C
Independent Bank Corp. INDB
$60.72 -$2.36-3.74%
Recommendation
Prev Close
Volume
Avg Vol (90D)
Market Cap
Dividend & Yield
52-Week Range
P/E (TTM)
EPS (TTM)
C
Hold 3/6/2025Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 3/6/2025 due to a decline in the total return index.
C
Hold 2/27/2025Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 2/27/2025 due to an increase in the volatility index.
C
Hold 2/11/2025Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 2/11/2025 due to a decline in the valuation index, total return index and dividend index.
C
Hold 1/27/2025Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 1/27/2025 due to an increase in the total return index and volatility index.
C
Hold 1/10/2025Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 1/10/2025 due to a decline in the total return index.
C
Hold 11/20/2024Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 11/20/2024 due to a noticeable increase in the volatility index, total return index and solvency index. Debt to equity declined from 0.28 to 0.25.
C
Hold 7/18/2024Upgraded
Independent Bank Corp. (INDB) was upgraded to C from C- on 7/18/2024 due to an increase in the total return index.
C
Hold 4/12/2024Downgrade
Independent Bank Corp. (INDB) was downgraded to C- from C on 4/12/2024 due to a large decline in the growth index, efficiency index and volatility index. Operating cash flow declined 34.15% from $81.26M to $53.51M, net income declined 9.88% from $60.81M to $54.8M, and earnings per share declined from $1.3778 to $1.2577.
C
Hold 12/14/2023Upgraded
Independent Bank Corp. (INDB) was upgraded to C from C- on 12/14/2023 due to an increase in the solvency index and volatility index.
C
Hold 5/16/2023Downgrade
Independent Bank Corp. (INDB) was downgraded to C- from C on 5/16/2023 due to a large decline in the volatility index, total return index and growth index. Operating cash flow declined 55.38% from $115.34M to $51.47M, earnings per share declined from $1.688 to $1.36, and total revenue declined 7.66% from $194.92M to $179.99M.
C
Hold 4/4/2023Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 4/4/2023 due to a decline in the total return index, volatility index and growth index.
C
Hold 3/8/2023Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 3/8/2023 due to a decline in the solvency index and total return index.
B
Buy 2/27/2023Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 2/27/2023 due to an increase in the volatility index and valuation index.
C
Hold 2/10/2023Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 2/10/2023 due to a major decline in the total return index.
B
Buy 12/13/2022Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 12/13/2022 due to an increase in the volatility index and total return index.
C
Hold 11/28/2022Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 11/28/2022 due to a decline in the total return index, volatility index and valuation index.
B
Buy 11/10/2022Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 11/10/2022 due to an increase in the total return index, growth index and volatility index. Operating cash flow increased 37.68% from $96.91M to $133.42M, earnings per share increased from $1.32 to $1.5684, and total revenue increased 8.7% from $172.76M to $187.8M.
C
Hold 10/21/2022Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 10/21/2022 due to a noticeable increase in the total return index.
C
Hold 9/14/2022Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 9/14/2022 due to a decline in the volatility index and total return index.
C
Hold 9/2/2022Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 9/2/2022 due to a decline in the volatility index.
B
Buy 8/8/2022Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 8/8/2022 due to a substantial increase in the growth index, volatility index and efficiency index. Operating cash flow increased 28.31% from $75.53M to $96.91M, earnings per share increased from $1.12 to $1.32, and net income increased 16.35% from $53.1M to $61.78M.
C
Hold 3/28/2022Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 3/28/2022 due to an increase in the volatility index.
C
Hold 3/4/2022Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 3/4/2022 due to a significant decline in the growth index, valuation index and efficiency index. Earnings per share declined from $1.21 to $0.0422, net income declined 95.75% from $40.01M to $1.7M, and operating cash flow declined 14.39% from $39.04M to $33.43M.
C
Hold 2/28/2022Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 2/28/2022 due to a decline in the total return index, valuation index and dividend index.
B
Buy 12/15/2021Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 12/15/2021 due to an increase in the volatility index, total return index and valuation index.
