Independent Bank Corp. (NASDAQ:INDB) insider Barry H. Jensen sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $64.51, for a total value of $193,530.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Independent Bank Corp. (NASDAQ:INDB) opened at 66.95 on Thursday. The stock has a market cap of $1.76 billion, a P/E ratio of 22.33 and a beta of 0.88. The firm’s 50 day moving average price is $56.79 and its 200-day moving average price is $51.40. Independent Bank Corp. has a 12-month low of $39.58 and a 12-month high of $67.45.

Independent Bank Corp. (NASDAQ:INDB) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. Independent Bank Corp. had a return on equity of 10.02% and a net margin of 24.39%. Equities research analysts anticipate that Independent Bank Corp. will post $2.99 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Independent Bank Corp. (NASDAQ:INDB)

A number of research analysts have commented on the company. Sandler O’Neill lowered Independent Bank Corp. from a “hold” rating to a “sell” rating and upped their price target for the company from $50.00 to $51.00 in a research report on Wednesday, August 31st. Compass Point lowered Independent Bank Corp. from a “neutral” rating to a “sell” rating and upped their price target for the company from $48.00 to $49.00 in a research report on Tuesday, September 20th. Finally, Zacks Investment Research raised Independent Bank Corp. from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, October 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Independent Bank Corp. has a consensus rating of “Hold” and an average price target of $52.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. bought a new position in Independent Bank Corp. during the second quarter valued at approximately $18,906,000. Swiss National Bank raised its position in Independent Bank Corp. by 5.1% in the second quarter. Swiss National Bank now owns 43,100 shares of the company’s stock valued at $1,970,000 after buying an additional 2,100 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. bought a new position in Independent Bank Corp. during the second quarter valued at approximately $5,132,000. American Century Companies Inc. raised its position in Independent Bank Corp. by 3.8% in the second quarter. American Century Companies Inc. now owns 15,318 shares of the company’s stock valued at $700,000 after buying an additional 558 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its position in Independent Bank Corp. by 205.4% in the second quarter. Moody Aldrich Partners LLC now owns 48,475 shares of the company’s stock valued at $2,215,000 after buying an additional 32,600 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

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Independent Bank Corp. Company Profile

Independent Bank Corp. is a bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company operates in community banking business segment. The Company’s community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.

5 Day Chart for NASDAQ:INDB

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