Is Independent Bank Corp (NASDAQ: INDB) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. The current market capitalization of Independent Bank Corp is $2.99B. A total of 0.51 million shares were traded on the day, compared to an average of 256.67K 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Independent Bank Corp pays an annual dividend of $2.26, resulting in a dividend yield of 3.20%, and it has a price to earnings (P/E) ratio of 15.35. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, INDB has a high of $73.28 and a low of $45.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 4.00.

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