NASDAQ:INDB Independent Bank - INDB Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $65.22 -0.11 (-0.17%) (As of 03/31/2023 02:46 PM ET) Add Compare Share Share Today's Range$65.00▼$66.2750-Day Range$65.28▼$82.7452-Week Range$63.72▼$91.65Volume64,228 shsAverage Volume271,952 shsMarket Capitalization$2.94 billionP/E Ratio11.44Dividend Yield3.37%Price Target$90.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Independent Bank MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside39.2% Upside$90.67 Price TargetShort InterestBearish2.86% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.39Based on 4 Articles This WeekInsider TradingSelling Shares$93,360 Sold Last QuarterProj. Earnings Growth0.81%From $6.15 to $6.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.71 out of 5 starsFinance Sector290th out of 891 stocksState Commercial Banks Industry86th out of 187 stocks 3.0 Analyst's Opinion Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $90.67, Independent Bank has a forecasted upside of 39.2% from its current price of $65.13.Amount of Analyst CoverageIndependent Bank has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.86% of the outstanding shares of Independent Bank have been sold short.Short Interest Ratio / Days to CoverIndependent Bank has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Independent Bank has recently increased by 7.50%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldIndependent Bank pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependent Bank has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 38.60%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank will have a dividend payout ratio of 35.48% next year. This indicates that Independent Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INDB. Previous Next 3.0 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Independent Bank this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $93,360.00 in company stock.Percentage Held by InsidersOnly 1.02% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions81.28% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to grow by 0.81% in the coming year, from $6.15 to $6.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 11.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 11.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 135.83.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Independent Bank (NASDAQ:INDB) StockIndependent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in the sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties, residential mortgages that are secured primarily by owner-occupied residences, and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.Read More Receive INDB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address INDB Stock News HeadlinesMarch 22, 2023 | americanbankingnews.comIndependent Bank Corp. (INDB) To Go Ex-Dividend on March 24thMarch 19, 2023 | seekingalpha.comIndependent Bank declares $0.55 dividendMarch 31, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 15, 2023 | msn.comLeveraging the power of an independent boardMarch 1, 2023 | marketwatch.comIndependent Bank to Pay $100M to Settle Stanford Ponzi LitigationFebruary 22, 2023 | finance.yahoo.comIndependent Bank Corp. (INDB)February 19, 2023 | finance.yahoo.comWith 85% ownership of the shares, Independent Bank Corp. (NASDAQ:INDB) is heavily dominated by institutional ownersFebruary 6, 2023 | finance.yahoo.comIndependent Bank Corp. COO Robert D. Cozzone and CFO Mark J. Ruggiero to Participate in the 2023 KBW Winter Financial Services ConferenceMarch 31, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...January 24, 2023 | finance.yahoo.comRockland Trust’s Investment Management Group Announces a Record Year with $5.8 Billion in Assets Under AdministrationJanuary 23, 2023 | finance.yahoo.comHere's Why We Think Independent Bank (NASDAQ:INDB) Is Well Worth WatchingJanuary 19, 2023 | msn.comIndependent Bank Non-GAAP EPS of $1.69 beats by $0.04, revenue of $200.07M beats by $2.96MJanuary 19, 2023 | finance.yahoo.comIndependent Bank Corp. Reports Fourth Quarter Net Income of $77.0 MillionJanuary 19, 2023 | finance.yahoo.comIndependent Bank Corp. (INDB) Q4 Earnings and Revenues Beat EstimatesJanuary 12, 2023 | finance.yahoo.comWhy Independent Bank Corp. (INDB) is Poised to Beat Earnings Estimates AgainJanuary 9, 2023 | finance.yahoo.comRockland Trust Company and Independent Bank Corp. Appoint Jeffrey J. Tengel as Chief Executive OfficerJanuary 9, 2023 | finance.yahoo.comRockland Trust CEO to step down, with ex-People's exec to replace himDecember 22, 2022 | seekingalpha.comIndependent Bank: Lagged Margin Expansion Is The Biggest Earnings CatalystDecember 20, 2022 | benzinga.comIndependent Bank: Dividend InsightsDecember 12, 2022 | finance.yahoo.comAll You Need to Know About Independent Bank Corp. (INDB) Rating Upgrade to Strong BuyDecember 8, 2022 | finance.yahoo.comIndependent Bank Corp. Announces an 8% Increase in the Quarterly DividendNovember 29, 2022 | finance.yahoo.comRockland Trust Announces $150,000 in Donations to Local Community Development CorporationsNovember 18, 2022 | finance.yahoo.comShould You Buy Independent Bank Corp. (INDB) After Golden Cross?October 27, 2022 | finance.yahoo.comHere's Why Independent Bank Corp. (INDB) is a Great Momentum Stock to BuyOctober 26, 2022 | finance.yahoo.comWill Independent Bank Corp. (INDB) Gain on Rising Earnings Estimates?October 25, 2022 | finance.yahoo.comHere is Why Growth Investors Should Buy Independent Bank Corp. (INDB) NowOctober 21, 2022 | seekingalpha.comIndependent Bank Corp. (INDB) Q3 2022 Earnings Call TranscriptSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive INDB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address INDB Company Calendar Last Earnings10/20/2021Ex-Dividend for 1/6 Dividend12/23/2022Dividend Payable1/06/2023Ex-Dividend for 4/6 Dividend3/24/2023Today3/31/2023Dividend Payable4/06/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:INDB CUSIP45383610 CIK776901 Webwww.rocklandtrust.com Phone(781) 878-6100Fax781-982-6130Employees1,739Year Founded1864Price Target and Rating Average Stock Price Forecast$90.67 High Stock Price Forecast$100.00 Low Stock Price Forecast$72.00 Forecasted Upside/Downside+38.