Stocks of Independent Bank Corp (NASDAQ:INDB) traded higher last session on Wall Street, unchanged to $61.26.
INDB stock price is now 0.84% away from the 50-day moving average and -4.37% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
With the price target maintained at $74, Raymond James recently Upgraded its rating from Mkt Perform to Strong Buy for Independent Bank Corp (NASDAQ: INDB). On July 22, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $65, while the Seaport Research Partners previously rated the stock as ‘Neutral’ on October 23, 2023.
In other news, Venables Thomas R, Director sold 1,000 shares of the company’s stock on Jun 13 ’25. The stock was sold for $64,515 at an average price of $64.52. Upon completion of the transaction, the Director now directly owns 20,962 shares in the company, valued at $1.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’25, Director Thomas Venables bought 1,000 shares of the business’s stock. A total of $65,200 was incurred on buying the stock at an average price of $65.20. A total of 1.15% of the company’s stock is owned by insiders.
During the past 12 months, Independent Bank Corp has had a low of $45.11 and a high of $77.23.
The net profit margin was 19.22% and return on equity was 6.38% for INDB. The company reported revenue of $211.92 million for the quarter, compared to $208.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.86 percent.
