With 1.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $62.29 whereas the lowest price it dropped to was $60.325. The 52-week range on INDB shows that it touched its highest point at $68.75 and its lowest point at $44.63 during that stretch. It currently has a 1-year price target of $62.67. With its current market cap of 2.57 billion, INDB has annualized dividend of $2.24 while the current yield stands at 3.70%. INDB paid its most recent dividend on 1719792000, while the ex-dividend date for that was 1727654400. Beta for the stock currently stands at 0.76.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INDB was down-trending over the past week, with a drop of -0.35%, but this was up by 2.38% over a month. Three-month performance surged to 30.50% while six-month performance rose 17.81%. The stock gained 22.58% in the past year, while it has lost -7.93% so far this year. A look at the trailing 12-month EPS for INDB yields 4.97 with Next year EPS estimates of 5.20. For the next quarter, that number is 1.16. This implies an EPS growth rate of -13.19% for this year and 10.57% for next year. EPS is expected to grow by 2.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.27%.
Float and Shares Shorts:
At present, 42.87 million INDB shares are outstanding with a float of 41.92 million shares on hand for trading. On 2024-08-30, short shares totaled 0.86 million, which was 202.99999 higher than short shares on 1722384000. In addition to Mr. Jeffrey J. Tengel as the firm’s President, CEO & Director, Mr. Mark J. Ruggiero serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.83685 of INDB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INDB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
