Independent Bank Corp (INDB) concluded trading on Thursday at a closing price of $66.94, with 0.48 million shares of worth about $32.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.41% during that period and on July 03, 2025 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 50.03M shares, out of which, 49.45M shares are available for trading.
Stock saw a price change of 5.09% in past 5 days and over the past one month there was a price change of 8.46%. Year-to-date (YTD), INDB shares are showing a performance of 35.26% which increased to 4.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.43 but also hit the highest price of $77.23 during that period. The average intraday trading volume for Independent Bank Corp shares is 346.38K. The stock is currently trading 5.24% above its 20-day simple moving average (SMA20), while that difference is up 7.25% for SMA50 and it goes to 4.25% higher than SMA200.
Independent Bank Corp (NASDAQ: INDB) currently have 50.03M outstanding shares and institutions hold larger chunk of about 74.39% of that.
The stock has a current market capitalization of $3.35B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 15.08, while it has posted earnings per share of $4.44 in the same period. It has a debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INDB, volatility over the week remained 3.37% while standing at 3.63% over the month.
Stock’s fiscal year EPS is expected to rise by 15.14% while it is estimated to increase by 30.14% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on October 21, 2024 offering a Strong buy rating for the stock and assigned a target price of $74 to it. Coverage by Seaport Research Partners stated Independent Bank Corp (INDB) stock as a Buy in their note to investors on July 22, 2024, suggesting a price target of $65 for the stock. On October 23, 2023, Seaport Research Partners Upgrade their recommendations, while on September 12, 2023, Seaport Research Partners Initiated their ratings for the stock with a price target of $45. Stock get a Mkt perform rating from Raymond James on December 21, 2022.
