NASDAQ:INDB - Independent Bank Stock Price, Price Target & More

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

Independent Bank declared a quarterly dividend on Friday, March 16th. Investors of record on Monday, March 26th will be paid a dividend of $0.38 per share on Friday, April 6th. This represents a $1.52 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, March 23rd. This is an increase from Independent Bank's previous quarterly dividend of $0.32. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) released its quarterly earnings results on Thursday, April, 19th. The bank reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by $0.03. The bank had revenue of $88.33 million for the quarter. Independent Bank had a net margin of 25.38% and a return on equity of 10.49%. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, July, 19th 2018. View Earnings Estimates for Independent Bank.

3 analysts have issued 12 month price targets for Independent Bank's shares. Their predictions range from $73.00 to $80.00. On average, they anticipate Independent Bank's share price to reach $76.3333 in the next twelve months. View Analyst Ratings for Independent Bank.

Some companies that are related to Independent Bank include Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Texas Capital Bancshares (TCBI), Associated Banc (ASB), Popular (BPOP), Iberiabank (IBKC), Hancock (HBHC), Chemical Financial (CHFC), First Hawaiian Bank (FHB) and Investors Bank (ISBC).

News articles about INDB stock have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Independent Bank earned a media sentiment score of 0.20 on Accern's scale. They also assigned news stories about the bank an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Independent Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.03%), Silvercrest Asset Management Group LLC (5.79%), The Manufacturers Life Insurance Company (2.97%), Northern Trust Corp (2.78%), Champlain Investment Partners LLC (2.48%) and Wasatch Advisors Inc. (2.08%). Company insiders that own Independent Bank stock include Barry H Jensen, 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, Maurice H Sullivan Jr, 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 Citadel Advisors LLC, BNP Paribas Arbitrage SA, Opus Capital Group LLC, Hennessy Advisors Inc., Denver Investment Advisors LLC, JPMorgan Chase & Co., American International Group Inc. and Teacher Retirement System of Texas. Company insiders that have sold Independent Bank company stock in the last year include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Insider Buying and Selling for Independent Bank.

INDB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., The Manufacturers Life Insurance Company, WBI Investments Inc., Wasatch Advisors Inc., Champlain Investment Partners LLC, Silvercrest Asset Management Group LLC, GSA Capital Partners LLP and Principal Financial Group 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, Scottrade, Fidelity and Charles Schwab.

One share of INDB stock can currently be purchased for approximately $80.90.

Independent Bank has a market capitalization of $2.21 billion and generates $360.19 million in revenue each year. The bank earns $87.20 million in net income (profit) each year or $3.35 on an earnings per share basis. Independent Bank employs 1,108 workers across the globe.

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]