Independent Bank - INDB Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" INDB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INDB, but not buy additional shares or sell existing shares.
View INDB analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year target prices for Independent Bank's shares. Their INDB share price forecasts range from $88.00 to $107.00. On average, they anticipate the company's stock price to reach $97.50 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for INDB or view top-rated stocks among Wall Street analysts.

Independent Bank's stock was trading at $81.53 at the beginning of 2022. Since then, INDB stock has decreased by 6.5% and is now trading at $76.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our INDB earnings forecast.

Independent Bank Corp. (NASDAQ:INDB) issued its earnings results on Thursday, July, 21st. The bank reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.06. The bank earned $172.76 million during the quarter, compared to the consensus estimate of $168.60 million. Independent Bank had a trailing twelve-month return on equity of 8.56% and a net margin of 25.36%. During the same period in the previous year, the business posted $1.17 EPS.

Independent Bank announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Monday, September 26th will be given a dividend of $0.51 per share on Friday, October 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, September 23rd.
Read our dividend analysis for INDB.

Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.67%. The company 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 is 55.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 34.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INDB.

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).

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

Shares of INDB stock 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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One share of INDB stock can currently be purchased for approximately $76.20.

Independent Bank (NASDAQ:INDB) has a market capitalization of $3.56 billion and generates $521.13 million in revenue each year. The bank earns $120.99 million in net income (profit) each year or $3.69 on an earnings per share basis.

The company employs 1,691 workers across the globe.

Independent Bank's mailing address is 2036 WASHINGTON STREET, HANOVER MA, 02370. The official website for the company is www.rocklandtrust.com. The bank can be reached via phone at (781) 878-6100, via email at meagan.silva@rocklandtrust.com, or via fax at 781-982-6130.