Highlights
NASDAQ: INDB       Independent Bk Corp
Last Price Today's Change   Day's Range   Trading Volume
88.05   +2.04 (2.37%)  84.276 - 88.76  165,400

Overview

 
Avg Volume (4 weeks):140,555
4 Weeks Range:74.06 - 88.76
4 Weeks Price Volatility (%):
95.17%
52 Weeks Range:49.25 - 88.76
52 Weeks Price Volatility (%):
98.20%
Average Price Target: 35.00
Price Target Upside/Downside: -53.05

Headlines



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Business Background

Independent Bank is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank’s revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. The bank’s loan portfolio constitutes the bulk of the bank’s total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, most of which are made to its market area in eastern Massachusetts and Rhode Island. The bank’s loan portfolio is predominantly in commercial loans.

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