NASDAQ:INDB Independent Bank (INDB) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free INDB Stock Alerts $52.02 -0.67 (-1.27%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$51.74▼$52.6550-Day Range$48.94▼$61.8152-Week Range$43.28▼$68.75Volume292,217 shsAverage Volume290,072 shsMarket Capitalization$2.21 billionP/E Ratio9.60Dividend Yield4.23%Price Target$64.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Independent Bank alerts: Email Address Independent Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside23.0% Upside$64.00 Price TargetShort InterestHealthy1.90% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.62Based on 5 Articles This WeekInsider TradingSelling Shares$66,784 Sold Last QuarterProj. Earnings Growth5.68%From $4.58 to $4.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.64 out of 5 starsFinance Sector363rd out of 850 stocksState Commercial Banks Industry78th out of 178 stocks 2.0 Analyst's Opinion Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.00, Independent Bank has a forecasted upside of 23.0% from its current price of $52.02.Amount of Analyst CoverageIndependent Bank has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.90% of the outstanding shares of Independent Bank have been sold short.Short Interest Ratio / Days to CoverIndependent Bank has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently decreased by 0.46%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 4.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Independent Bank is 40.59%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank will have a dividend payout ratio of 45.45% next year. This indicates that Independent Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INDB. Previous Next 2.0 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Independent Bank this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for INDB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $66,784.00 in company stock.Percentage Held by InsidersOnly 0.87% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions83.40% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to grow by 5.68% in the coming year, from $4.58 to $4.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 9.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 9.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.06.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. About Independent Bank Stock (NASDAQ:INDB)Independent 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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.Read More INDB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INDB Stock News HeadlinesMarch 22, 2024 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Independent Bank (INDB), Arthur J Gallagher & Co (AJG) and LPL Financial (LPLA)March 21, 2024 | msn.comIndependent Bank raises quarterly dividend by 4% to $0.57/shareMarch 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 21, 2024 | businesswire.comIndependent Bank Corp. Announces 4% Increase in Quarterly DividendMarch 19, 2024 | americanbankingnews.comIndependent Bank Corp. (NASDAQ:INDB) Short Interest Up 7.8% in FebruaryMarch 3, 2024 | finance.yahoo.comINDB Mar 2024 55.000 putFebruary 29, 2024 | businesswire.comIndependent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2024 RBC Capital Markets Global Financial Institutions ConferenceFebruary 20, 2024 | barrons.comIndependent Bank Corp.March 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.February 15, 2024 | finance.yahoo.comThe five-year underlying earnings growth at Independent Bank (NASDAQ:INDB) is promising, but the shareholders are still in the red over that timeFebruary 5, 2024 | finance.yahoo.comIndependent Bank Corp. CEO Jeffrey Tengel, President Gerard Nadeau and CFO Mark J. Ruggiero to Participate in the 2024 KBW Winter Financial Services ConferenceJanuary 25, 2024 | finanznachrichten.deIndependent Bank Corporation Reports 2023 Fourth Quarter ResultsJanuary 23, 2024 | finance.yahoo.comIndependent Bank Corp. (NASDAQ:INDB) Q4 2023 Earnings Call TranscriptJanuary 21, 2024 | seekingalpha.comIndependent Bank: High LTD Ratio Limits Growth ProspectsJanuary 20, 2024 | finance.yahoo.comQ4 2023 Independent Bank Corp (Massachusetts) Earnings CallJanuary 18, 2024 | msn.comIndependent Bank GAAP EPS of $1.26 beats by $0.02, revenue of $177.16M misses by $0.18MJanuary 18, 2024 | msn.comIndependent Bank Corp. (INDB) Q4 Earnings: How Key Metrics Compare to Wall Street EstimatesJanuary 18, 2024 | benzinga.comIndependent Bank: Q4 Earnings InsightsJanuary 18, 2024 | finance.yahoo.comIndependent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue EstimatesJanuary 12, 2024 | finance.yahoo.comExploring Analyst Estimates for Independent Bank Corp. (INDB) Q4 Earnings, Beyond Revenue and EPSJanuary 5, 2024 | benzinga.comEmpowering Shareholders with Growth: Independent Bank Enhances Performance and Reports Rising ProfitsJanuary 5, 2024 | finance.yahoo.comIndependent Bank Corp.'s (NASDAQ:INDB) latest 3.7% decline adds to one-year losses, institutional investors may consider drastic measuresDecember 18, 2023 | msn.comIndependent Bank (INDB) Price Target Increased by 5.96% to 54.40December 15, 2023 | morningstar.comIndependent Bank Corp INDBDecember 7, 2023 | msn.comBank Independent helping make holiday wishes come true through toy driveNovember 29, 2023 | finance.yahoo.comZebra Technologies' (ZBRA) Solution Chosen by Rockland TrustNovember 6, 2023 | finance.yahoo.comIndependent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services ConferenceSee More Headlines Receive INDB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 1/5 Dividend12/22/2023Dividend Payable1/05/2024Last Earnings1/18/2024Today3/28/2024Ex-Dividend for 4/5 Dividend3/28/2024Dividend Payable4/05/2024Next Earnings (Estimated)4/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:INDB CUSIP45383610 CIK776901 Webwww.rocklandtrust.com Phone(781) 878-6100Fax781-982-6130Employees1,787Year Founded1864Price Target and Rating Average Stock Price Target$64.00 High Stock Price Target$64.00 Low Stock Price Target$64.00 Potential Upside/Downside+21.