Independent Bank Corp. (INDB, Financial) has seen a significant stock price increase of 5.03%, reaching $63.86 per share. The trading volume was 96,419 shares, with a turnover rate of 0.23% and a volatility of 5.12%.
Recent financial reports indicate that INDB achieved revenue of $243 million and a net profit of $51.33 million, with earnings per share at $1.21. The stock currently has a price-to-earnings ratio of 12.84. Among the four institutions rating the stock, 25% recommend a buy while 75% suggest a hold; none advise selling.
Within the banking sector, which saw an overall increase of 0.87%, other notable stocks include Lendingclub Corporation, Patriot National Bancorp, and Mercantile Bank, which posted significant gains. Active stocks in the industry also include Evans Bancorp, Lendingclub Corporation, and First Horizon National Bank, with notable trading activities. Stocks showing high volatility include Jianpu Technology, United Community Banks, and Pineapple Financial Inc.
Independent Bank Corp. is a bank holding company for Rockland Trust Company, a community-focused commercial bank. It operates retail branches, commercial and residential loan centers, and investment management offices in eastern Massachusetts, Worcester County, and Rhode Island. Its primary market includes small to medium-sized businesses and consumers, primarily offering commercial loans.
