Q4 EPS Estimates for Independent Bank Cut by Seaport Res Ptn

Independent Bank Corp. (NASDAQ:INDB) – Seaport Res Ptn decreased their Q4 2025 EPS estimates for shares of Independent Bank in a research note issued to investors on Monday, October 20th. Seaport Res Ptn analyst L. Hunsicker now expects that the bank will post earnings per share of $1.67 for the quarter, down from their previous estimate of $1.69. The consensus estimate for Independent Bank’s current full-year earnings is $5.41 per share.

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

Independent Bank Stock Performance

NASDAQ INDB opened at $68.93 on Wednesday. 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 price-to-earnings ratio of 16.77 and a beta of 0.85. The firm’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $64.83. Independent Bank has a 1 year low of $52.15 and a 1 year high of $77.23.

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

Hedge Funds Weigh In On Independent Bank

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Independent Bank by 2.7% during the first quarter. Principal Financial Group Inc. now owns 211,600 shares of the bank’s stock valued at $13,257,000 after acquiring an additional 5,521 shares during the last quarter. KBC Group NV raised its stake in shares of Independent Bank by 15.3% during the first quarter. KBC Group NV now owns 2,204 shares of the bank’s stock valued at $138,000 after acquiring an additional 293 shares during the last quarter. GAMMA Investing LLC raised 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 during the last quarter. New York State Teachers Retirement System raised its stake in shares of Independent Bank by 3.2% during the first quarter. New York State Teachers Retirement System now owns 35,706 shares of the bank’s stock valued at $2,237,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Rockland Trust Co. raised its stake in shares of Independent Bank by 21.1% during the second quarter. Rockland Trust Co. now owns 731,272 shares of the bank’s stock valued at $43,268,000 after acquiring an additional 127,332 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Independent Bank Announces Dividend

The firm also recently declared 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 of this dividend 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 presently 57.42%.

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.