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

Independent Bank Corp. (NASDAQ:INDB - Free Report) - Stock analysts at Seaport Res Ptn lifted their Q2 2025 earnings per share (EPS) 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 estimate 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.

A number of other analysts have also commented on the stock. Keefe, Bruyette & Woods decreased their price target 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. TheStreet downgraded shares of Independent Bank from a "b-" rating to a "c+" rating in a report on Wednesday, March 13th.

Independent Bank Trading Up 1.1 %

NASDAQ:INDB traded up $0.59 during trading hours on Friday, hitting $51.92. The stock had a trading volume of 264,608 shares, compared to its average volume of 292,101. The business's 50 day moving average is $50.65 and its 200-day moving average is $55.06. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 10.02 and a beta of 0.84. 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.

Independent Bank Increases Dividend

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

Insider Activity

In other Independent Bank news, Director Donna L. Abelli sold 800 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $52.83, for a total transaction of $42,264.00. Following the transaction, the director now directly owns 11,640 shares in the company, valued at $614,941.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.87% of the company's stock.

Institutional Trading of Independent Bank

Several large investors have recently added to or reduced their stakes in INDB. Sachetta LLC bought a new stake in Independent Bank in the fourth quarter valued at $56,000. Covestor Ltd boosted its holdings in shares of Independent Bank by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,598 shares of the bank's stock valued at $128,000 after buying an additional 310 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Independent Bank during the 3rd quarter valued at $217,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Independent Bank during the 4th quarter valued at $217,000. Finally, AlphaMark Advisors LLC bought a new stake in shares of Independent Bank during the 3rd quarter valued at $218,000. Institutional investors own 83.40% of the company's stock.

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.