Analyst Expects Independent Bank Corp. (NASDAQ: INDB) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, INDB falls under the Financial sector while operating within the Banks – Regional industry segment. The current market capitalization of Independent Bank Corp. is $2.64B. A total of 0.45 million shares were traded on the day, compared to an average of 259.62K shares.

In the most recent transaction, MISKELL EILEEN C sold 1,134 shares of INDB for 50.22 per share on Jun 03 ’24. After the transaction, the Director now owns 13,206 company shares. In a previous transaction on Mar 01 ’24, Ruggiero Mark J bought 500 shares at 51.09 per share. INDB shares that CFO & EVP Consumer Lending owns now total 16,032.

Among the insiders who sold shares, Abelli Donna L disposed of 800 shares on Feb 29 ’24 at a per-share price of $52.83. This resulted in the Director holding 11,640 shares of INDB after the transaction. In another insider transaction, MISKELL EILEEN C sold 400 shares at $61.30 per share on Jan 24 ’24. Company shares held by the Director now total 14,094.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Independent Bank Corp. pays an annual dividend of $2.26, resulting in a dividend yield of 3.62%, and it has a price to earnings (P/E) ratio of 13.56. INDB’s most recent ex-dividend date was 9/30/2024 when it declared a $0.57 quarterly dividend that was paid in cash on 10/4/2024. Previously, the company paid the dividend on 7/8/2024 with an ex-dividend date of 7/1/2024. The INDB stock dividend was $0.57 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, INDB has a high of $68.75 and a low of $44.63.

As of this writing, INDB has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 4.0 estimates, with a high estimate of $1.22 per share and a lower estimate of $1.1. The company reported an EPS of $1.26 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $70.08, while its Total Shareholder’s Equity was $3.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INDB is Buy with a score of 3.50.

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