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Independent Bank (INDB)
NASDAQ:INDB
Independent Bank (INDB) Stock Price & Analysis
100 Followers
INDB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$44.63 - $68.75
Previous Close$62.26
Volume290.41K
Average Volume (3M)290.63K
Market Cap
$2.62B
Enterprise Value$3.65B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.03B
Price to Earnings (P/E)12.5
Beta0.75
Next Earnings
Oct 17, 2024EPS Estimate
$1.21Last Dividend Ex-Date
Jul 01, 2024Dividend Yield3.59%
Share Statistics
EPS (TTM)4.97
Shares Outstanding42,465,754
10 Day Avg. Volume432,187
30 Day Avg. Volume290,627
Standard Deviation0.10
R-Squared0.17
Alpha-0.00763
Financial Highlights & Ratios
Price to Book (P/B)1.05
Price to Sales (P/S)2.73
Price to Cash Flow (P/CF)9.60
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.11
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$60.67Price Target Upside-2.32% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Independent Bank News
PremiumCompany Announcements
Independent Bank Prepares for Earnings Call with Investor Presentation
PremiumCompany Announcements
Independent Bank May 2024: Investor Presentation Highlights
Ownership Overview
3.64% Insiders
31.52% Mutual Funds
35.98% Other Institutional Investors
28.86% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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INDB FAQ
What was Independent Bank’s price range in the past 12 months?
Independent Bank lowest stock price was $44.63 and its highest was $68.75 in the past 12 months.
What is Independent Bank’s market cap?
Currently, no data Available
When is Independent Bank’s upcoming earnings report date?
Independent Bank’s upcoming earnings report date is Oct 17, 2024 which is in 85 days.
How were Independent Bank’s earnings last quarter?
Independent Bank released its earnings results on Jul 18, 2024. The company reported $1.209 earnings per share for the quarter, beating the consensus estimate of $1.115 by $0.094.
Is Independent Bank overvalued?
According to Wall Street analysts Independent Bank’s price is currently Overvalued.
Does Independent Bank pay dividends?
Independent Bank pays a Quarterly dividend of $0.57 which represents an annual dividend yield of 3.59%. See more information on Independent Bank dividends here
What is Independent Bank’s EPS estimate?
Independent Bank’s EPS estimate is $1.21.
How many shares outstanding does Independent Bank have?
Independent Bank has 42,465,755 shares outstanding.
What happened to Independent Bank’s price movement after its last earnings report?
Independent Bank reported an EPS of $1.209 in its last earnings report, beating expectations of $1.115. Following the earnings report the stock price went up 2.526%.
Which hedge fund is a major shareholder of Independent Bank?
Among the largest hedge funds holding Independent Bank’s share is Fisher Asset Management LLC. It holds Independent Bank’s shares valued at 7M.
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Independent Bank Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$60.67 (-2.32% Downside)
$60.67 (-2.32% Downside)
Blogger Sentiment
Neutral
INDB Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 22.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $56.9K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
16.81%
12-Months-Change
Fundamentals
Return on Equity
7.44%
Trailing 12-Months
Asset Growth
0.05%
Trailing 12-Months
Company Description
Independent Bank
Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.
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INDB Company Deck
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INDB Earnings Call
Q2 2024
0:00 / 0:00
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INDB Stock 12 Month Forecast
Average Price Target
$60.67
▼(-2.32% Downside)
Technical Analysis
Independent Bank Group
―
Seacoast Banking Of Florida
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Hancock Whitney
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First Interstate Bancsystem
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Best Analysts Covering INDB
1 Year
1 Year Success Rate
6/13 ratings generated profit
1 Year Average Return
+1.42%
upgraded a buy rating 3 days ago
Copying Laurie Havener's trades and holding each position for 1 Year would result in 46.15% of your transactions generating a profit, with an average return of +1.42% per trade.
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