Seaport Res Ptn Brokers Increase Earnings Estimates for INDB

Key Points

• Seaport Res Ptn has raised its Q3 2025 earnings per share (EPS) estimate for Independent Bank from $1.45 to $1.48, reflecting positive earnings expectations.
• Independent Bank's recent earnings report revealed earnings of $1.25 per share, exceeding analyst estimates of $1.20, along with a significant net margin of 18.93%.
• Despite positive earnings results, several analysts, including Wall Street Zen, have downgraded the stock from "hold" to "sell," and lowered price targets.

Independent Bank Corp. (NASDAQ:INDB - Free Report) - Seaport Res Ptn lifted their Q3 2025 earnings estimates for Independent Bank in a research report issued to clients and investors on Friday, August 1st. Seaport Res Ptn analyst L. Hunsicker now expects that the bank will earn $1.48 per share for the quarter, up from their previous forecast of $1.45. 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 $1.69 EPS, FY2025 earnings at $5.49 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.88 EPS and FY2026 earnings at $7.37 EPS.

Independent Bank (NASDAQ:INDB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The business had revenue of $181.80 million during the quarter, compared to analysts' expectations of $179.47 million. Independent Bank had a net margin of 18.93% and a return on equity of 6.39%.

A number of other brokerages have also recently commented on INDB. Wall Street Zen cut Independent Bank from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Piper Sandler reduced their price target on Independent Bank from $74.00 to $63.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Independent Bank from $80.00 to $72.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

Independent Bank Price Performance

Shares of INDB traded down $0.55 during mid-day trading on Monday, reaching $63.04. The company had a trading volume of 101,770 shares, compared to its average volume of 345,149. Independent Bank has a twelve month low of $52.15 and a twelve month high of $77.23. The company's 50-day moving average is $64.43 and its 200-day moving average is $63.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $2.69 billion, a P/E ratio of 14.27 and a beta of 0.87.

Independent Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 30th were given a dividend of $0.59 per share. The ex-dividend date was Monday, June 30th. This represents a $2.36 annualized dividend and a dividend yield of 3.7%. Independent Bank's dividend payout ratio (DPR) is 53.27%.

Institutional Trading of Independent Bank

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in shares of Independent Bank by 910.4% in the first quarter. Alliancebernstein L.P. now owns 1,078,311 shares of the bank's stock worth $67,556,000 after purchasing an additional 971,587 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Independent Bank by 687.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 948,244 shares of the bank's stock worth $60,868,000 after purchasing an additional 827,793 shares during the last quarter. FJ Capital Management LLC acquired a new stake in Independent Bank during the 1st quarter worth about $32,175,000. Reinhart Partners LLC. acquired a new position in Independent Bank in the 2nd quarter worth about $31,927,000. Finally, Norges Bank acquired a new stake in shares of Independent Bank in the fourth quarter valued at about $28,810,000. Hedge funds and other 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.