Independent Bank Corp. Forecasted to Post Q2 2025 Earnings of $1.11 Per Share (NASDAQ:INDB)

Independent Bank Corp. (NASDAQ:INDB) – Research analysts at Seaport Res Ptn lifted their Q2 2025 earnings estimates for shares of Independent Bank in a research note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst L. Hunsicker now expects that the bank will post earnings per share of $1.11 for the quarter, up from their prior forecast of $1.10. The consensus estimate for Independent Bank’s current full-year earnings is $4.46 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.47 EPS.

Other research analysts also recently issued reports about the company. TheStreet downgraded Independent Bank from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Independent Bank from $64.00 to $60.00 and set a “market perform” rating for the company in a research note on Monday, April 22nd.

Independent Bank Stock Performance

Shares of NASDAQ:INDB opened at $51.92 on Friday. The firm’s 50 day simple moving average is $50.65 and its 200-day simple moving average is $55.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 0.96. Independent Bank has a one year low of $43.28 and a one year high of $68.75. The firm has a market cap of $2.20 billion, a PE ratio of 10.02 and a beta of 0.84.

Hedge Funds Weigh In On Independent Bank

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Independent Bank by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 23,769 shares of the bank’s stock valued at $1,236,000 after buying an additional 11,244 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Independent Bank by 19.7% in the first quarter. Commonwealth Equity Services LLC now owns 50,777 shares of the bank’s stock worth $2,641,000 after purchasing an additional 8,364 shares during the last quarter. Stablepoint Partners LLC increased its position in shares of Independent Bank by 13.5% during the first quarter. Stablepoint Partners LLC now owns 21,213 shares of the bank’s stock worth $1,104,000 after purchasing an additional 2,527 shares in the last quarter. Plimoth Trust Co. LLC lifted its holdings in shares of Independent Bank by 6.0% during the 1st quarter. Plimoth Trust Co. LLC now owns 8,900 shares of the bank’s stock valued at $463,000 after purchasing an additional 500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Independent Bank by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,272,986 shares of the bank’s stock worth $347,015,000 after purchasing an additional 69,312 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Independent Bank

In other news, Director Donna L. Abelli sold 800 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $52.83, for a total value of $42,264.00. Following the completion of the transaction, the director now directly owns 11,640 shares of the company’s stock, valued at approximately $614,941.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Independent Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, April 1st were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, March 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Independent Bank’s previous quarterly dividend of $0.55. Independent Bank’s dividend payout ratio is currently 44.02%.

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