Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), AT&T (T), Cornerstone Strategic Value Fund (CLM), NGL Energy Partners (NGL), Owens Corning (OC) and Pfizer (PFE).

What is Independent Bank's stock symbol?

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

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.75%), Victory Capital Management Inc. (5.68%), Macquarie Group Ltd. (2.27%), Goldman Sachs Group Inc. (2.11%), Rockland Trust Co. (1.94%) and Geode Capital Management LLC (1.77%). Company insiders that own Independent Bank stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Robert D Cozzone, Robert D Cozzone and Thomas R Venables.
View institutional ownership trends for Independent Bank.

Which major investors are selling Independent Bank stock?

INDB stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Citadel Advisors LLC, Renaissance Technologies LLC, Cubist Systematic Strategies LLC, UBS Group AG, Citigroup Inc., Squarepoint Ops LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have sold Independent Bank company stock in the last year include Edward H Seksay, Eileen C Miskell, and Robert D Cozzone.
View insider buying and selling activity for Independent Bank or view top insider-selling stocks.

Which major investors are buying Independent Bank stock?

INDB stock was bought by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, American Century Companies Inc., Morgan Stanley, Victory Capital Management Inc., Bank of New York Mellon Corp, Eaton Vance Management, Moody Aldrich Partners LLC, and SG Americas Securities LLC.
View insider buying and selling activity for Independent Bank or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $79.87.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $2.64 billion and generates $513.51 million in revenue each year. The bank earns $121.17 million in net income (profit) each year or $4.66 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 1,432 workers across the globe.

When was Independent Bank founded?

Independent Bank was founded in 1864.

What is Independent Bank's official website?

The official website for Independent Bank is www.rocklandtrust.com.

Where are Independent Bank's headquarters?

Independent Bank is headquartered at 2036 WASHINGTON STREET, HANOVER MA, 02370.

How can I contact Independent Bank?

Independent Bank's mailing address is 2036 WASHINGTON STREET, HANOVER MA, 02370. The bank can be reached via phone at (781) 878-6100, via email at [email protected], or via fax at 781-982-6130.