Independent BankINDB
About: Independent Bank Corp 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 provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. 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, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Employees: 1,837
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
542% more call options, than puts
Call options by funds: $289K | Put options by funds: $45K
13% more capital invested
Capital invested by funds: $2.01B [Q3] → $2.28B (+$268M) [Q4]
3.5% more ownership
Funds ownership: 80.04% [Q3] → 83.54% (+3.5%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
2% less funds holding
Funds holding: 287 [Q3] → 281 (-6) [Q4]
12% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 34
14% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 107
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Christopher O'Connell 30% 1-year accuracy 6 / 20 met price target | 43%upside $80 | Market Perform Maintained | 21 Jan 2025 |
Raymond James Steve Moss 21% 1-year accuracy 3 / 14 met price target | 40%upside $78 | Strong Buy Reiterated | 21 Jan 2025 |
Financial journalist opinion
Based on 12 articles about INDB published over the past 30 days