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.70 Trailing P/E Ratio11.46 Forward P/E Ratio10.62 P/E GrowthN/ANet Income$263.81 million Net Margins34.83% Pretax Margin45.91% Return on Equity9.32% Return on Assets1.36% Debt Debt-to-Equity Ratio0.04 Current Ratio0.89 Quick Ratio0.89 Sales & Book Value Annual Sales$757.51 million Price / Sales3.89 Cash Flow$6.54 per share Price / Cash Flow9.99 Book Value$63.25 per share Price / Book1.03Miscellaneous Outstanding Shares45,060,000Free Float44,605,000Market Cap$2.94 billion OptionableOptionable Beta0.83 Social Links Key ExecutivesJeffrey J. TengelChief Executive Officer & DirectorGerard F. NadeauPresident & DirectorRobert D. CozzoneChief Operating Officer & Executive Vice PresidentMark J. RuggieroChief Financial & Accounting OfficerBarry H. JensenChief Technology OfficerKey CompetitorsFirst Interstate BancSystemNASDAQ:FIBKUnited Community BanksNASDAQ:UCBIInternational BancsharesNASDAQ:IBOCAmeris BancorpNASDAQ:ABCBCathay General BancorpNASDAQ:CATYView All CompetitorsInsiders & InstitutionsAcrisure Capital Management LLCBought 9,594 shares on 3/28/2023Ownership: 0.021%Rockefeller Capital Management L.P.Sold 1,682 shares on 3/6/2023Ownership: 0.002%Teachers Retirement System of The State of KentuckySold 507 shares on 2/22/2023Ownership: 0.031%Macquarie Group Ltd.Bought 20,507 shares on 2/21/2023Ownership: 1.743%Truist Financial CorpBought 382 shares on 2/17/2023Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions INDB Stock - Frequently Asked Questions Should I buy or sell Independent Bank stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 2 hold ratings 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. What is Independent Bank's stock price forecast for 2023? 2 brokers have issued twelve-month price objectives for Independent Bank's stock. Their INDB share price forecasts range from $72.00 to $100.00. On average, they predict the company's stock price to reach $90.67 in the next year. This suggests a possible upside of 38.8% from the stock's current price. View analysts price targets for INDB or view top-rated stocks among Wall Street analysts. How have INDB shares performed in 2023? Independent Bank's stock was trading at $84.43 on January 1st, 2023. Since then, INDB stock has decreased by 22.6% and is now trading at $65.33. View the best growth stocks for 2023 here. When is Independent Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023. View our INDB earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Corp. (NASDAQ:INDB) released its quarterly earnings data on Wednesday, October, 20th. The bank reported $1.21 EPS for the quarter, topping analysts' consensus estimates 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 trailing twelve-month return on equity of 9.32% and a net margin of 34.83%. During the same quarter last year, the company earned $1.07 earnings per share. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank declared a quarterly dividend on Thursday, March 16th. Stockholders of record on Monday, March 27th will be paid a dividend of $0.55 per share on Thursday, April 6th. This represents a $2.20 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, March 24th. Read our dividend analysis for INDB. What ETFs hold Independent Bank's stock? ETFs with the largest weight of Independent Bank (NASDAQ:INDB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and SPDR S&P SmallCap 600 ESG ETF (ESIX). Is Independent Bank a good dividend stock? Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.27%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 35.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for INDB. 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 variety of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.78%), Victory Capital Management Inc. (3.82%), Dimensional Fund Advisors LP (3.45%), Silvercrest Asset Management Group LLC (3.20%), T. Rowe Price Investment Management Inc. (2.93%) and Morgan Stanley (2.11%). Insiders that own company stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Eileen C Miskell, Gerard F Nadeau, Robert D Cozzone, Robert D Cozzone and Scott Smith. View institutional ownership trends. How do I buy shares of Independent Bank? 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. Compare Top Brokerages Here. What is Independent Bank's stock price today? One share of INDB stock can currently be purchased for approximately $65.33. How much money does Independent Bank make? Independent Bank (NASDAQ:INDB) has a market capitalization of $2.94 billion and generates $757.51 million in revenue each year. The bank earns $263.81 million in net income (profit) each year or $5.70 on an earnings per share basis. How many employees does Independent Bank have? The company employs 1,739 workers across the globe. How can I contact Independent Bank? 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. This page (NASDAQ:INDB) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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