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Independent Bank Corp. (INDB)

NASDAQ: INDB · IEX Real-Time Price · USD
83.41 -0.86 (-1.02%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap2.78B
Revenue (ttm)478.29M
Net Income (ttm)148.80M
Shares Out33.03M
EPS (ttm)4.51
PE Ratio18.51
Forward PE16.61
Dividend$1.88 (2.25%)
Ex-Dividend DateSep 24, 2021
Volume248,880
Open84.11
Previous Close84.27
Day's Range83.03 - 84.85
52-Week Range50.67 - 98.05
Beta0.96
AnalystsBuy
Price Target91.00 (+9.1%)
Est. Earnings DateOct 21, 2021

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...

IndustryBanks
Founded1907
Employees1,432
Stock ExchangeNASDAQ
Ticker SymbolINDB
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 Forecast

According to 4 analysts, the average rating for INDB stock is "Buy." The 12-month stock price forecast is 91.00, which is an increase of 9.10% from the latest price.

Price Target
$91.00
(9.10% upside)
Analyst Consensus: Buy

News

Earnings Preview: Independent Bank Corp. (INDB) Q3 Earnings Expected to Decline

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.

1 week ago - Zacks Investment Research

Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call

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...

2 weeks ago - Business Wire

Independent Bank Corp. Announces Quarterly Dividend

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

Independent Bank Corp. and Rockland Trust Company Appoint Susan Perry O'Day to Board of Directors

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Susan Perry O'Day to its Board of Direc...

2 months ago - Business Wire

Independent Bank (INDB), Meridian (EBSB) Get Merger Approval

Independent Bank (INDB) and Meridian (EBSB) receive shareholder approval for the previously announced merger deal.

Other symbols:EBSB
2 months ago - Zacks Investment Research

Independent Bank Corp. and Meridian Bancorp, Inc. Receive Shareholder Approval for Merger

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

2 months ago - Business Wire

3 Low Forward Price-Earnings Ratio Stock Picks

Investors could be interested in the following securities, as their forward price-earnings ratios are lower than the S&P 500's historical average price-earnings ratio of 15. The projections of future ea...

Other symbols:AVAVUCBI
2 months ago - GuruFocus

Independent Bank Corp. (INDB) Beats Q2 Earnings Estimates

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 months ago - Zacks Investment Research

Recap: Independent Bank Q2 Earnings

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 months ago - Benzinga

Independent Bank Corp. Reports Second Quarter Net Income of $37.6 Million

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 months ago - Business Wire

Independent Bank Corp. (INDB) Reports Next Week: Wall Street Expects Earnings Growth

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.

3 months ago - Zacks Investment Research

Independent Bank Corp.'s Announcement of Date of Second Quarter Conference Call

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 ...

3 months ago - Business Wire

Independent Bank Corp. Announces Quarterly Dividend

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

Why Independent Bank Corp. (INDB) is a Top Dividend Stock for Your Portfolio

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?

4 months ago - Zacks Investment Research

INVESTIGATION ALERT: Halper Sadeh LLP Investigates INDB, CORE, MDP, MNR; Shareholders are Encouraged to Contact the Firm

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 symbols:MDPMNR
4 months ago - PRNewsWire

This is Why Independent Bank Corp. (INDB) is a Great Dividend Stock

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?

4 months ago - Zacks Investment Research

M&As in Banking Sector Jump in April: Will the Trend Continue?

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 symbols:BKUBXSGNTYNYCBPNCWBS
5 months ago - Zacks Investment Research

Why Independent Bank Corp. (INDB) is a Great Dividend Stock Right Now

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?

5 months ago - Zacks Investment Research

Independent Bank Corp.'s Acquisition of Meridian Bancorp Isn't Good, It's Great

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

5 months ago - The Motley Fool

Independent Bank Corp. CEO Christopher Oddleifson, COO Robert D. Cozzone, and CFO Mark J.

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...

5 months ago - Business Wire

SHAREHOLDER ALERT: WeissLaw LLP Investigates Meridian Bancorp, Inc.

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 symbols:EBSB
5 months ago - PRNewsWire

Why Shares of Meridian Bancorp Are Climbing Today

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

Other symbols:EBCEBSB
5 months ago - The Motley Fool

Independent Bank Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Independen...

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...

5 months ago - Business Wire

Independent Bank Corp. (INDB) Q1 Earnings and Revenues Top Estimates

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?

5 months ago - Zacks Investment Research

Independent Bank Corp. Reports First Quarter Net Income of $41.7 Million

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...

5 months ago - Business Wire