Independent Bank (INDB) to Release Quarterly Earnings on Thursday

Independent Bank (NASDAQ:INDB - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Thursday, July 17th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $179.47 million for the quarter.

Independent Bank (NASDAQ:INDB - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.12). Independent Bank had a return on equity of 6.41% and a net margin of 19.12%. The company had revenue of $178.04 million for the quarter, compared to analyst estimates of $175.03 million. On average, analysts expect Independent Bank to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Independent Bank Trading Down 2.1%

Shares of Independent Bank stock traded down $1.43 during trading on Friday, reaching $65.98. 439,794 shares of the company were exchanged, compared to its average volume of 304,141. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. Independent Bank has a twelve month low of $52.15 and a twelve month high of $77.23. The business has a 50-day moving average price of $63.38 and a 200-day moving average price of $63.33. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 14.86 and a beta of 0.84.

Independent Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 30th were paid a $0.59 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.36 dividend on an annualized basis and a yield of 3.58%. Independent Bank's payout ratio is 53.15%.

Institutional Trading of Independent Bank

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Independent Bank by 10.6% in the first quarter. Royal Bank of Canada now owns 12,451 shares of the bank's stock valued at $779,000 after buying an additional 1,189 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Independent Bank by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,274 shares of the bank's stock valued at $1,583,000 after buying an additional 1,112 shares during the period. Jane Street Group LLC raised its stake in Independent Bank by 1,222.7% in the first quarter. Jane Street Group LLC now owns 74,057 shares of the bank's stock valued at $4,640,000 after buying an additional 68,458 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Independent Bank by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,719 shares of the bank's stock valued at $6,623,000 after buying an additional 8,435 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Independent Bank by 2.0% in the first quarter. Goldman Sachs Group Inc. now owns 599,898 shares of the bank's stock valued at $37,584,000 after buying an additional 11,714 shares during the period. Institutional investors own 83.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INDB shares. Wall Street Zen cut Independent Bank from a "hold" rating to a "sell" rating in a research note on Saturday, April 26th. Piper Sandler cut their price target on Independent Bank from $74.00 to $63.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price target on Independent Bank from $80.00 to $72.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.00.

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.