Independent Bank Corp/MA INDB
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
Key Insights
Independent Bank Corp/MA (INDB) Core Market Data and Business Metrics
Latest Closing Price
$62.88Price-Earnings Ratio
13.91Total Outstanding Shares
42.61 Million SharesDividend
$0.59 Per Share QuarterlySIC Description
State Commercial BanksPrimary Exchange
NASDAQHeadquarters
288 Union Street, Rockland, MA, 02370
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 300,804 Shares | 4.77 | 3/14/2025 | 1,435,869 Shares |
| 286,083 Shares | 5.05 | 2/28/2025 | 1,445,506 Shares |
| 221,151 Shares | 5.8 | 2/14/2025 | 1,282,234 Shares |
| 274,312 Shares | 3.62 | 1/31/2025 | 993,255 Shares |
| 230,656 Shares | 5.21 | 1/15/2025 | 1,202,173 Shares |
| 261,300 Shares | 3.31 | 12/31/2024 | 865,811 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $229.92 Million |
| Net Cash Flow From Operating Activities, Continuing | $229.92 Million |
| Net Cash Flow From Investing Activities, Continuing | $-33.01 Million |
| Net Cash Flow From Financing Activities | $-201.35 Million |
| Net Cash Flow From Financing Activities, Continuing | $-201.35 Million |
| Net Cash Flow From Investing Activities | $-33.01 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Operating Income/Loss | $247.13 Million |
| Basic Average Shares | $42.50 Million |
| Benefits Costs and Expenses | $605.63 Million |
| Operating Expenses | $605.63 Million |
| Other Operating Expenses | $564.74 Million |
| Net Income/Loss Attributable To Parent | $192.08 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $216.90 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss | $216.90 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $24.82 Million |
| Other Comprehensive Income/Loss | $24.82 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Assets | $19.37 Billion |
| Current Liabilities | $16.38 Billion |
| Noncurrent Assets | $0 |
| Liabilities And Equity | $19.37 Billion |
| Equity Attributable To Parent | $2.99 Billion |
| Intangible Assets | $12.28 Million |
Historical Dividends
Current dividend: $0.59 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 20, 2025 | Apr 7, 2025 | Mar 31, 2025 | $0.59 | Quarterly |
| Dec 12, 2024 | Jan 6, 2025 | Dec 30, 2024 | $0.57 | Quarterly |
| Sep 19, 2024 | Oct 4, 2024 | Sep 30, 2024 | $0.57 | Quarterly |
| Jun 20, 2024 | Jul 8, 2024 | Jul 1, 2024 | $0.57 | Quarterly |
| Mar 21, 2024 | Apr 5, 2024 | Apr 1, 2024 | $0.57 | Quarterly |
| Dec 14, 2023 | Jan 5, 2024 | Dec 26, 2023 | $0.55 | Quarterly |