Independent Bank/$INDB
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About Independent Bank
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Ticker
$INDB
Sector
Primary listing
Industry
Banks
Headquarters
Employees
1,837
ISIN
US4538361084
Website
Independent Bank Metrics
BasicAdvanced
$2.6B
13.80
$4.44
0.84
$2.30
3.85%
Price and volume
Market cap
$2.6B
Beta
0.84
52-week high
$74.78
52-week low
$52.15
Average daily volume
275K
Dividend rate
$2.30
Financial strength
Dividend payout ratio (TTM)
51.31%
Profitability
Net profit margin (TTM)
28.85%
Operating margin (TTM)
40.00%
Effective tax rate (TTM)
21.95%
Revenue per employee (TTM)
$360,000
Management effectiveness
Return on assets (TTM)
0.96%
Return on equity (TTM)
6.38%
Valuation
Price to earnings (TTM)
13.798
Price to revenue (TTM)
3.98
Price to book
0.86
Price to tangible book (TTM)
1.28
Price to free cash flow (TTM)
14.953
Free cash flow yield (TTM)
6.69%
Free cash flow per share (TTM)
409.70%
Dividend yield (TTM)
3.75%
Forward dividend yield
3.85%
Growth
Revenue change (TTM)
-5.23%
Earnings per share change (TTM)
-14.38%
3-year revenue growth (CAGR)
7.17%
3-year earnings per share growth (CAGR)
8.86%
10-year earnings per share growth (CAGR)
6.79%
3-year dividend per share growth (CAGR)
5.66%
10-year dividend per share growth (CAGR)
8.91%
Bulls say / Bears say
Independent Bank Corp. (INDB) reported a 6.4% year-over-year increase in revenue for Q1 2025, indicating strong financial performance. (finviz.com)
The company raised its quarterly dividend by 4% to $0.59 per share in March 2025, reflecting confidence in its financial stability and commitment to shareholder returns. (stocktitan.net)
Analysts at Raymond James maintained a 'strong-buy' rating for INDB, with a price target of $78.00, suggesting potential for stock appreciation. (defenseworld.net)
INDB's Q1 2025 earnings per share of $1.06 missed the consensus estimate of $1.18, indicating potential challenges in meeting earnings expectations. (finviz.com)
Keefe, Bruyette & Woods lowered their price target for INDB from $82.00 to $80.00, reflecting tempered expectations for the stock's performance. (americanbankingnews.com)
Piper Sandler downgraded INDB to a 'Hold' rating, indicating a more cautious outlook on the stock's future performance. (markets.businessinsider.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.
Independent Bank News
AllArticlesVideos
Independent Bank Corp. Announces Quarterly Dividend
Business Wire·2 days ago
Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date
Business Wire·2 weeks ago
Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million
Business Wire·2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
Jun30
Independent Bank
Dividend·Ex-dividend
Jul7
Independent Bank
Dividend·Payment
$0.59Per share
FAQs
What’s the current market cap for Independent Bank stock?
Independent Bank (INDB) has a market cap of $2.6B as of June 20, 2025.
What is the P/E ratio for Independent Bank stock?
The price to earnings (P/E) ratio for Independent Bank (INDB) stock is 13.8 as of June 20, 2025.
Does Independent Bank stock pay dividends?
Yes, the Independent Bank (INDB) stock pays dividends to shareholders. As of June 20, 2025, the dividend rate is $2.3 and the yield is 3.85%. Independent Bank has a payout ratio of 51.31% on a trailing twelve-month basis.
When is the next Independent Bank dividend payment date?
The next Independent Bank (INDB) dividend payment is scheduled for July 07, 2025.
What is the beta indicator for Independent Bank?
Independent Bank (INDB) has a beta rating of 0.84. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.