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NASDAQ:INDB

Independent Bank Stock Forecast, Price & News

$83.48
+3.62 (+4.53%)
(As of 01/21/2022 12:00 AM ET)
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Compare
Today's Range
$75.07
$84.62
50-Day Range
$77.29
$88.27
52-Week Range
$68.14
$99.85
Volume
328,867 shs
Average Volume
188,617 shs
Market Capitalization
$2.76 billion
P/E Ratio
17.91
Dividend Yield
2.40%
Beta
0.96
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank logo

About Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in 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.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:INDB
CUSIP
45383610
Employees
1,432
Year Founded
1864

Sales & Book Value

Annual Sales
$513.51 million
Cash Flow
$4.44 per share
Book Value
$51.65 per share

Profitability

Net Income
$121.17 million
Pretax Margin
41.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
32,647,000
Market Cap
$2.76 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 1/7 Dividend
12/23/2021
Dividend Payable
1/07/2022
Last Earnings
1/20/2022
Today
1/21/2022
Next Earnings (Estimated)
4/28/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.43 out of 5 stars

Finance Sector

217th out of 1,353 stocks

State Commercial Banks Industry

31st out of 234 stocks

Analyst Opinion: 1.0Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Independent Bank (NASDAQ:INDB) Frequently Asked Questions

Is Independent Bank a buy right now?

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

How has Independent Bank's stock price been impacted by Coronavirus?

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, INDB stock has increased by 40.6% and is now trading at $83.48.
View which stocks have been most impacted by COVID-19
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, April 28th 2022.
View our earnings forecast for Independent Bank
.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) issued its earnings results on Thursday, January, 20th. The bank reported $1.63 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.53. Independent Bank had a net margin of 31.40% and a trailing twelve-month return on equity of 9.06%. During the same period last year, the business earned $1.05 earnings per share.
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 Thursday, December 9th. Investors of record on Monday, December 27th will be given a dividend of $0.48 per share on Friday, January 7th. This represents a $1.92 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, December 23rd.
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 2.40%. Independent Bank 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 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?

1 equities research analysts have issued 1 year price objectives for Independent Bank's stock. Their forecasts range from $88.00 to $88.00. On average, they anticipate Independent Bank's stock price to reach $88.00 in the next twelve months. This suggests a possible upside of 5.4% 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)

What other stocks do shareholders of Independent Bank own?

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 retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (1.07%), Aries Wealth Management (0.48%), State of Alaska Department of Revenue (0.10%), Louisiana State Employees Retirement System (0.07%), Russell Investments Group Ltd. (0.02%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own Independent Bank stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Robert D Cozzone and Robert D Cozzone.
View institutional ownership trends for Independent Bank
.

Which institutional investors are selling Independent Bank stock?

INDB stock was sold by a variety of institutional investors in the last quarter, including Boston Trust Walden 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 institutional investors are buying Independent Bank stock?

INDB stock was acquired by a variety of institutional investors in the last quarter, including Aries Wealth Management, State of Alaska Department of Revenue, Russell Investments Group Ltd., Louisiana State Employees Retirement System, Beese Fulmer Investment Management Inc., Crossmark Global Holdings Inc., Baystate Wealth Management LLC, and Parallel Advisors 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.
Compare Top Brokerages Here.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $83.48.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $2.76 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.


This page was last updated on 1/21/2022 by MarketBeat.com Staff

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