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

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$82.35 +0.60 (+0.73 %)
(As of 06/20/2018 04:00 PM ET)
Previous Close$82.35
Today's Range$81.80 - $82.65
52-Week Range$62.70 - $83.50
Volume65,081 shs
Average Volume77,736 shs
Market Capitalization$2.23 billion
P/E Ratio24.58
Dividend Yield1.88%
Beta0.9
Independent Bank logoIndependent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company's products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. Its loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans. The company's commercial and industrial loans cover loans for working capital, other business-related purposes, and floor plan financing; asset-based loans consist primarily of revolving lines of credit and term loans; commercial real estate loans include commercial mortgages for construction purposes that are secured by nonresidential properties, multifamily properties, or one-to-four family rental properties; and small business loans comprise businesses with commercial credit needs. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance. The company operates through 84 full service and 2 limited service retail branches, 13 commercial banking centers, 6 investment management offices, and 1 mortgage lending center in Eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:INDB
CUSIP45383610
Phone781-878-6100

Debt

Debt-to-Equity Ratio0.17
Current Ratio0.94
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio24.58
Forward P/E Ratio18.59
P/E GrowthN/A

Sales & Book Value

Annual Sales$360.19 million
Price / Sales6.29
Cash Flow$3.9840 per share
Price / Cash20.67
Book Value$34.39 per share
Price / Book2.39

Profitability

EPS (Most Recent Fiscal Year)$3.35
Net Income$87.20 million
Net Margins25.38%
Return on Equity10.49%
Return on Assets1.22%

Miscellaneous

Employees1,108
Outstanding Shares27,520,000

Independent Bank (NASDAQ:INDB) Frequently Asked Questions

What is Independent Bank's stock symbol?

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

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank declared a quarterly dividend on Friday, March 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, March 23rd. This is a positive change from Independent Bank's previous quarterly dividend of $0.32. View Independent Bank's Dividend History.

How were Independent Bank's earnings last quarter?

Independent Bank Corp (NASDAQ:INDB) released its quarterly earnings data on Thursday, April, 19th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate 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.

When is Independent Bank's next earnings date?

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

What price target have analysts set for INDB?

3 brokers have issued 1 year price objectives for Independent Bank's shares. Their forecasts range from $73.00 to $80.00. On average, they anticipate Independent Bank's stock price to reach $76.3333 in the next twelve months. View Analyst Ratings for Independent Bank.

Who are some of Independent Bank's key competitors?

Who are Independent Bank's key executives?

Independent Bank's management team includes the folowing people:
  • Mr. Christopher Oddleifson, CEO, Pres & Director (Age 59)
  • Mr. Robert D. Cozzone, Exec. VP of Consumer & Bus. Banking & CFO (Age 47)
  • Mr. Barry H. Jensen, Chief Information Officer & Sr. VP (Age 53)
  • Mr. Edward H. Seksay, Gen. Counsel & Corp. Sec. (Age 60)
  • Ms. Pamela Lolley Frey, EVP of Consumer & Bus. Banking and EVP of Consumer & Bus. Banking - Rockland Trust Company

Has Independent Bank been receiving favorable news coverage?

Media headlines about INDB stock have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 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 0.04 on Accern's scale. They also gave news headlines about the bank an impact score of 44.89 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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.

Which major investors are selling Independent Bank stock?

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.

Which major investors are buying Independent Bank stock?

INDB stock was bought 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $82.35.

How big of a company is Independent Bank?

Independent Bank has a market capitalization of $2.23 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.

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 or via email at [email protected]


MarketBeat Community Rating for Independent Bank (INDB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  249 (Vote Outperform)
Underperform Votes:  373 (Vote Underperform)
Total Votes:  622
MarketBeat's community ratings are surveys of what our community members think about Independent Bank and other stocks. Vote "Outperform" if you believe INDB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INDB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/20/2018 by MarketBeat.com Staff

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