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

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

Independent Bank announced a quarterly dividend on Friday, June 22nd. Shareholders of record on Monday, July 2nd will be paid a dividend of $0.38 per share on Tuesday, July 10th. This represents a $1.52 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, June 29th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) issued its quarterly earnings results on Thursday, April, 19th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.03 by $0.03. The bank earned $88.33 million during the quarter. Independent Bank had a return on equity of 10.49% and a net margin of 25.38%. 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 twelve-month target prices for Independent Bank's stock. Their predictions range from $73.00 to $80.00. On average, they expect Independent Bank's stock price to reach $76.3333 in the next year. View Analyst Ratings for Independent Bank.

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

Headlines about INDB stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independent Bank earned a media sentiment score of 0.16 on Accern's scale. They also gave media coverage about the bank an impact score of 45.40 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Independent Bank's stock is owned by a number of 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 $82.20.

Independent Bank has a market capitalization of $2.26 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]