NASDAQ:INDB - Independent Bank Stock Price, Forecast & News

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

Independent Bank declared a quarterly dividend on Monday, December 16th. Investors of record on Monday, December 30th will be paid a dividend of $0.44 per share on Friday, January 10th. This represents a $1.76 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, December 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) announced its quarterly earnings data on Thursday, January, 16th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by $0.02. The bank earned $133.29 million during the quarter, compared to analysts' expectations of $131.07 million. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for Independent Bank.

5 Wall Street analysts have issued 1 year price targets for Independent Bank's shares. Their forecasts range from $81.00 to $98.00. On average, they anticipate Independent Bank's stock price to reach $87.33 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Independent Bank.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank.

Media headlines about INDB stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independent Bank earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Independent Bank.

Independent Bank saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 862,400 shares, an increase of 13.0% from the December 31st total of 763,000 shares. Based on an average trading volume of 124,500 shares, the short-interest ratio is currently 6.9 days. Currently, 2.6% of the company's stock are short sold. View Independent Bank's Current Options Chain.

Some companies that are related to Independent Bank include SunTrust Banks (STI), Fifth Third Bancorp (FITB), First Republic Bank (FRC), Commerce Bancshares (CBSH), East West Bancorp (EWBC), TCF Financial (TCF), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), First Citizens BancShares (FCNCA), Popular (BPOP), First Horizon National (FHN), First Financial Bankshares (FFIN), CIT Group (CIT), F.N.B. (FNB) and Bank of Hawaii (BOH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer LP Unit (ET), Martin Midstream Partners (MMLP), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), AT&T (T), Cornerstone Total Return Fund (CRF), THL Credit (TCRD), NGL Energy Partners (NGL), Owens Corning (OC) and Pfizer (PFE).

Independent Bank's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (3.56%), State Street Corp (3.40%), Goldman Sachs Group Inc. (3.08%), Victory Capital Management Inc. (2.98%), Victory Capital Management Inc. (2.87%) and Rockland Trust Co. (2.07%). Company insiders that own Independent Bank stock include 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, 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 FMR LLC, Bank of America Corp DE, Arizona State Retirement System, Principal Financial Group Inc., Goldman Sachs Group Inc., Citigroup Inc., First Trust Advisors LP and Pinebridge Investments L.P.. Company insiders that have sold Independent Bank company stock in the last year include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Robert D Cozzone, Thomas R Venables and William M Parent. View Insider Buying and Selling for Independent Bank.

INDB stock was acquired by a variety of institutional investors in the last quarter, including Moors & Cabot Inc., Victory Capital Management Inc., Eaton Vance Management, Victory Capital Management Inc., Champlain Investment Partners LLC, California Public Employees Retirement System, State Street Corp and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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, Robinhood, Fidelity and Charles Schwab.

One share of INDB stock can currently be purchased for approximately $76.86.