Independent Bank Corp (NASDAQ:INDB) had declared a cash dividend of $0.2900 on Sep 15, 2016. The shares will quote ex-dividend on Sep 22, 2016 and the record date has been fixed for Sep 26, 2016. On Sep 15, 2016 share price, the yield comes out to be 2.2024%. The dividend payable date has been fixed on Oct 7, 2016.
In a different note, On Aug 31, 2016, Sandler O’Neill said it Downgrades its rating on Independent Bank Corp. The shares have been rated ‘Sell’ by the firm.
Independent Bank Corp (INDB) shares turned negative on Tuesdays trading session with the shares closing down -0.46 points or -0.87% at a volume of 82,075. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.85. The peak price level was also seen at $52.85 while the days lowest was $50.84. Finally the shares closed at $52.58. The 52-week high of the shares is $54.12 while the 52-week low is $39.5801. According to the latest information available, the market cap of the company is $1,384 M.
Independent Bank Corp(INDB) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $77.63M. Analysts had an estimated revenue of $75.45M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.73.
Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Robert D Cozzone (CFO and Treasurer) sold 1,250 shares at $53.11 per share price.Also, On Aug 19, 2016, Gerard F Nadeau (Executive Vice President) sold 2,600 shares at $51.93 per share price.On Jul 28, 2016, Maurice H Jr Sullivan (director) sold 5,000 shares at $50.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Independent Bank Corp. is a state chartered federally registered 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’s community banking business provides a range of banking services including lending activities acceptance of demand savings and time deposits and investment management. The Rockland Trust Investment Management Group provides investment management and trust services to individuals institutions small businesses and charitable institutions throughout eastern Massachusetts including Cape Cod and Rhode Island. The bank has 74 banking offices and three limited service branches located within Barnstable Bristol Middlesex Norfolk Plymouth and Worcester counties in eastern Massachusetts.