Independent Bank (INDB) Earning Somewhat Positive News Coverage, Report Finds
Press coverage about Independent Bank (NASDAQ:INDB) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independent Bank earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.2172523069492 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Independent Bank Corp (INDB) to Issue $0.32 Quarterly Dividend (americanbankingnews.com)
- Director of Independent Bank Corp (NASDAQ:INDB), Ribeiro Carl, sells 700 shares worth $48,475 (empowerednews.net)
- Independent Bank Corp. (Massachusetts) :INDB-US: Earnings Analysis: Q3, 2017 By the Numbers : December 15, 2017 (finance.yahoo.com)
- Comparing Independent Bank (INDB) & Its Rivals (americanbankingnews.com)
- Insider Selling: Independent Bank Corp (INDB) Director Sells 700 Shares of Stock (americanbankingnews.com)
Independent Bank (NASDAQ INDB) opened at $70.50 on Friday. Independent Bank has a 52 week low of $57.20 and a 52 week high of $76.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1,930.00, a price-to-earnings ratio of 21.61 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 26th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, December 22nd. Independent Bank’s dividend payout ratio (DPR) is 42.24%.
A number of analysts have recently issued reports on INDB shares. Zacks Investment Research cut Independent Bank from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $73.00 target price on shares of Independent Bank in a research note on Tuesday, October 3rd. Finally, Compass Point lowered Independent Bank from a “buy” rating to a “neutral” rating and set a $76.00 target price on the stock. in a research note on Wednesday, October 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.
In related news, Director Carl Ribeiro sold 700 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $69.25, for a total transaction of $48,475.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert D. Cozzone sold 3,250 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $72.50, for a total value of $235,625.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,150 shares of company stock worth $439,814. 2.67% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Independent Bank (INDB) Earning Somewhat Positive News Coverage, Report Finds” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/independent-bank-indb-earning-somewhat-positive-news-coverage-report-finds/1766957.html.
About Independent Bank
Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.
Receive News & Ratings for Independent Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank and related companies with MarketBeat.com's FREE daily email newsletter.