While Independent Bank Corp has underperformed by -3.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, INDB rose by 32.90%, with highs and lows ranging from $73.28 to $45.11, whereas the simple moving average jumped by 28.15% in the last 200 days.
On October 21, 2024, Raymond James Upgraded Independent Bank Corp (NASDAQ: INDB) to Strong Buy. A report published by Seaport Research Partners on July 22, 2024, Upgraded its rating to ‘Buy’ for INDB. Seaport Research Partners Initiated an Sell rating on September 12, 2023, and assigned a price target of $45. Raymond James initiated its ‘Mkt Perform’ rating for INDB, as published in its report on December 21, 2022. Keefe Bruyette’s report from December 13, 2022 suggests a price prediction of $100 for INDB shares, giving the stock a ‘Mkt Perform’ rating. Piper Sandler also rated the stock as ‘Neutral’.
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Analysis of Independent Bank Corp (INDB)
The current dividend for INDB investors is set at $2.26 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 5.29%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Independent Bank Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 6.72% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and INDB is recording an average volume of 256.67K. On a monthly basis, the volatility of the stock is set at 3.32%, whereas on a weekly basis, it is put at 4.27%, with a gain of 12.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $68.75, showing decline from the present price of $70.61, which can serve as yet another indication of whether INDB is worth investing in or should be passed over.
How Do You Analyze Independent Bank Corp Shares?
Independent Bank Corp (INDB) is based in the USA and is one of the most prominent companies operating in the Banks – Regional market. When comparing Independent Bank Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.35, there is a growth in quarterly earnings of -26.67%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.06%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.79% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
INDB shares are owned by institutional investors to the tune of 80.79% at present.