C
Hold 11/30/2021Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 11/30/2021 due to a decline in the volatility index.
B
Buy 11/11/2021Upgraded
Independent Bank Corp. (INDB) was upgraded to B- from C+ on 11/11/2021 due to a large increase in the growth index, volatility index and total return index. Earnings per share increased from $1.1374 to $1.21, and total revenue increased 2.62% from $123.32M to $126.55M.
C
Hold 11/3/2021Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 11/3/2021 due to a large increase in the total return index.
C
Hold 9/3/2021Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 9/3/2021 due to a noticeable decline in the growth index, total return index and volatility index. Operating cash flow declined 25.46% from $67.46M to $50.29M, earnings per share declined from $1.26 to $1.1374, and total revenue declined 0.01% from $123.33M to $123.32M.
C
Hold 5/10/2021Upgraded
Independent Bank Corp. (INDB) was upgraded to C+ from C on 5/10/2021 due to a major increase in the total return index, growth index and volatility index. Operating cash flow increased 25.37% from $53.81M to $67.46M, earnings per share increased from $1.0509 to $1.26, and total revenue increased 4.3% from $118.24M to $123.33M.
C
Hold 11/30/2020Upgraded
Independent Bank Corp. (INDB) was upgraded to C from C- on 11/30/2020 due to an increase in the volatility index and total return index.
C
Hold 11/10/2020Downgrade
Independent Bank Corp. (INDB) was downgraded to C- from C on 11/10/2020 due to a substantial decline in the growth index, valuation index and volatility index.
C
Hold 11/9/2020Upgraded
Independent Bank Corp. (INDB) was upgraded to C from C- on 11/9/2020 due to an increase in the volatility index.
C
Hold 10/1/2020Downgrade
Independent Bank Corp. (INDB) was downgraded to C- from C on 10/1/2020 due to a large decline in the efficiency index, total return index and volatility index. Net income declined 6.91% from $26.75M to $24.9M.
C
Hold 3/20/2020Downgrade
Independent Bank Corp. (INDB) was downgraded to C from C+ on 3/20/2020 due to a decline in the total return index and volatility index.
C
Hold 3/9/2020Downgrade
Independent Bank Corp. (INDB) was downgraded to C+ from B- on 3/9/2020 due to a large decline in the growth index, volatility index and total return index. Operating cash flow declined 47.87% from $152.1M to $79.29M, earnings per share declined from $1.5088 to $1.3812, and total revenue declined 7.49% from $136.41M to $126.19M.
B
Buy 1/27/2020Downgrade
Independent Bank Corp. (INDB) was downgraded to B- from B on 1/27/2020 due to a decline in the volatility index and efficiency index.
B
Buy 11/19/2019Upgraded
Independent Bank Corp. (INDB) was upgraded to B from B- on 11/19/2019 due to a noticeable increase in the growth index, total return index and solvency index. Operating cash flow increased 410.22% from -$49.03M to $152.1M, earnings per share increased from $0.89 to $1.5088, and debt to equity declined from 0.34 to 0.22.
B
Buy 7/19/2019Downgrade
Independent Bank Corp. (INDB) was downgraded to B- from B on 7/19/2019 due to a noticeable decline in the volatility index, total return index and growth index. Operating cash flow declined 10.19% from $38.04M to $34.17M.
B
Buy 12/12/2018Downgrade
Independent Bank Corp. (INDB) was downgraded to B from B+ on 12/12/2018 due to a decline in the total return index and volatility index.
B
Buy 11/14/2018Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 11/14/2018 due to a noticeable decline in the total return index and volatility index.
A
Buy 10/8/2018Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 10/8/2018 due to a noticeable decline in the total return index and volatility index.
A
Buy 8/6/2018Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 8/6/2018 due to a noticeable increase in the growth index, valuation index and efficiency index. Earnings per share increased from $1 to $1.13, net income increased 12.93% from $27.56M to $31.12M, and total revenue increased 6.53% from $87.35M to $93.06M.
