The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Independent Bank Corp’s stock clocked out at $64.86, down -1.53% from its previous closing price of $65.87. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 0.63 million shares were traded. INDB stock price reached its highest trading level at $66.4 during the session, while it also had its lowest trading level at $64.64.
Ratios:
To gain a deeper understanding of INDB’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.25.
On July 22, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $65.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 25 ’25 when Gerard Nadeau bought 5,000 shares for $67.82 per share.
Venables Thomas R sold 1,000 shares of INDB for $64,515 on Jun 13 ’25. The Director now owns 20,962 shares after completing the transaction at $64.52 per share. On Jun 13 ’25, another insider, Thomas Venables, who serves as the Director of the company, bought 1,000 shares for $65.20 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INDB now has a Market Capitalization of 3244738304 and an Enterprise Value of 2622999808. As of this moment, Independent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.64, and their Forward P/E ratio for the next fiscal year is 8.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 3.958.
Stock Price History:
The Beta on a monthly basis for INDB is 0.89, which has changed by 0.011067867 over the last 52 weeks, in comparison to a change of 0.15366066 over the same period for the S&P500. Over the past 52 weeks, INDB has reached a high of $77.23, while it has fallen to a 52-week low of $52.15. The 50-Day Moving Average of the stock is 0.96%, while the 200-Day Moving Average is calculated to be 0.05%.
Shares Statistics:
It appears that INDB traded 375.68K shares on average per day over the past three months and 462230 shares per day over the past ten days. A total of 50.03M shares are outstanding, with a floating share count of 48.67M. Insiders hold about 2.71% of the company’s shares, while institutions hold 75.75% stake in the company. Shares short for INDB as of 1752537600 were 1876421 with a Short Ratio of 4.99, compared to 1749772800 on 1631487. Therefore, it implies a Short% of Shares Outstanding of 1876421 and a Short% of Float of 4.9200002.
Dividends & Splits
With its trailing 12-month dividend rate of 1.14, INDB has a forward annual dividend rate of 2.32. Against a Trailing Annual Dividend Yield of 0.017306816The stock’s 5-year Average Dividend Yield is 3.15. The current Payout Ratio is 50.46% for INDB, which recently paid a dividend on 2025-06-30 with an ex-dividend date of 2025-06-30. Stock splits for the company last occurred on 1987-10-01 when the company split stock in a 3:2 ratio.
