Independent Bank Corp. (INDB)
NASDAQ:INDB
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INDB Stock Chart & Stats
$77.95
-$0.54(-0.86%)
At close: 4:00 PM EST
$77.95
-$0.54(-0.86%)
Day’s Range― - ―
52-Week Range$57.01 - $87.00
Previous CloseN/A
Volume35.65K
Average Volume (3M)342.58K
Market Cap
$3.76B
Enterprise Value$4.31B
Total Cash (Recent Filing)$234.49M
Total Debt (Recent Filing)$825.85M
Price to Earnings (P/E)11.5
Beta0.90
Next Earnings
Jul 16, 2026EPS Estimate
1.78Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)4.45
Shares Outstanding48,572,235
10 Day Avg. Volume368,718
30 Day Avg. Volume342,583
Financial Highlights & Ratios
PEG Ratio-11.38
Price to Book (P/B)1.01
Price to Sales (P/S)3.10
P/FCF Ratio15.09
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue3.70
Enterprise Value/Gross Profit5.44
Enterprise Value/Ebitda14.09
Forecast
1Y Price Target
$89.00Price Target Upside14.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)7.32
Revenue Forecast (FY)$1.04B
Bulls Say, Bears Say
Bulls Say
Deposit Franchise And Funding CostAnalyst highlights a best-in-class deposit franchise in the Boston region with a high share of non-interest-bearing deposits that supports a low funding cost and strengthens net interest margins.
Excess Capital And Shareholder ReturnsAnalyst notes excess capital on the balance sheet that could support meaningful share buybacks or other capital returns to boost shareholder value.
Wealth Management Fee DiversificationAnalyst points to a sizable wealth management platform that produces stable fee income and diversifies revenue away from lending sensitivity.
Bears Say
Credit Performance And Margin RiskAnalyst warns that the investment case depends on continued benign credit performance and successful margin improvement, and deterioration in either would put pressure on the stock.
Legacy Merger-related Credibility HeadwindAnalyst indicates that prior management's merger deals caused credit disruption and multiple erosion, creating a credibility headwind that could limit valuation recovery.
Independent Bank News
INDB FAQ
What was Independent Bank Corp.’s price range in the past 12 months?
Independent Bank Corp. lowest stock price was $57.01 and its highest was $87.00 in the past 12 months.
What is Independent Bank Corp.’s market cap?
Independent Bank Corp.’s market cap is $3.76B.
When is Independent Bank Corp.’s upcoming earnings report date?
Independent Bank Corp.’s upcoming earnings report date is Jul 16, 2026 which is in 73 days.
How were Independent Bank Corp.’s earnings last quarter?
Independent Bank Corp. released its earnings results on Apr 16, 2026. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.664 by $0.016.
Is Independent Bank Corp. overvalued?
According to Wall Street analysts Independent Bank Corp.’s price is currently Undervalued.
Does Independent Bank Corp. pay dividends?
Independent Bank Corp. pays a Quarterly dividend of $0.59 which represents an annual dividend yield of 3.05%. See more information on Independent Bank Corp. dividends here
What is Independent Bank Corp.’s EPS estimate?
Independent Bank Corp.’s EPS estimate is 1.78.
How many shares outstanding does Independent Bank Corp. have?
Independent Bank Corp. has 48,572,235 shares outstanding.
What happened to Independent Bank Corp.’s price movement after its last earnings report?
Independent Bank Corp. reported an EPS of $1.68 in its last earnings report, beating expectations of $1.664. Following the earnings report the stock price went down -0.587%.
Which hedge fund is a major shareholder of Independent Bank Corp.?
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
Outperform
1
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5
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7
8
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$89.00 (14.18% Upside)
$89.00 (14.18% Upside)
Blogger Sentiment
Bullish
INDB Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 81.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
44.45%
12-Months-Change
Fundamentals
Return on Equity
7.01%
Trailing 12-Months
Asset Growth
24.61%
Trailing 12-Months
Company Description
Independent Bank Corp.
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging execution and emerging headwinds. Key positives include improved net interest margin (+13 bps reported, +8 bps adjusted), solid quarterly profitability (GAAP net income $79.9M; adjusted $82.1M), disciplined capital returns ($94M returned, CET1 12.87%) and resilient wealth and C&I relationship momentum (AUA $9.2B; C&I ex-floor-plan +7% annualized). Offsetting these strengths are muted loan growth, elevated CRE concentration (≈283%) and office-specific asset quality pressures (NPAs $98.7M, 0.52%), along with seasonal and competitive deposit pressures and some one-time expense items. Management reaffirmed 2026 profitability targets and updated NIM guidance while taking prudent steps on capital and portfolio rebalancing. Overall the tone was constructive but cautious given identifiable CRE and market uncertainties.View all INDB earnings summariesINDB Stock 12 Month Forecast
Average Price Target
$89.00
▲(14.18% Upside)
Technical Analysis
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Ownership Overview
1.42% Insiders
28.05% Mutual Funds
8.18% Other Institutional Investors
32.74% Public Companies and
Individual Investors