On Tuesday, Independent Bank Corp (NASDAQ: INDB) opened higher 3.90% from the last session, before settling in for the closing price of $62.88. Price fluctuations for INDB have ranged from $47.43 to $77.23 over the past 52 weeks.
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A company in the Financial sector has dropped its sales by -2.11% annually for the last half of the decade. Company’s average yearly earnings per share was noted 15.14% at the time writing. With a float of $42.05 million, this company’s outstanding shares have now reached $42.61 million.
In an organization with 1837 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 66.05%, operating margin of 24.64%, and the pretax margin is 24.64%.
Independent Bank Corp (INDB) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Independent Bank Corp is 1.15%, while institutional ownership is 87.49%. The most recent insider transaction that took place on Jun 13 ’25, was worth 64,515. In this transaction Director of this company sold 1,000 shares at a rate of $64.52, taking the stock ownership to the 20,962 shares. Before that another transaction happened on Jun 13 ’25, when Company’s Director proposed sale 1,000 for $65.20, making the entire transaction worth $65,200.
Independent Bank Corp (INDB) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 15.14% per share during the next fiscal year.
Independent Bank Corp (NASDAQ: INDB) Trading Performance Indicators
Check out the current performance indicators for Independent Bank Corp (INDB). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.83. Likewise, its price to free cash flow for the trailing twelve months is 15.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.44, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 6.82 in one year’s time.
Technical Analysis of Independent Bank Corp (INDB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.44 million. That was better than the volume of 0.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.56%.
During the past 100 days, Independent Bank Corp’s (INDB) raw stochastic average was set at 71.98%, which indicates a significant increase from 64.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.80% in the past 14 days, which was lower than the 34.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.99, while its 200-day Moving Average is $64.14. However, in the short run, Independent Bank Corp’s stock first resistance to watch stands at $67.26. Second resistance stands at $69.19. The third major resistance level sits at $72.22. If the price goes on to break the first support level at $62.30, it is likely to go to the next support level at $59.27. Assuming the price breaks the second support level, the third support level stands at $57.34.
Independent Bank Corp (NASDAQ: INDB) Key Stats
There are currently 42,619K shares outstanding in the company with a market cap of 2.78 billion. Presently, the company’s annual sales total 980,770 K according to its annual income of 192,080 K. Last quarter, the company’s sales amounted to 244,460 K and its income totaled 44,420 K.
