Independent Bank Stock Today
| INDB Stock | USD 55.84 0.48 0.87% |
PerformanceVery Weak
| Odds Of DistressLow
|
Independent Bank is trading at 55.84 as of the 18th of April 2025, a 0.87 percent up since the beginning of the trading day. The stock's open price was 55.36. Independent Bank has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Note, on August 13, 2022, Representative Josh Gottheimer of US Congress acquired under $15k worth of Independent Bank's common stock.
Business Domain Banks | IPO Date 27th of March 1990 | Category Financial Services | Classification Financials |
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. The company was founded in 1907 and is headquartered in Rockland, Massachusetts. The company has 42.61 M outstanding shares of which 1.46 M shares are currently shorted by private and institutional investors with about 4.14 trading days to cover. More on Independent Bank
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Moving against Independent Stock
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Independent Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Christopher Oddleifson | ||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, SP Small-Cap 600, NASDAQ Composite, NASDAQ Financial 100, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation | |||||
Debt LevelsIndependent Bank can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Independent Bank's financial leverage. It provides some insight into what part of Independent Bank's total assets is financed by creditors.
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Independent Bank (INDB) is traded on NASDAQ Exchange in USA. It is located in 288 Union Street, Rockland, MA, United States, 02370 and employs 1,837 people. Independent Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.38 B. Independent Bank conducts business under Banks sector and is part of Financials industry. The entity has 42.61 M outstanding shares of which 1.46 M shares are currently shorted by private and institutional investors with about 4.14 trading days to cover.
Independent Bank currently holds about 936.3 M in cash with 229.92 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.52.
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Ownership AllocationIndependent Bank has a total of 42.61 Million outstanding shares. The majority of Independent Bank outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Independent Bank to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Independent Bank. Please pay attention to any change in the institutional holdings of Independent Bank as this could imply that something significant has changed or is about to change at the company. On August 13, 2022, Representative Josh Gottheimer of US Congress acquired under $15k worth of Independent Bank's common stock.
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Independent Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2024-12-31 | 590.4 K | |
| Goldman Sachs Group Inc | 2024-12-31 | 588.2 K | |
| Charles Schwab Investment Management Inc | 2024-12-31 | 544.9 K | |
| Verition Fund Managegment, Llc | 2024-12-31 | 510.7 K | |
| Northern Trust Corp | 2024-12-31 | 486.8 K | |
| American Century Companies Inc | 2024-12-31 | 469.4 K | |
| Norges Bank | 2024-12-31 | 448.8 K | |
| Amvescap Plc. | 2024-12-31 | 444.7 K | |
| Bank Of New York Mellon Corp | 2024-12-31 | 424.1 K | |
| Blackrock Inc | 2024-12-31 | 6.2 M | |
| Vanguard Group Inc | 2024-12-31 | 5 M |
Independent Bank Historical Income Statement
Independent Stock Against Markets
Independent Bank Corporate Management
| Lee Powlus | Chief VP | Profile | |
| CFA CFA | MD Company | Profile | |
| Dawn Mugford | Executive Officer | Profile | |
| Timothy Lane | Senior Auditor | Profile | |
| Patricia Esq | Executive Counsel | Profile | |
| Barry Jensen | CIO of Rockland Trust | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 2.28 | Earnings Share 4.52 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.