Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Independent Bank Corp-Rockland MA Market Cap
The Independent Bank Corp-Rockland MA (INDB) share price is expected to increase by 4.83% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered INDB. Price targets range from $64 at the low end to $81 at the high end. The current analyst consensus for INDB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
INDB is a stock in Financial Services which has been forecasted to be worth $74 as an average. On the higher end, the forecast price is $81 USD by from and on the lower end INDB is forecasted to be $64 by Christopher O'Connell from Keefe, Bruyette & Woods.
These are the latest 20 analyst ratings of INDB.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $77 | Maintains | Dec 4, 2024 |
| Steve Moss Raymond James | Strong Buy | $74 | Upgrade | Oct 21, 2024 |
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $65 | Maintains | Oct 21, 2024 |
| Laurie Havener Hunsicker Seaport Global | Buy | $65 | Upgrade | Jul 22, 2024 |
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $60 | Maintains | Apr 22, 2024 |
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $64 | Maintains | Jan 22, 2024 |
| Laurie Havener Hunsicker Seaport Global | Neutral | Upgrade | Oct 23, 2023 | |
| David Bishop Seaport Global | Sell | $45 | Initiates | Sep 12, 2023 |
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $68 | Maintains | Apr 25, 2023 |
| Christopher O'Connell Keefe, Bruyette & Woods | Market Perform | $80 | Maintains | Apr 6, 2023 |
| Steve Moss Raymond James | Market Perform | Initiates | Dec 21, 2022 | |
| Christopher Mcgratty Keefe, Bruyette & Woods | Market Perform | $100 | Downgrade | Dec 13, 2022 |
| Mark Fitzgibbon Piper Sandler | Neutral | $88 | Downgrade | Oct 25, 2021 |
Seaport Global | Buy | Upgrade | Apr 26, 2021 | |
Seaport Global | Neutral | Initiates | Dec 17, 2020 | |
Piper Sandler | Neutral | $58 | Maintains | Sep 28, 2020 |
| Mark Fitzgibbon Piper Sandler | Neutral | $67 | Downgrade | Jun 24, 2020 |
DA Davidson | Neutral | Downgrade | Jun 8, 2020 | |
| Laurie Havener Compass Point | Neutral | $76 | Downgrade | Mar 4, 2020 |
Compass Point | Buy | $83 | Upgrade | Jul 19, 2019 |
When did it IPO
1990
Staff Count
1,787
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Jeffrey J. Tengel
Market Cap
$3.00B
In 2023, INDB generated $722.1M in revenue, which was a increase of 0.26% from the previous year. This can be seen as a signal that INDB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Independent Bank Corp. and Enterprise Bancorp have entered a merger agreement, with Enterprise merging into Independent and Enterprise Bank merging into Rockland Trust, involving cash and stock transactions.
Why It Matters - The merger between Independent Bank Corp. and Enterprise Bancorp may enhance market share, operational efficiencies, and profitability, impacting stock performance and investor sentiment.
Fri, 18 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Independent Bank Corp. will hold its Q3 2024 earnings call on October 18, 2024, at 10:00 AM ET, featuring CEO Jeff Tengel and CFO Mark Ruggiero.
Why It Matters - The earnings call provides insights into Independent Bank Corp.'s financial performance, guiding investor expectations on profitability and future growth, crucial for stock valuation.
Thu, 17 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Independent Bank Corp. reported Q3 2024 net income of $42.9M ($1.01 per share), down from $51.3M ($1.21 per share) in Q2, due to increased loan loss provisions despite higher revenues.
Why It Matters - A decline in Independent Bank Corp.'s net income and increased loan loss provisions may indicate rising credit risk, potentially impacting future profitability and investor confidence.
Thu, 17 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Independent Bank Corp. (INDB) may not meet expectations for an earnings beat in its upcoming report due to a lack of key performance indicators. Investors should prepare accordingly.
Why It Matters - Independent Bank Corp.'s potential earnings miss could signal weaker financial performance, affecting stock price and investor sentiment.
Thu, 17 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Independent Bank Corp. (INDB) reported Q3 earnings of $1.01 per share, surpassing the Zacks estimate of $0.99, but down from $1.38 per share year-over-year.
Why It Matters - Independent Bank Corp.'s earnings beat estimates, indicating strong performance amid a year-over-year decline, which may affect investor confidence and stock valuation.
Thu, 17 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Independent Bank Corp. (INDB) reported its quarterly performance for September 2024, with comparisons to Wall Street estimates and year-ago metrics suggested for deeper analysis.
Why It Matters - Comparing Independent Bank Corp.'s quarterly results to estimates and year-ago performance helps assess its growth trajectory and profitability, influencing investor confidence and stock valuation.
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