Independent Bank Corp (NASDAQ: INDB) established initial surge of 15.40% at $72.93, before settling in for the price of $63.20 at the close. Taking a more long-term approach, INDB posted a 52-week range of $45.11-$68.75.
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It was noted that the giant of the Financial sector posted annual sales growth of 18.95% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 4.27%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -16.97%. This publicly-traded company’s shares outstanding now amounts to $42.87 million, simultaneously with a float of $41.96 million. The organization now has a market capitalization sitting at $3.09 billion. At the time of writing, stock’s 50-day Moving Average stood at $61.17, while the 200-day Moving Average is $55.05.
Independent Bank Corp (INDB) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Independent Bank Corp industry. Independent Bank Corp’s current insider ownership accounts for 1.06%, in contrast to 80.79% institutional ownership. According to the most recent insider trade that took place on Jun 03 ’24, this organization’s Director sold 1,134 shares at the rate of 50.22, making the entire transaction reach 56,946 in total value, affecting insider ownership by 13,206. Preceding that transaction, on Mar 01 ’24, Company’s CFO & EVP Consumer Lending bought 500 for 51.09, making the whole transaction’s value amount to 25,543. This particular insider is now the holder of 16,032 in total.
Independent Bank Corp (INDB) Earnings and Revenue Records
Independent Bank Corp’s EPS decrease for this current 12-month fiscal period is -16.97% and is forecasted to reach 5.17 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 2.50% through the next 5 years, which can be compared against the 4.27% growth it accomplished over the previous five years trading on the market.
Independent Bank Corp (NASDAQ: INDB) Trading Performance Indicators
Let’s observe the current performance indicators for Independent Bank Corp (INDB). The Stock has managed to achieve an average true range (ATR) of 2.49. Alongside those numbers, its PE Ratio stands at $15.85, and its Beta score is 0.74. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.19. Similarly, its price to free cash flow for trailing twelve months is now 13.21.
In the same vein, INDB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.60, a figure that is expected to reach 1.17 in the next quarter, and analysts are predicting that it will be 5.17 at the market close of one year from today.
Technical Analysis of Independent Bank Corp (INDB)
Now, what If we examine the latest scores posted by [Independent Bank Corp, INDB]. During the last 5-days, its volume was better the volume of 0.28 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 56.10% While, its Average True Range was 2.84.
Raw Stochastic average of Independent Bank Corp (INDB) in the period of the previous 100 days is set at 98.76%, which indicates a major rise in contrast to 97.17% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 67.49% that was higher than 40.93% volatility it exhibited in the past 100-days period.
