Analyst Upgrades – Independent Bank Corp. (NASDAQ:INDB) Stock Gets Upgraded By Compass Point from Neutral to Buy

ME Staff
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Analyst Ratings For Independent Bank Corp. (NASDAQ:INDB)

Today, Independent Bank Corp. (NASDAQ:INDB) stock received an upgrade by Compass Point from Neutral to Buy.

There are 3 hold ratings, 1 buy rating on the stock.

The current consensus rating on Independent Bank Corp. (NASDAQ:INDB) is Hold (Score: 2.25) with a consensus target price of $58.50 per share, a potential 11.83% downside.

Some recent analyst ratings include

  • 7/21/2017-Compass Point Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 6/28/2017-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 5/15/2017-Sandler O’Neill Upgrade from a “Sell ” rating to a ” Hold” rating.
  • 5/15/2017-Piper Jaffray Companies initiated coverage with a Neutral rating.
  • 7/21/2015-Macquarie Reiterated Rating of Neutral.

Dividend information for Independent Bank Corp. (NASDAQ:INDB)

Independent Bank Corp. (NASDAQ:INDB) pays an annual dividend of Community Ranking: with a yield of 1.93%.

Dividend History for Independent Bank Corp. (NASDAQ:INDB)

  • On 6/15/2017 Independent Bank Corp. announced a quarterly dividend of $0.32 1.94% with an ex dividend date of 6/22/2017 which will be payable on 7/7/2017.
  • On 3/16/2017 Independent Bank Corp. announced a Quarterly dividend of $0.32 1.94% with an ex dividend date of 3/23/2017 which will be payable on 4/7/2017.
  • On 12/9/2016 Independent Bank Corp. announced a quarterly dividend of $0.29 1.66% with an ex dividend date of 12/21/2016 which will be payable on 1/6/2017.
  • On 9/16/2016 Independent Bank Corp. announced a quarterly dividend of $0.29 2.21% with an ex dividend date of 9/23/2016 which will be payable on 10/7/2016.
  • On 6/16/2016 Independent Bank Corp. announced a quarterly dividend of $0.29 2.59% with an ex dividend date of 6/23/2016 which will be payable on 7/8/2016.
  • On 3/17/2016 Independent Bank Corp. announced a quarterly dividend of $0.29 2.43% with an ex dividend date of 3/23/2016 which will be payable on 4/8/2016.
  • On 12/11/2015 Independent Bank Corp. announced a quarterly dividend of $0.26 2.26% with an ex dividend date of 12/23/2015 which will be payable on 1/8/2016.

Recent Insider Trading Activity For Independent Bank Corp. (NASDAQ:INDB)
Independent Bank Corp. (NASDAQ:INDB) has insider ownership of 2.67% and institutional ownership of 76.87%.

  • On 5/25/2017 Carl Ribeiro, Director, sold 1,000 with an average share price of $62.24 per share and the total transaction amounting to $62,240.00. View SEC Filing
  • On 5/1/2017 Gerard F. Nadeau, Insider, sold 6,103 with an average share price of $63.71 per share and the total transaction amounting to $388,822.13. View SEC Filing
  • On 4/28/2017 Kevin J Jones, Director, sold 9,630 with an average share price of $64.11 per share and the total transaction amounting to $617,379.30. View SEC Filing
  • On 3/10/2017 Maurice H Sullivan Jr, Director, sold 4,275 with an average share price of $64.65 per share and the total transaction amounting to $276,378.75. View SEC Filing
  • On 2/1/2017 Christopher Oddleifson, Insider, sold 1,275 with an average share price of $62.10 per share and the total transaction amounting to $79,177.50. View SEC Filing
  • On 1/26/2017 Christopher Oddleifson, Insider, sold 2,000 with an average share price of $63.73 per share and the total transaction amounting to $127,460.00. View SEC Filing
  • On 1/25/2017 Edward H Seksay, General Counsel, sold 2,000 with an average share price of $63.20 per share and the total transaction amounting to $126,400.00. View SEC Filing

Recent Trading Activity for Independent Bank Corp. (NASDAQ:INDB)
Shares of Independent Bank Corp. closed the previous trading session at 66.35 0.00 0.00% with 70,796 shares trading hands.