Analysts Offer Predictions for INDB Q3 Earnings

Independent Bank Corp. (NASDAQ:INDB - Free Report) - Investment analysts at Seaport Res Ptn issued their Q3 2025 earnings estimates for Independent Bank in a report issued on Monday, June 9th. Seaport Res Ptn analyst L. Hunsicker expects that the bank will earn $1.45 per share for the quarter. 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 Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $5.29 EPS, Q1 2026 earnings at $1.68 EPS, Q2 2026 earnings at $1.78 EPS, Q3 2026 earnings at $1.87 EPS, Q4 2026 earnings at $1.94 EPS and FY2026 earnings at $7.27 EPS.

Other equities research analysts also recently issued reports about the company. Piper Sandler decreased their price target on Independent Bank from $74.00 to $63.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on Independent Bank from $80.00 to $72.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen downgraded Independent Bank from a "hold" rating to a "sell" rating in a report on Saturday, April 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Independent Bank has a consensus rating of "Moderate Buy" and a consensus target price of $71.00.

Independent Bank Stock Performance

Shares of INDB traded down $1.80 during mid-day trading on Wednesday, reaching $63.45. 290,692 shares of the company's stock were exchanged, compared to its average volume of 293,251. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $2.70 billion, a PE ratio of 14.04 and a beta of 0.84. The business's fifty day simple moving average is $60.56 and its 200-day simple moving average is $64.15. Independent Bank has a 52-week low of $45.11 and a 52-week high of $77.23.

Independent Bank (NASDAQ:INDB - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.12). The business had revenue of $178.04 million for the quarter, compared to analysts' expectations of $175.03 million. Independent Bank had a return on equity of 6.57% and a net margin of 19.58%.

Institutional Investors Weigh In On Independent Bank

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Independent Bank by 156.9% in 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 period. Venturi Wealth Management LLC purchased a new position in shares of Independent Bank in the fourth quarter valued at $62,000. Smartleaf Asset Management LLC increased its position in shares of Independent Bank by 105.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,056 shares of the bank's stock valued at $68,000 after buying an additional 542 shares in the last quarter. Quarry LP increased its position in shares of Independent Bank by 1,328.6% in the first quarter. Quarry LP now owns 1,300 shares of the bank's stock valued at $81,000 after buying an additional 1,209 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Independent Bank by 810.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,338 shares of the bank's stock valued at $86,000 after buying an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Independent Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.36 dividend on an annualized basis and a yield of 3.72%. This is an increase from Independent Bank's previous quarterly dividend of $0.57. Independent Bank's dividend payout ratio (DPR) is 53.15%.

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.