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.42 Trailing P/E Ratio9.69 Forward P/E Ratio11.47 P/E GrowthN/ANet Income$239.50 million Net Margins26.02% Pretax Margin34.24% Return on Equity8.35% Return on Assets1.24% Debt Debt-to-Equity Ratio0.42 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$920.34 million Price / Sales2.42 Cash Flow$6.51 per share Price / Cash Flow8.07 Book Value$66.02 per share Price / Book0.80Miscellaneous Outstanding Shares42,450,000Free Float42,077,000Market Cap$2.23 billion OptionableOptionable Beta0.83 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Mark J. Ruggiero (Age 47)CFO & Executive VP of Consumer Lending Comp: $928.76kMr. Jeffrey J. Tengel (Age 61)President, CEO & Director Mr. Lee C. Powlus (Age 63)Executive VP, Chief Technology & Operations Officer Mr. David Byron Smith C.F.A.Executive VP & Chief Investment OfficerMs. Maureen A. Gaffney (Age 45)Senior VP, Controller & Principal Accounting Officer Ms. Patricia M. Natale Esq.Executive VP & General CounselMr. Alastair IronsideExecutive VP & Chief Marketing OfficerMs. Maria S. Harris (Age 53)Executive VP & Chief Human Resource Officer Timothy C. LaneSenior VP & Chief Internal AuditorMs. Dawn A. MugfordExecutive VP & Chief Risk OfficerMore ExecutivesKey CompetitorsSeacoast Banking Co. of FloridaNASDAQ:SBCFIBERIABANKNASDAQ:IBKCTowneBankNASDAQ:TOWNCVB FinancialNASDAQ:CVBFHilltopNYSE:HTHView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 1,198 shares on 3/22/2024Ownership: 0.029%Vanguard Group Inc.Bought 69,312 shares on 3/11/2024Ownership: 12.422%Fisher Asset Management LLCSold 2,221 shares on 3/5/2024Ownership: 0.311%Goldman Sachs Group Inc.Bought 25,664 shares on 3/1/2024Ownership: 1.161%Donna L AbelliSold 800 sharesTotal: $42,264.00 ($52.83/share)View All Insider TransactionsView All Institutional Transactions INDB Stock Analysis - Frequently Asked Questions Should I buy or sell Independent Bank stock right now? 2 Wall Street 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 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. View INDB analyst ratings or view top-rated stocks. What is Independent Bank's stock price target for 2024? 2 Wall Street research analysts have issued 1 year price objectives for Independent Bank's stock. Their INDB share price targets range from $64.00 to $64.00. On average, they expect the company's stock price to reach $64.00 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price. View analysts price targets for INDB or view top-rated stocks among Wall Street analysts. How have INDB shares performed in 2024? Independent Bank's stock was trading at $65.81 on January 1st, 2024. Since then, INDB stock has decreased by 21.0% and is now trading at $52.02. View the best growth stocks for 2024 here. When is Independent Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our INDB earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Corp. (NASDAQ:INDB) released its quarterly earnings results on Thursday, January, 18th. The bank reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. The bank earned $177.16 million during the quarter, compared to the consensus estimate of $176.75 million. Independent Bank had a trailing twelve-month return on equity of 8.35% and a net margin of 26.02%. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank declared a quarterly dividend on Thursday, March 21st. Stockholders of record on Monday, April 1st will be paid a dividend of $0.57 per share on Friday, April 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from the stock's previous quarterly dividend of $0.55. Read our dividend analysis for INDB. Is Independent Bank a good dividend stock? Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 4.34%. INDB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 45.45% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for INDB. What ETFs hold Independent Bank's stock? 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), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Mid Cap Value AlphaDEX Fund (FNK), First Trust Nasdaq Bank ETF (FTXO) and First Trust Mid Cap Core AlphaDEX Fund (FNX). What other stocks do shareholders of Independent Bank own? 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). Who are Independent Bank's major shareholders? Independent Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.02%), Vanguard Group Inc. (12.42%), Victory Capital Management Inc. (4.03%), Dimensional Fund Advisors LP (4.00%), Nuance Investments LLC (2.91%) and Northern Trust Corp (1.51%). 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. View institutional ownership trends. How do I buy shares of Independent Bank? 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. Compare Top Brokerages Here. This page (NASDAQ:INDB) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research Advisory Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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