NASDAQ:INDB Independent Bank (INDB) Stock Price, News & Analysis → He Is Giving Away Bitcoin (From Crypto Swap Profits) (Ad) Free INDB Stock Alerts $51.83 -0.39 (-0.75%) (As of 01:11 PM ET) Add Compare Share Share Today's Range$50.79▼$52.3650-Day Range$47.49▼$53.9952-Week Range$43.28▼$68.75Volume141,010 shsAverage Volume290,040 shsMarket Capitalization$2.20 billionP/E Ratio10.01Dividend Yield4.40%Price Target$60.00 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/Downside15.8% Upside$60.00 Price TargetShort InterestHealthy1.70% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.23Based on 17 Articles This WeekInsider TradingSelling Shares$66,784 Sold Last QuarterProj. Earnings Growth5.96%From $4.53 to $4.80 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.3.94 out of 5 starsFinance Sector318th out of 855 stocksState Commercial Banks Industry75th out of 179 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.Amount of Analyst CoverageIndependent Bank has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.70% 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 2.4, 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 10.75%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 4.49%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 44.02%. 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 47.50% 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 2.9 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 0.23. 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 is a lower news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Independent Bank this week, compared to 3 articles on an average week.Search Interest1 people have searched for INDB on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 0.97% 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 5.96% in the coming year, from $4.53 to $4.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 10.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 10.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.28.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 0.76. 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 Stansberry ResearchGlobal crypto currency reset (41 major banks signed up)Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project... Here's everything you need to know. 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 HeadlinesApril 24, 2024 | americanbankingnews.comIndependent Bank Corp. (NASDAQ:INDB) Receives Average Recommendation of "Hold" from BrokeragesApril 23, 2024 | finance.yahoo.comIndependent Bank First Quarter 2024 Earnings: Misses ExpectationsApril 24, 2024 | Insiders Exposed (Ad)The Hard Truth About Investing For RetirementHere’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.April 23, 2024 | americanbankingnews.comIndependent Bank (NASDAQ:INDB) Given New $60.00 Price Target at Keefe, Bruyette & WoodsApril 22, 2024 | finance.yahoo.comIndependent Bank Corp. (NASDAQ:INDB) Q1 2024 Earnings Call TranscriptApril 22, 2024 | markets.businessinsider.comKBW Remains a Hold on Independent Bank (INDB)April 21, 2024 | americanbankingnews.comIndependent Bank (NASDAQ:INDB) Shares Gap Down to $49.45April 20, 2024 | seekingalpha.comIndependent Bank Corp. (INDB) Q1 2024 Earnings Call TranscriptApril 24, 2024 | Insiders Exposed (Ad)The Hard Truth About Investing For RetirementHere’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.April 20, 2024 | finance.yahoo.comIndependent Bank Corp (INDB) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics ...April 20, 2024 | finance.yahoo.comQ1 2024 Independent Bank Corp (Massachusetts) Earnings CallApril 19, 2024 | markets.businessinsider.comKBW Sticks to Its Hold Rating for Independent Bank (INDB)April 18, 2024 | sfgate.comIndependent Bank Corp.: Q1 Earnings SnapshotApril 18, 2024 | businesswire.comIndependent Bank Corp. Reports First Quarter Net Income of $47.8 MillionApril 17, 2024 | markets.businessinsider.comHere's what to expect from Independent Bank's earnings reportApril 15, 2024 | americanbankingnews.comIndependent Bank Corp. (NASDAQ:INDB) Short Interest UpdateApril 8, 2024 | businesswire.comIndependent Bank Corp.'s Announcement of Date of First Quarter Conference CallMarch 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 21, 2024 | businesswire.comIndependent Bank Corp. Announces 4% Increase in Quarterly DividendMarch 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.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 TranscriptSee 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 Last Earnings10/20/2021Ex-Dividend for 4/5 Dividend3/28/2024Dividend Payable4/05/2024Today4/24/2024Next Earnings (Estimated)7/18/2024Fiscal 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$60.00 High Stock Price Target$60.00 Low Stock Price Target$60.00 Potential Upside/Downside+14.