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Independent Bank (INDB)
NASDAQ:INDB
INDB Stock Chart & Stats
$78.07
-$0.54(-0.86%)
At close: 4:00 PM EST
$78.07
-$0.54(-0.86%)
Day’s Range― - ―
52-Week Range$52.15 - $87.00
Previous CloseN/A
Volume35.65K
Average Volume (3M)321.01K
Market Cap
$3.86B
Enterprise Value$4.47B
Total Cash (Recent Filing)$229.77M
Total Debt (Recent Filing)$825.85M
Price to Earnings (P/E)17.6
Beta0.93
Next Earnings
Apr 16, 2026EPS Estimate
1.68Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)1.70
Shares Outstanding49,577,267
10 Day Avg. Volume258,910
30 Day Avg. Volume321,008
Financial Highlights & Ratios
PEG Ratio-11.38
Price to Book (P/B)1.01
Price to Sales (P/S)3.10
P/FCF Ratio26.15
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue3.83
Enterprise Value/Gross Profit5.63
Enterprise Value/Ebitda14.59
Forecast
1Y Price Target
$85.33Price Target Upside9.30% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)7.25
Revenue Forecast (FY)$1.03B
Bulls Say, Bears Say
Bulls Say
Net Interest Income & Margin GuidanceManagement's multi-quarter guidance for 7%–8% NII growth and ~18–23 bps of NIM expansion implies lasting core earnings improvement driven by funding cost gains and mix shifts. Sustained NII growth increases durable cash earnings and underpins lending capacity and capital generation over 2–6 months and beyond.
Commercial Loan GrowthRobust commercial lending, which led portfolio growth, supports higher-yielding assets and diversification of interest income. Durable C&I expansion indicates franchise strength in middle-market origination and should sustain NII and fee opportunities while reducing reliance on lower-yield consumer volumes.
Improved Capital And Shareholder ReturnsStronger tangible equity and active buybacks plus a maintained dividend reflect disciplined capital management. This balance supports organic growth, cushions credit stress, and signals management confidence—enabling sustainable shareholder returns while preserving regulatory and lending flexibility.
Bears Say
Weakened Cash GenerationA multi-year decline in operating cash flow indicates weaker cash conversion versus prior periods, reducing internal funding for loan growth, buybacks, and contingencies. Persistent cash flow weakening limits flexibility, necessitates greater reliance on external funding, and raises sensitivity to rate or credit shocks.
Concentrated Credit ExposureA large share of nonperforming loans tied to one commercial development creates idiosyncratic risk. Resolution uncertainty could produce outsized hits to reserves or capital, and concentrated problem credits increase volatility in asset quality metrics and can constrain risk appetite for similar high-return lending.
Declining ROE And Margin PressureA notable drop in ROE signals reduced balance-sheet efficiency and profitability despite revenue growth. If returns remain compressed, the bank faces slower equity accumulation and less earnings power to fund growth or meet investor return expectations, possibly forcing tradeoffs between capital returns and reinvestment.
Independent Bank News
INDB FAQ
What was Independent Bank’s price range in the past 12 months?
Independent Bank lowest stock price was $52.15 and its highest was $87.00 in the past 12 months.
What is Independent Bank’s market cap?
Independent Bank’s market cap is $3.86B.
When is Independent Bank’s upcoming earnings report date?
Independent Bank’s upcoming earnings report date is Apr 16, 2026 which is in 44 days.
How were Independent Bank’s earnings last quarter?
Independent Bank released its earnings results on Jan 23, 2026. The company reported $1.7 earnings per share for the quarter, beating the consensus estimate of $1.654 by $0.046.
Is Independent Bank overvalued?
According to Wall Street analysts Independent Bank’s price is currently Undervalued.
Does Independent Bank pay dividends?
Independent Bank pays a Quarterly dividend of $0.59 which represents an annual dividend yield of 3.05%. See more information on Independent Bank dividends here
What is Independent Bank’s EPS estimate?
Independent Bank’s EPS estimate is 1.68.
How many shares outstanding does Independent Bank have?
Independent Bank has 49,577,267 shares outstanding.
What happened to Independent Bank’s price movement after its last earnings report?
Independent Bank reported an EPS of $1.7 in its last earnings report, beating expectations of $1.654. Following the earnings report the stock price went up 0.421%.
Which hedge fund is a major shareholder of Independent Bank?
Currently, no hedge funds are holding shares in INDB
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Independent Bank Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$85.33 (9.30% Upside)
$85.33 (9.30% Upside)
Blogger Sentiment
Neutral
INDB Sentiment 50%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 81.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $178.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.11%
12-Months-Change
Fundamentals
Return on Equity
6.25%
Trailing 12-Months
Asset Growth
28.59%
Trailing 12-Months
Company Description
Independent Bank
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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
INDB Company Deck
INDB Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a generally positive operational and financial picture: core earnings improved, net interest margin expanded, loans (especially commercial) grew strongly, capital metrics strengthened, and the bank returned capital via dividends and buybacks. Offsetting these positives were a sizable decline in noninterest income (largely due to the one-time sale of mortgage servicing rights), a modest rise in net charge-offs and nonperforming loans (including one concentrated commercial development exposure), and guidance for more moderate loan growth and higher noninterest expense in 2026. On balance, the highlights (margin/loan growth/capital/returns) outweigh the lowlights tied primarily to the MSR sale and some credit expense pickup, resulting in a constructive outlook for 2026 with manageable risks.View all INDB earnings summariesINDB Stock 12 Month Forecast
Average Price Target
$85.33
▲(9.30% Upside)
Technical Analysis
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Ownership Overview
1.33% Insiders
28.94% Mutual Funds
17.65% Other Institutional Investors
23.14% Public Companies and
Individual Investors