Independent Bank Announces Acquisition of Enterprise Bancorp

Independent Bank ( (INDB) ) has shared an announcement.

In June 2025, Independent Bank Corp. announced the acquisition of Enterprise Bancorp, which is expected to enhance its market presence in the Boston area and expand its franchise into Northern Massachusetts and Southern New Hampshire. The acquisition is projected to be financially attractive, with a significant increase in earnings per share and a strong internal rate of return, positioning the company for continued growth and solidifying its standing as a top-performing bank in Massachusetts.

The most recent analyst rating on (INDB) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Independent Bank stock, see the INDB Stock Forecast page.

Spark’s Take on INDB Stock

According to Spark, TipRanks’ AI Analyst, INDB is a Outperform.

Independent Bank displays strong financial performance, particularly with revenue growth and a solid balance sheet. The technical analysis shows some cautionary signals, but the valuation remains reasonable. The recent earnings call highlighted strategic progress despite some challenges, and corporate events positively contribute to the growth outlook. Overall, the stock is positioned for potential growth, but investors should monitor economic conditions and credit costs.

To see Spark’s full report on INDB stock, click here.

More about Independent Bank

Independent Bank Corp., operating primarily through its subsidiary Rockland Trust, is a Massachusetts-based financial institution with a focus on the New England market. The bank offers a comprehensive range of retail and commercial banking services, along with wealth management products, emphasizing a relationship-oriented approach and strong local market knowledge.

Average Trading Volume: 338,256

Technical Sentiment Signal: Hold

Current Market Cap: $2.59B

For detailed information about INDB stock, go to TipRanks’ Stock Analysis page.