A
Buy 8/1/2018Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 8/1/2018 due to a decline in the valuation index, dividend index and total return index.
A
Buy 6/12/2018Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 6/12/2018 due to a large increase in the total return index and volatility index.
A
Buy 5/7/2018Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 5/7/2018 due to an increase in the valuation index, total return index and efficiency index. Net income increased 24.89% from $22.06M to $27.56M, and total capital increased 2.02% from $886.81M to $904.69M.
B
Buy 2/1/2018Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 2/1/2018 due to a noticeable decline in the total return index and valuation index.
A
Buy 12/29/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 12/29/2017 due to an increase in the total return index.
B
Buy 12/14/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A on 12/14/2017 due to a large decline in the total return index.
A
Buy 12/7/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 12/7/2017 due to an increase in the total return index and volatility index.
A
Buy 12/5/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 12/5/2017 due to an increase in the total return index and volatility index.
B
Buy 11/20/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A on 11/20/2017 due to a substantial decline in the total return index.
A
Buy 11/3/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 11/3/2017 due to a large increase in the growth index, valuation index and efficiency index. Operating cash flow increased 233.02% from $11.78M to $39.22M, net income increased 15.99% from $20.56M to $23.85M, and earnings per share increased from $0.75 to $0.8693.
A
Buy 11/1/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 11/1/2017 due to a decline in the valuation index, total return index and volatility index.
A
Buy 9/15/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 9/15/2017 due to a noticeable increase in the total return index and volatility index.
A
Buy 8/25/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 8/25/2017 due to an increase in the total return index, valuation index and dividend index.
B
Buy 8/1/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 8/1/2017 due to a decline in the total return index, valuation index and dividend index.
A
Buy 7/14/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 7/14/2017 due to a major increase in the total return index and volatility index.
B
Buy 7/6/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to B+ from B on 7/6/2017 due to an increase in the growth index, solvency index and efficiency index. Net income increased 20.64% from $17.18M to $20.73M, earnings per share increased from $0.6415 to $0.76, and debt to equity declined from 0.41 to 0.37.
B
Buy 3/27/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B from B+ on 3/27/2017 due to a large decline in the total return index and volatility index.
B
Buy 3/15/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A on 3/15/2017 due to a large decline in the total return index and volatility index.
A
Buy 3/3/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A from B+ on 3/3/2017 due to a large increase in the growth index, total return index and solvency index. Operating cash flow increased 108.2% from $25.73M to $53.56M, and debt to equity declined from 0.42 to 0.41.
B
Buy 2/28/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to B+ from B on 2/28/2017 due to a major increase in the total return index and volatility index.
B
Buy 2/13/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B from A- on 2/13/2017 due to a substantial decline in the total return index.
A
Buy 1/27/2017Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 1/27/2017 due to a large increase in the total return index, valuation index and dividend index.
B
Buy 1/4/2017Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 1/4/2017 due to a large decline in the total return index, valuation index and dividend index.
A
Buy 12/16/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 12/16/2016 due to an increase in the total return index and volatility index.
B
Buy 11/7/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 11/7/2016 due to a decline in the growth index and volatility index.
A
Buy 10/17/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 10/17/2016 due to a major increase in the total return index.
B
Buy 8/22/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to B+ from B on 8/22/2016 due to an increase in the total return index.
B
Buy 8/5/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B from B+ on 8/5/2016 due to a noticeable decline in the growth index, total return index and valuation index.
B
Buy 6/22/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 6/22/2016 due to a decline in the total return index.
A
Buy 6/7/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 6/7/2016 due to a major increase in the total return index and volatility index.
B
Buy 5/23/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to B+ from B on 5/23/2016 due to an increase in the total return index, volatility index and valuation index.
B
Buy 5/6/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B from B+ on 5/6/2016 due to a noticeable decline in the growth index. Operating cash flow declined 94.38% from $27.47M to $1.54M, earnings per share declined from $0.7382 to $0.7083, and total revenue declined 0.85% from $74.12M to $73.49M.
