Seaport Res Ptn Issues Optimistic Forecast for INDB Earnings

Independent Bank Corp. (NASDAQ:INDB - Free Report) - Stock analysts at Seaport Res Ptn lifted their Q3 2025 earnings estimates for Independent Bank in a report issued on Monday, October 21st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the bank will earn $1.34 per share for the quarter, up from their prior forecast of $1.31. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Independent Bank's current full-year earnings is $4.49 per share. Seaport Res Ptn also issued estimates for Independent Bank's Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $5.26 EPS.

Several other research firms also recently weighed in on INDB. Keefe, Bruyette & Woods upped their price target on Independent Bank from $62.00 to $65.00 and gave the stock a "market perform" rating in a research note on Monday. Raymond James raised shares of Independent Bank from a "market perform" rating to a "strong-buy" rating and set a $74.00 target price for the company in a research note on Monday. Finally, StockNews.com cut shares of Independent Bank from a "hold" rating to a "sell" rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

Independent Bank Price Performance

Shares of NASDAQ INDB traded up $0.57 during mid-day trading on Wednesday, reaching $62.74. The company's stock had a trading volume of 209,051 shares, compared to its average volume of 282,316. The stock has a fifty day moving average of $60.55 and a two-hundred day moving average of $55.22. The firm has a market capitalization of $2.66 billion, a PE ratio of 12.11 and a beta of 0.74. Independent Bank has a 52 week low of $44.63 and a 52 week high of $68.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95.

Independent Bank (NASDAQ:INDB - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. The company had revenue of $250.07 million during the quarter, compared to the consensus estimate of $173.24 million. Independent Bank had a net margin of 22.42% and a return on equity of 7.41%. During the same quarter in the prior year, the firm posted $1.38 EPS.

Hedge Funds Weigh In On Independent Bank

Several institutional investors have recently bought and sold shares of INDB. Vanguard Group Inc. raised its position in shares of Independent Bank by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,272,986 shares of the bank's stock valued at $347,015,000 after buying an additional 69,312 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Independent Bank by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,157,917 shares of the bank's stock valued at $109,443,000 after purchasing an additional 186,680 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Independent Bank by 25.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,701,156 shares of the bank's stock worth $86,283,000 after purchasing an additional 342,201 shares during the period. Rockland Trust Co. increased its position in shares of Independent Bank by 14.3% during the 2nd quarter. Rockland Trust Co. now owns 737,477 shares of the bank's stock valued at $37,405,000 after purchasing an additional 92,438 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Independent Bank by 2.1% during the 1st quarter. Clearbridge Investments LLC now owns 310,381 shares of the bank's stock valued at $16,146,000 after buying an additional 6,476 shares during the period. Institutional investors own 83.40% of the company's stock.

Independent Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were given a dividend of $0.57 per share. The ex-dividend date was Monday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.63%. Independent Bank's dividend payout ratio is currently 44.02%.

Independent Bank Company Profile

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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit.