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Independent Bank Corp. (INDB)

Stock Price: $69.17 USD 0.47 (0.68%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Market Cap 2.29B
Revenue (ttm) 454.26M
Net Income (ttm) 136.13M
Shares Out 33.04M
EPS (ttm) 4.51
PE Ratio 15.35
Forward PE 16.67
Dividend $1.86
Dividend Yield 2.69%
Trading Day July 23
Last Price $69.17
Previous Close $68.70
Change ($) 0.47
Change (%) 0.68%
Day's Open 69.73
Day's Range 68.16 - 71.06
Day's Volume 116,745
52-Week Range 48.38 - 98.69

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Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 6.36% and -0.09%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 days ago - Zacks Investment Research

Shares of Independent Bank (NASDAQ:INDB) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 53.95% over the past year to $1.17, which beat...

2 days ago - Benzinga

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 second quarter net income of $37.6 million, or $1.14 ...

2 days ago - Business Wire

Independent Bank Corp. (INDB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week 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 second quarter results ...

2 weeks 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 $0.48 per share dividend. The ...

1 month ago - Business Wire

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 month ago - Zacks Investment Research

NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Independent Bank Corp. (NASDAQ: INDB)  concerning pote...

Other stocks mentioned: CORE, MDP, MNR
1 month ago - PRNewsWire

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 month ago - Zacks Investment Research

Bank M&As shot up in April. Banks like Webster (WBS), BancorpSouth (BXS), New York Community (NYCB), Independent Bank (INDB), Guaranty Bancshares (GNTY), PNC Financial (PNC) & BankUnited (BKU) have eith...

Other stocks mentioned: BKU, BXS, GNTY, NYCB, PNC, WBS
2 months ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research

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

2 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, and Mark J. Ruggiero, Chief Fina...

2 months 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
3 months ago - PRNewsWire

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

Other stocks mentioned: EBC, EBSB
3 months 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...

3 months 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?

3 months 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...

3 months 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, ...

3 months 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 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 first quarter results o...

3 months 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.

3 months ago - Zacks Investment Research

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

4 months 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 ...

4 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...

4 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
5 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...

5 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...

5 months ago - Business Wire

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

5 months ago - Seeking Alpha

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

6 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?

6 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...

6 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...

6 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 ...

6 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 ...

6 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

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.

7 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...

8 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
8 months ago - The Motley Fool

They all trade below the Peter Lynch earnings line

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

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

9 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?

9 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...

9 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
9 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.

9 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...

9 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 ...

10 months ago - Business Wire

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

1 year ago - Business Wire

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

Other stocks mentioned: ACBI
1 year 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 ...
1 year ago - The Motley Fool

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 95.25, which is an increase of 37.70% from the latest price.

Price Target
$95.25
(37.70% upside)
Analyst Consensus: Buy