Independent Bank Corp Stock (NASDAQ:INDB)

USA |NASDAQ |USD

Price
$87.68
Change
0.17%
Today's Range
$85.79 - $88.42
52-Week Range
$65.50 - $98.05
Market Cap
$2.90B
Volume
336.91K

About Independent Bank Corp (NASDAQ:INDB)

(NASDAQ: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 real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. It operates through a network of 95 full service and 2 limited service retail branches, 15 commercial banking centers, 9 investment management offices, and 7 mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Show more

INDB Stock Price

Statistics Highlights (NASDAQ:INDB)

Shares Outstanding 33.05M Beta 0.99
Public Float 32.55M P/E Ratio 18.81
% Short of Float - Dividend (Yield) 1.90 (0.02%)
Held by Insiders 1.20% Ex-Dividend Date Sep 24, 2021
Held by Institutions 92.89% IPO Date Mar 27, 1990

INDB Financial Summary

|
Dec 20 Dec 19 Dec 18
Revenue $477.45M $502.75M $383.24M
EBITDA $187.33M $277.53M $197.46M
Net Income $121.17M $165.18M $121.62M
Total Assets $13.20B $11.40B $8.85B
Total Cash $1.30B $150.97M $250.46M
Total Debt $328.87M $729.53M $258.71M
Sep 21 Jun 21 Mar 21
Revenue $116.55M $118.32M $120.83M
EBITDA $57.05M $61.49M $65.93M
Net Income $40.01M $37.57M $41.71M
Total Assets $14.53B $14.19B $13.77B
Total Cash $2.01B $2.26B $1.77B
Total Debt $157.04M $171.71M $176.39M

INDB Stock Price History

Independent Bank Corp Annual Stock Price History

Year Open Close Change
2022 $81.62 $87.68 7.42%
2021 $73.00 $81.62 11.81%
2020 $83.67 $73.00 -12.75%

Independent Bank Corp Daily Stock Price History

Date Open High Low Close Change Volume
Jan 21, 2022 $75.07 $84.62 $75.07 $83.48 4.53% 328.82K

(NASDAQ:INDB) Stock Price FAQs

What is today's stock price of Independent Bank Corp (NASDAQ:INDB)?

  • The current stock price of Independent Bank Corp (NASDAQ:INDB) is $87.68.
  • Today INDB stock price opened at $87.40 after previous close of $87.53.
  • During the day, Independent Bank Corp stock quote has varied from a low of $85.79 to a high of $88.42.

What is Independent Bank Corp's 52-week change?

  • INDB 52-week high stock quote is $98.05, which is 11.80% above the current share price.
  • The Independent Bank Corp (NASDAQ:INDB) 52-week low stock price is $65.50, which is 25.30% below the current share price.
  • Independent Bank Corp share price volatility (52-week beta) is 0.99.

Is Independent Bank Corp a buy?

  • According to 4 analysts, the current consensus recommendation for Independent Bank Corp stock is "Strong Buy" at an average rating score of 4.50 (out of 5).
  • There are currently 2 "Strong Buy", 2 "Buy", 0 "Hold", 0 "Sell", and 0 "Strong Sell" analysts recommendations for the INDB stock.
  • The 12 month average price target forecast for INDB stock is $90.50, representing a 3.20% increase from the current INDB stock price of $87.68.

Independent Bank Corp (NASDAQ:INDB) FAQ

How Much is Independent bank corp Worth?

Independent bank corp's worth today based on market capitalisation is $2.90B

How much dividend does Independent bank corp Pay?

The current annualized dividend payout for INDB stock is $1.92, the dividend yield is 2.19% and the payout ratio is 40.17%.
View More Details on Independent bank corp's "Dividend" Section

When is the next earnings date for Independent bank corp (NASDAQ:INDB)?

Independent bank corp is expected to report earnings on April 20 ,2022.
View More Details on Independent bank corp's 'Earnings' Section

What is Independent bank corp’s Price to Earning (PE) ratio?

Independent bank corp has a Price to Earning (P/E) ratio of 18.81. INDB stock also has a Price to Sales (P/S) ratio of 5.88, a Price to Book of 1.65 and Price/Earnings to Growth (PEG) of 11.00.

What is the Independent bank corp's ticker?

Independent bank corp trades on the NASDAQ stock market in USA under the ticker symbol "INDB". Independent bank corp’s stock symbol can also be displayed as "NASDAQ:INDB".

When did INDB go public?

Independent bank corp completed its initial public offering (IPO) on March 27 ,1990.

Who are the owners of Independent bank corp?

Independent bank corp (NASDAQ:INDB) is owned by 92.89% institutional shareholders and by 1.20% insiders. The rest is owned by the public.
The 3 top institutional shareholders are "BlackRock Inc", "Vanguard Group Inc" and "State Street Corporation", representing 31.11% of Independent bank corp’s total shares outstanding.
Explore More Details on Independent bank corp's “Ownership” Section

Who are the key executives of Independent bank corp (INDB)?

Independent bank corp's key executive team includes the following managers:

  • Mr. Christopher Oddleifson, CEO, Pres & Director (1959)
  • Mr. Mark J. Ruggiero, Chief Financial & Accounting Officer (1977)
  • Mr. Robert D. Cozzone, COO and Exec. VP of Consumer & Bus. Banking (1971)
  • Mr. Edward H. Seksay Esq., Exec. VP, Chief Risk Officer & Gen. Counsel (1958)
  • Mr. Barry H. Jensen, Exec. VP and Chief Technology & Operations Officer (1965)
  • Ms. Meagan Silva, Exec. Assistant (NA)
  • Ms. Debra Smith, Sr. VP & Director of Banking & Digital Operations - Rockland Trust Company (NA)
  • Mr. David Byron Smith C.F.A., CFA, MD & Chief Investment Officer of Investment Management Group - Rockland Trust Company (NA)
  • Ms. Maria S. Harris, Sr. VP & Director of HR of Rockland Trust (1971)
  • Mr. Jonathan Nelson, Treasurer (NA)

What is Independent bank corp’s Sector & Industry Classification?

Independent bank corp (NASDAQ:INDB) is classified under the "Financial Services" sector and under the "Banks-Regional" industry.

How many employees work for Independent bank corp?

Currently the number of employees working for Independent bank corp is 1,432.

Where are Independent bank corp's Headquarters?

Independent bank corp (NASDAQ:INDB) is headquartered in MA, United States.

What are Independent bank corp's Address and Phone Number?

Independent bank corp’s mailing address is 288 Union Street, Rockland, MA, United States, 02370.
The company’s phone number is 781 878 6100.

What is the official website for Independent bank corp?

Independent bank corp’s official website is http://www.rocklandtrust.com