Independent Bank traded at $84.01 this Thursday July 2nd, decreasing $0.99 or 1.16 percent since the previous trading session. Looking back, over the last four weeks, Independent Bank lost 9.47 percent. Over the last 12 months, its price rose by 25.50 percent. Looking ahead, we forecast Independent Bank to be priced at 83.42 by the end of this quarter and at 78.32 in one year, according to Trading Economics global macro models projections and analysts expectations.
Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank operates full service and limited-service retail branches, commercial banking centers, investment management offices and mortgage lending centers located in Eastern Massachusetts, Greater Boston, the South Shore, the Cape and Islands, Worcester County and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, asset-based loans, commercial real estate loans, commercial construction loans and small business loans. The Bank offers a range of demand deposits, interest checking, savings and money market accounts.