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Independent Bank Corp. (INDB)

Stock Price: $81.71 USD 0.32 (0.39%)
Updated May 6, 2021 4:00 PM EDT - Market closed
After-hours: $81.69 -0.02 (-0.02%) May 6, 4:06 PM
Market Cap 2.66B
Revenue (ttm) 426.67M
Net Income (ttm) 121.17M
Shares Out 33.03M
EPS (ttm) 4.13
PE Ratio 19.81
Forward PE 28.65
Dividend $1.86
Dividend Yield 2.28%
Trading Day May 6
Last Price $81.71
Previous Close $81.39
Change ($) 0.32
Change (%) 0.39%
Day's Open 81.69
Day's Range 79.93 - 81.71
Day's Volume 205,942
52-Week Range 48.67 - 99.29

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank Corp. (INDB) have what it takes?

1 week ago - Zacks Investment Research

The deal catapults the already high-performing Independent Bank to $20 billion in assets.

1 week ago - The Motley Fool

ROCKLAND, Mass.--(BUSINESS WIRE)--Christopher Oddleifson, President and Chief Executive Officer, Robert D. Cozzone, Executive Vice President and Chief Operating Officer, and Mark J. Ruggiero, Chief Fina...

1 week ago - Business Wire

NEW YORK, April 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meridian Bancorp, Inc. ("Meridian" or ...

Other stocks mentioned: EBSB
1 week ago - PRNewsWire

The bank announced last night that it plans to be acquired by a nearby competitor.

Other stocks mentioned: EBC, EBSB
1 week ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Independent Bank Corp. (NASDAQ: INDB) and Meridian Bancorp, Inc. is fair to Indepen...

1 week ago - Business Wire

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 13.51% and 4.72%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 first quarter net income of $41.7 million, or $1.26 p...

2 weeks ago - Business Wire

ROCKLAND, Mass. & PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Meridian Bancorp, ...

2 weeks ago - Business Wire

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results o...

3 weeks ago - Business Wire

Independent Bank (INDB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

1 month ago - Zacks Investment Research

Independent Bank (INDB) announces a dividend hike of 4% to 48 cents per share.

1 month ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.48 per share dividend. The ...

1 month ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--Christopher Oddleifson, President and Chief Executive Officer, Robert D. Cozzone, Executive Vice President and Chief Operating Officer, Mark J. Ruggiero, Chief Financia...

2 months ago - Business Wire

This bank recently launched a dividend that could grow significantly in coming years.

Other stocks mentioned: BHLB, BRKL, EBC, EBSB, NYCB, PBCT
3 months ago - The Motley Fool

ROCKLAND, Mass.--(BUSINESS WIRE)--Christopher Oddleifson, President and Chief Executive Officer, Robert D. Cozzone, Executive Vice President and Chief Operating Officer, Mark J. Ruggiero, Chief Financia...

3 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--Christopher Oddleifson, President and Chief Executive Officer, Robert D. Cozzone, Executive Vice President and Chief Operating Officer, Mark J. Ruggiero, Chief Financia...

3 months ago - Business Wire

Independent Bank Corp (IBCP) CEO William Kessel on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 2.94% and -1.48%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Independent Bank (NASDAQ:INDB) were unchanged in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 23.91% year over year to $1.05, whic...

3 months ago - Benzinga

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Warren Fields and James O'Shanna Morton...

3 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2020 fourth quarter net income of $34.6 million, or $1.05 ...

3 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results ...

3 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.46 per share dividend. The ...

4 months ago - Business Wire

Independent Bank Corporation (IBCP) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

5 months ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--Christopher Oddleifson, Chief Executive Officer, Gerard Nadeau, President and Chief Commercial Banking Officer, Robert D. Cozzone, Executive Vice President and Chief Op...

6 months ago - Business Wire

Bank CEOs seem ready to start looking at mergers and acquisitions, but the sellers may still want to wait until the economic outlook improves.

Other stocks mentioned: BLK, CBU, CIT, FCNCA, PNC
6 months ago - The Motley Fool

They all trade below the Peter Lynch earnings line

Other stocks mentioned: FHB, FHN
6 months ago - GuruFocus

Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 20.22% and -3.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2020 third quarter net income of $34.9 million, or $1.06 p...

6 months ago - Business Wire

Banks' Q3 earnings are expected to have gotten support from relatively less reserve built and strong fee income amid lower rates and economic slowdown. Let's check how performance of First Hawaiian (FHB...

Other stocks mentioned: FHB, FHN
6 months ago - Zacks Investment Research

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results o...

7 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.46 per share dividend. The ...

7 months ago - Business Wire

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp.

9 months ago - Business Wire

ACBI vs. INDB: Which Stock Is the Better Value Option?

Other stocks mentioned: ACBI
10 months ago - Zacks Investment Research

The bank said it would like to use its new capital to pursue acquisitions. This could mean a huge deal that could transform the Boston banking scene.

Other stocks mentioned: BAC, BHLB, BRKL, CFG, EBSB, HONE, JPM ...
10 months ago - The Motley Fool

The Boston bank has a large commercial loan book, but provisioned much less than its peer banks in the first quarter of the year.

Other stocks mentioned: BRKL, EBSB, HONE, BHLB, CNBKA
11 months ago - The Motley Fool

Independent Bank's (INDB) CEO Chris Oddleifson on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Independent Bank (INDB) announces a dividend hike of 4.5% from 44 cents per share to 46 cents.

1 year ago - Zacks Investment Research

PGC vs. INDB: Which Stock Is the Better Value Option?

Other stocks mentioned: PGC
1 year ago - Zacks Investment Research

Independent Bank's Earnings To Continue To Grow

1 year ago - Seeking Alpha

Independent Bank Corp. (INDB) CEO Chris Oddleifson on Q2 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 6.77% and 4.23%, respectively, for the quarter ended June 2019.

1 year ago - Zacks Investment Research

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

1 year ago - Zacks Investment Research

Independent Bank Corp.'s (INDB) CEO Chris Oddleifson on Q1 2019 Results - Earnings Call Transcript

2 years ago - Seeking Alpha

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of -2.26% and -2.11%, respectively, for the quarter ended March 2019.

2 years ago - Zacks Investment Research

About 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 primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer... [Read more...]

Industry
Banks-Regional
Founded
1907
Stock Exchange
NASDAQ
Ticker Symbol
INDB
Full Company Profile

Financial Performance

In 2020, INDB's revenue was $426.67 million, a decrease of -15.08% compared to the previous year's $502.43 million. Earnings were $121.17 million, a decrease of -26.64%.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for INDB stock is "Buy." The 12-month stock price forecast is 94.60, which is an increase of 15.78% from the latest price.

Price Target
$94.60
(15.78% upside)
Analyst Consensus: Buy