B
Buy 4/27/2016Upgraded
Independent Bank Corp. (INDB) was upgraded to B+ from B on 4/27/2016 due to an increase in the volatility index and total return index.
B
Buy 4/12/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B from B+ on 4/12/2016 due to a noticeable decline in the total return index, volatility index and valuation index.
B
Buy 2/11/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 2/11/2016 due to a large decline in the volatility index and total return index.
A
Buy 1/15/2016Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 1/15/2016 due to a decline in the volatility index.
A
Buy 12/8/2015Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 12/8/2015 due to an increase in the volatility index, solvency index and efficiency index. Debt to equity declined from 0.55 to 0.51, net income increased 6.55% from $17.45M to $18.59M, and total capital increased 2.16% from $715.8M to $731.28M.
A
Buy 10/23/2015Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 10/23/2015 due to a decline in the total return index and volatility index.
A
Buy 8/7/2015Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 8/7/2015 due to a major increase in the growth index, total return index and solvency index. Operating cash flow increased 310.06% from $7.43M to $30.45M, earnings per share increased from $0.379 to $0.6674, and total revenue increased 5.67% from $68.31M to $72.18M.
A
Buy 4/17/2015Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 4/17/2015 due to a decline in the volatility index, valuation index and dividend index.
A
Buy 3/17/2015Upgraded
Independent Bank Corp. (INDB) was upgraded to A from B+ on 3/17/2015 due to a noticeable increase in the volatility index and total return index.
B
Buy 3/3/2015Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 3/3/2015 due to a noticeable decline in the growth index, solvency index and efficiency index. Operating cash flow declined 11.25% from $28.7M to $25.47M, and debt to equity increased from 0.62 to 0.68.
A
Buy 2/17/2015Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 2/17/2015 due to an increase in the volatility index and total return index.
B
Buy 1/30/2015Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 1/30/2015 due to a decline in the volatility index and total return index.
A
Buy 12/9/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 12/9/2014 due to an increase in the total return index, volatility index and efficiency index. Net income increased 6.73% from $14.75M to $15.74M, and total capital increased 1.98% from $611.66M to $623.79M.
B
Buy 11/3/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 11/3/2014 due to a decline in the valuation index, volatility index and dividend index.
A
Buy 10/16/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 10/16/2014 due to an increase in the volatility index and valuation index.
B
Buy 10/1/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 10/1/2014 due to a decline in the volatility index and total return index.
A
Buy 8/26/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 8/26/2014 due to an increase in the volatility index.
B
Buy 8/11/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 8/11/2014 due to a noticeable decline in the volatility index.
A
Buy 7/30/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 7/30/2014 due to an increase in the valuation index, volatility index and dividend index.
B
Buy 7/11/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 7/11/2014 due to a decline in the total return index, valuation index and dividend index.
A
Buy 6/18/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 6/18/2014 due to an increase in the volatility index and total return index.
B
Buy 5/27/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 5/27/2014 due to a decline in the volatility index.
A
Buy 5/12/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A- from B+ on 5/12/2014 due to an increase in the volatility index, growth index and valuation index. Earnings per share increased from $0.452 to $0.56.
B
Buy 5/5/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to B+ from A- on 5/5/2014 due to a decline in the volatility index and total return index.
A
Buy 5/1/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 5/1/2014 due to a noticeable decline in the volatility index and total return index.
A
Buy 3/19/2014Upgraded
Independent Bank Corp. (INDB) was upgraded to A from A- on 3/19/2014 due to an increase in the total return index, volatility index and efficiency index.
A
Buy 3/4/2014Downgrade
Independent Bank Corp. (INDB) was downgraded to A- from A on 3/4/2014 due to a decline in growth and efficiency. Operating cash flow declined 39.93% from $43.79M to $26.31M, earnings per share declined from $0.6387 to $0.452, and net income declined 27.74% from $14.66M to $10.59M.
Weiss Ratings