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Independent Bank (INDB)
NASDAQ:INDB
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INDB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.11 - $77.23
Previous Close$66.02
Volume607.56K
Average Volume (3M)286.74K
Market Cap
$2.78B
Enterprise Value$3.44B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$663.38M
Price to Earnings (P/E)14.2
Beta1.01
Next Earnings
Jan 16, 2025EPS Estimate
$1.17Next Dividend Ex-Date
Dec 30, 2024Dividend Yield3.45%
Share Statistics
EPS (TTM)4.60
Shares Outstanding42,492,785
10 Day Avg. Volume284,922
30 Day Avg. Volume286,742
Standard Deviation0.11
R-Squared0.14
Alpha-0.00399
Financial Highlights & Ratios
Price to Book (P/B)0.94
Price to Sales (P/S)4.28
Price to Cash Flow (P/CF)10.00
P/FCF Ratio5.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.96
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$73.00Price Target Upside10.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Independent Bank News
PremiumCompany Announcements
Independent Bank Highlights Growth at Financial Conference
PremiumCompany Announcements
Independent Bank Reports Q3 Profit Amid Challenges
Ownership Overview
0.80% Insiders
26.97% Mutual Funds
14.03% Other Institutional Investors
26.72% 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 $45.11 and its highest was $77.23 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 Jan 16, 2025 which is in 25 days.
How were Independent Bank’s earnings last quarter?
Independent Bank released its earnings results on Oct 17, 2024. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.034 by -$0.024.
Is Independent Bank overvalued?
According to Wall Street analysts Independent Bank’s price is currently Undervalued.
Does Independent Bank pay dividends?
Independent Bank pays a Quarterly dividend of $0.569 which represents an annual dividend yield of 3.45%. See more information on Independent Bank dividends here
What is Independent Bank’s EPS estimate?
Independent Bank’s EPS estimate is $1.17.
How many shares outstanding does Independent Bank have?
Independent Bank has 42,492,786 shares outstanding.
What happened to Independent Bank’s price movement after its last earnings report?
Independent Bank reported an EPS of $1.01 in its last earnings report, missing expectations of $1.034. Following the earnings report the stock price went down -5.408%.
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:
$73.00 (10.57% Upside)
$73.00 (10.57% Upside)
Blogger Sentiment
Neutral
INDB Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 92.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.04%
12-Months-Change
Fundamentals
Return on Equity
6.72%
Trailing 12-Months
Asset Growth
0.21%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view of Independent Bank Corp's performance. The company highlighted improvements in net interest margin, deposit growth, and record levels in wealth management assets under administration. However, challenges were noted with a significant office loan stress and charge-offs on a C&I credit, which impacted quarterly results. The bank also expressed optimism about future opportunities and M&A prospects despite the current challenges.Read More>---
INDB Stock 12 Month Forecast
Average Price Target
$73.00
▲(10.57% Upside)
Technical Analysis
Washington Federal
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First Mid-Illinois Bancshares
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First Commonwealth
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Eagle Bancorp
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Best Analysts Covering INDB
1 Year
1 Year Success Rate
8/15 ratings generated profit
1 Year Average Return
+2.46%
reiterated a buy rating 2 months ago
Copying Laurie Havener's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +2.46% per trade.
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