Independent Bank (INDB) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INDB shares. 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.
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2 Wall Street analysts have issued twelve-month price objectives for Independent Bank's shares. Their INDB share price targets range from $64.00 to $64.00. On average, they expect the company's share price to reach $64.00 in the next twelve months. This suggests a possible upside of 29.4% from the stock's current price.
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Independent Bank's stock was trading at $65.81 at the beginning of 2024. Since then, INDB stock has decreased by 24.9% and is now trading at $49.45.
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Independent Bank saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 721,200 shares, a drop of 10.8% from the March 15th total of 808,100 shares. Based on an average daily trading volume, of 295,800 shares, the days-to-cover ratio is presently 2.4 days.
View Independent Bank's Short Interest.

Independent Bank will be holding an earnings conference call on Friday, April 19th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "5035315".

Independent Bank Corp. (NASDAQ:INDB) announced its quarterly earnings data on Wednesday, October, 20th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.19. The bank earned $116.55 million during the quarter, compared to analysts' expectations of $117.97 million. Independent Bank had a trailing twelve-month return on equity of 8.35% and a net margin of 26.02%. During the same quarter in the previous year, the company posted $1.07 earnings per share.

Independent Bank announced a quarterly dividend on Thursday, March 21st. Investors of record on Monday, April 1st will be given a dividend of $0.57 per share on Friday, April 5th. This represents a $2.28 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for INDB.

Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.28 per share and currently has a dividend yield of 4.70%. INDB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 47.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INDB.

ETFs with the largest weight of Independent Bank (NASDAQ:INDB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust Mid Cap Value AlphaDEX Fund (FNK), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), First Trust Nasdaq Bank ETF (FTXO), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and First Trust Mid Cap Core AlphaDEX Fund (FNX).

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's stock is owned by many different retail and institutional investors. Top institutional investors include Rockland Trust Co. (1.52%), Plimoth Trust Co. LLC (0.02%), Diversified Trust Co (0.01%) and Handelsinvest Investeringsforvaltning (0.01%). Insiders that own company stock include Barry H Jensen, Christopher Oddleifson, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Eileen C Miskell, Gerard F Nadeau, Jeffrey J Tengel, John J Morrissey, Lee C Powlus, Mark J Ruggiero, Robert D Cozzone, Robert D Cozzone and Scott Smith.
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Shares of INDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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