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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
03/22/2024 |
$51.93 |
$51.93 |
$50.48 |
$50.72 |
178.00K | 03/25/2024 |
$50.60 |
$52.00 |
$50.60 |
$51.35 |
310.80K | 03/26/2024 |
$51.50 |
$52.38 |
$50.55 |
$50.72 |
185.70K | 03/27/2024 |
$51.17 |
$52.72 |
$51.17 |
$52.69 |
211.70K | 03/28/2024 |
$52.19 |
$52.65 |
$51.74 |
$52.02 |
292.20K |
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Independent Bank is a bank holding company. Through its subsidiary, Rockland Trust Company (the Bank), Co. is engaged in the community banking business, providing a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank's market area is generally comprised of Eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and the Islands, South Coast as well as Worcester County and Rhode Island. Borrowings consist of short-term and long-term obligations and may consist of Federal Home Loan Bank advances, federal funds purchased, and junior subordinated debentures. | |
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Independent Bank (INDB) has the following price history information. Looking back at INDB historical stock prices for the last five trading days, on March 22, 2024, INDB opened at $51.93, traded as high as $51.93 and as low as $50.48, and closed at $50.72. Trading volume was a total of 178.00K shares. On March 25, 2024, INDB opened at $50.60, traded as high as $52.00 and as low as $50.60, and closed at $51.35. Trading volume was a total of 310.80K shares. On March 26, 2024, INDB opened at $51.50, traded as high as $52.38 and as low as $50.55, and closed at $50.72. Trading volume was a total of 185.70K shares. On March 27, 2024, INDB opened at $51.17, traded as high as $52.72 and as low as $51.17, and closed at $52.69. Trading volume was a total of 211.70K shares. On March 28, 2024, INDB opened at $52.19, traded as high as $52.65 and as low as $51.74, and closed at $52.02. Trading volume was a total of 292.20K shares.
INDB Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Independent Bank shares, starting with a $10,000 purchase of INDB, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$40.40 |
|
End price/share: |
$52.02 |
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Starting shares: |
247.52 |
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Ending shares: |
320.90 |
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Dividends reinvested/share: |
$16.41 |
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Total return: |
66.93% |
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Average Annual Total Return: |
5.26% |
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Starting investment: |
$10,000.00 |
|
Ending investment: |
$16,694.47 |
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Years: |
10.00 |
|
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$40.40 |
|
End price/share: |
$52.02 |
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Dividends collected/share: |
$16.41 |
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Total return: |
69.38% |
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Average Annual Total Return: |
5.41% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,933.84 |
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Years: |
10.00 |
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|
Date |
Close |
03/22/2024 | $50.72 | 03/25/2024 | $51.35 | 03/26/2024 | $50.72 | 03/27/2024 | $52.69 | 03/28/2024 | $52.02 |
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