Media stories about Independent Bank (NASDAQ:INDB) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.4836887086186 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Independent Bank (NASDAQ:INDB) opened at $69.50 on Monday. The stock has a market capitalization of $1,907.29, a price-to-earnings ratio of 21.52 and a beta of 0.96. Independent Bank has a 1-year low of $57.20 and a 1-year high of $76.30. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17.
Independent Bank (NASDAQ:INDB) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The firm had revenue of $87.84 million for the quarter, compared to analyst estimates of $88.57 million. Independent Bank had a return on equity of 9.76% and a net margin of 23.48%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. analysts predict that Independent Bank will post 3.41 EPS for the current year.
In related news, Director Eileen C. Miskell sold 1,200 shares of Independent Bank stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $71.27, for a total transaction of $85,524.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert D. Cozzone sold 3,250 shares of Independent Bank stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $72.50, for a total value of $235,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,450 shares of company stock valued at $391,339. 2.67% of the stock is currently owned by insiders.
Independent Bank Company Profile
Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.
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