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.18 Trailing P/E Ratio10.08 Forward P/E Ratio11.53 P/E GrowthN/ANet Income$239.50 million Net Margins23.97% Pretax Margin31.42% Return on Equity7.85% Return on Assets1.17% Debt Debt-to-Equity Ratio0.36 Current Ratio0.96 Quick Ratio0.96 Sales & Book Value Annual Sales$920.34 million Price / Sales2.41 Cash Flow$6.46 per share Price / Cash Flow8.08 Book Value$67.94 per share Price / Book0.77Miscellaneous Outstanding Shares42,450,000Free Float42,041,000Market Cap$2.22 billion OptionableOptionable Beta0.83 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Mark J. Ruggiero (Age 47)Chief Financial Officer Comp: $928.76kMr. Jeffrey J. Tengel (Age 61)President, CEO & Director 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. (Age 58)Executive VP & General Counsel Mr. Alastair IronsideExecutive VP & Chief Marketing OfficerTimothy C. LaneSenior VP & Chief Internal AuditorMs. Dawn A. Mugford (Age 53)Executive VP & Chief Risk Officer Ms. Margaret McCarthyExecutive VP & Chief Retail Banking OfficerMr. Jonathan NelsonTreasurerMore ExecutivesKey CompetitorsIBERIABANKNASDAQ:IBKCCVB FinancialNASDAQ:CVBFBank of HawaiiNYSE:BOHSeacoast Banking Co. of FloridaNASDAQ:SBCFTowneBankNASDAQ:TOWNView All CompetitorsInsiders & InstitutionsStablepoint Partners LLCBought 2,527 shares on 4/23/2024Ownership: 0.050%Louisiana State Employees Retirement SystemSold 700 shares on 4/23/2024Ownership: 0.050%Canvas Wealth Advisors LLCSold 1,532 shares on 4/23/2024Ownership: 0.010%Raymond James & AssociatesSold 7,362 shares on 4/22/2024Ownership: 0.207%Maryland State Retirement & Pension SystemSold 489 shares on 4/20/2024Ownership: 0.036%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 analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month price targets for Independent Bank's stock. Their INDB share price targets range from $60.00 to $60.00. On average, they predict the company's stock price to reach $60.00 in the next twelve months. This suggests a possible upside of 15.8% 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 at the beginning of the year. Since then, INDB stock has decreased by 21.2% and is now trading at $51.83. View the best growth stocks for 2024 here. Are investors shorting Independent Bank? Independent Bank saw a drop in short interest in 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 volume of 295,800 shares, the days-to-cover ratio is presently 2.4 days. View Independent Bank's Short Interest. When is Independent Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024. View our INDB earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Corp. (NASDAQ:INDB) issued its quarterly earnings results on Wednesday, October, 20th. The bank reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 23.97% and a trailing twelve-month return on equity of 7.85%. During the same period in the previous year, the firm posted $1.07 earnings per share. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank announced a quarterly dividend on Thursday, March 21st. Shareholders 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 4.40%. The ex-dividend date is Thursday, March 28th. This is a boost 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 $2.28 per share and currently has a dividend yield of 4.49%. 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 44.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 47.50% 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), Invesco High Yield Equity Dividend Achievers ETF (PEY), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).SPDR S&P 600 Small Cap ETF (SLY). 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 variety of institutional and retail investors. Top institutional investors include Rockland Trust Co. (1.52%), Leeward Investments LLC MA (0.59%), Raymond James & Associates (0.21%), State of Alaska Department of Revenue (0.06%), Stablepoint Partners LLC (0.05%) and Louisiana State Employees Retirement System (0.05%). 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 4/24/2024 by MarketBeat.com Staff From Our PartnersThis Apple-like Innovator is Revolutionizing HealthcareWall Street Startop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressThe #1 Crypto for 2024InvestorPlaceDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingThe Greatest Bull Market in Crypto History…Weiss RatingsExposed: 10 CENT Crypto to Explode April 20th?True Market Insiders 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
