Independent Bank Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Independent Bank stock.
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Wall Street analysts have given Independent Bank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independent Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Independent Bank.

Independent Bank Corp. (NASDAQ:INDB) issued its quarterly earnings data on Wednesday, April, 21st. The bank reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.17. The bank had revenue of $120.83 million for the quarter, compared to analysts' expectations of $115.38 million. Independent Bank had a net margin of 26.98% and a trailing twelve-month return on equity of 8.06%.
View Independent Bank's earnings history.

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, INDB stock has increased by 32.9% and is now trading at $78.88.
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Independent Bank declared a quarterly dividend on Friday, March 19th. Stockholders of record on Monday, March 29th will be paid a dividend of $0.48 per share on Friday, April 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, March 26th. This is a positive change from Independent Bank's previous quarterly dividend of $0.46.
View Independent Bank's dividend history.

Independent Bank pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.41%. Independent Bank has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Independent Bank is 52.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 40.08% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

4 brokers have issued 1-year target prices for Independent Bank's stock. Their forecasts range from $70.00 to $94.00. On average, they anticipate Independent Bank's stock price to reach $84.67 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Some companies that are related to Independent Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), First Horizon (FHN), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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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."

Independent Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.80%), Victory Capital Management Inc. (4.19%), Champlain Investment Partners LLC (3.92%), Dimensional Fund Advisors LP (3.16%), Goldman Sachs Group Inc. (2.65%) and Price T Rowe Associates Inc. MD (2.10%). Company insiders that own Independent Bank stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone, Thomas R Venables and William M Parent.
View institutional ownership trends for Independent Bank.

INDB stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Janus Henderson Group PLC, New York State Common Retirement Fund, Heartland Advisors Inc., Bank of New York Mellon Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Dimensional Fund Advisors LP, and Palisade Capital Management LLC NJ. Company insiders that have sold Independent Bank company stock in the last year include Daniel F Obrien, 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.

INDB stock was purchased by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Morgan Stanley, Geode Capital Management LLC, Eaton Vance Management, Cubist Systematic Strategies LLC, Richard Bernstein Advisors LLC, JPMorgan Chase & Co., and NFJ Investment Group LLC.
View insider buying and selling activity for Independent Bank or or view top insider-buying stocks.

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.
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One share of INDB stock can currently be purchased for approximately $78.88.

Independent Bank has a market capitalization of $2.61 billion and generates $513.51 million in revenue each year. The bank earns $121.17 million in net income (profit) each year or $3.66 on an earnings per share basis.

Independent Bank employs 1,432 workers across the globe.

The official website for Independent Bank is www.rocklandtrust.com.

Independent Bank is headquartered at 2036 WASHINGTON STREET, HANOVER MA, 02370.

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]