Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: rocklandtrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $74.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/22/2024 | $65.00 | Neutral → Buy | Seaport Research Partners |
| 10/23/2023 | Sell → Neutral | Seaport Research Partners | |
| 9/12/2023 | $45.00 | Sell | Seaport Research Partners |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 12/13/2022 | $100.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 10/25/2021 | $82.00 → $88.00 | Overweight → Neutral | Piper Sandler |
Raymond James upgraded Independent Bank from Mkt Perform to Strong Buy and set a new price target of $74.00
Seaport Research Partners upgraded Independent Bank from Neutral to Buy and set a new price target of $65.00
Seaport Research Partners upgraded Independent Bank from Sell to Neutral
Seaport Research Partners initiated coverage of Independent Bank with a rating of Sell and set a new price target of $45.00
Raymond James initiated coverage of Independent Bank with a rating of Mkt Perform
Keefe Bruyette downgraded Independent Bank from Outperform to Mkt Perform and set a new price target of $100.00
Piper Sandler downgraded Independent Bank from Overweight to Neutral and set a new price target of $88.00 from $82.00 previously
Seaport Global Securities upgraded Independent Bank from Neutral to Buy and set a new price target of $94.00
Piper Sandler upgraded Independent Bank from Neutral to Overweight and set a new price target of $90.00
4 - INDEPENDENT BANK CORP (0000776901) (Issuer)
4 - INDEPENDENT BANK CORP (0000776901) (Issuer)
4 - INDEPENDENT BANK CORP (0000776901) (Issuer)