FY2025 Earnings Estimate for INDB Issued By Seaport Res Ptn

Independent Bank Corp. (NASDAQ:INDB) – Research analysts at Seaport Res Ptn boosted their FY2025 earnings per share (EPS) estimates for shares of Independent Bank in a research report issued on Monday, October 20th. Seaport Res Ptn analyst L. Hunsicker now forecasts that the bank will earn $5.54 per share for the year, up from their prior forecast of $5.49. The consensus estimate for Independent Bank’s current full-year earnings is $5.41 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q2 2026 earnings at $1.83 EPS, Q3 2026 earnings at $1.89 EPS, FY2026 earnings at $7.39 EPS, Q1 2027 earnings at $1.96 EPS, Q2 2027 earnings at $2.04 EPS, Q3 2027 earnings at $2.09 EPS and FY2027 earnings at $8.22 EPS.

Independent Bank (NASDAQ:INDB) last issued its earnings results on Wednesday, February 12th. The bank reported $1.01 earnings per share for the quarter. The business had revenue of $175.25 million for the quarter. Independent Bank had a return on equity of 7.19% and a net margin of 16.64%.

Several other brokerages have also weighed in on INDB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Independent Bank in a research report on Wednesday, October 8th. Wall Street Zen raised Independent Bank from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. Zacks Research lowered Independent Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Independent Research set a $83.00 price objective on Independent Bank in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised Independent Bank from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $80.00 to $83.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.75.

Independent Bank Trading Up 0.5%

Shares of INDB opened at $68.93 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.44 billion, a P/E ratio of 16.77 and a beta of 0.85. The stock’s fifty day simple moving average is $69.54 and its 200 day simple moving average is $64.83. Independent Bank has a twelve month low of $52.15 and a twelve month high of $77.23.

Independent Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, September 29th. This represents a $2.36 annualized dividend and a dividend yield of 3.4%. Independent Bank’s dividend payout ratio (DPR) is currently 57.42%.

Institutional Trading of Independent Bank

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Independent Bank by 156.9% during the first quarter. GAMMA Investing LLC now owns 429 shares of the bank’s stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Independent Bank by 233.3% during the second quarter. EverSource Wealth Advisors LLC now owns 550 shares of the bank’s stock valued at $35,000 after acquiring an additional 385 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Independent Bank by 296.8% during the second quarter. Private Trust Co. NA now owns 619 shares of the bank’s stock valued at $39,000 after acquiring an additional 463 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Independent Bank by 95.1% during the second quarter. Bessemer Group Inc. now owns 638 shares of the bank’s stock valued at $40,000 after acquiring an additional 311 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Independent Bank during the second quarter valued at about $59,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

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.