Seaport Res Ptn Issues Positive Forecast for INDB Earnings

Independent Bank Corp. (NASDAQ:INDB) – Seaport Res Ptn boosted their Q2 2025 earnings per share estimates for Independent Bank in a research report issued on Monday, February 3rd. Seaport Res Ptn analyst L. Hunsicker now forecasts that the bank will post earnings per share of $1.32 for the quarter, up from their prior estimate of $1.31. The consensus estimate for Independent Bank’s current full-year earnings is $5.42 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $5.45 EPS, Q1 2026 earnings at $1.67 EPS, Q2 2026 earnings at $1.79 EPS and FY2026 earnings at $7.17 EPS.

A number of other research firms also recently issued reports on INDB. Raymond James reiterated a “strong-buy” rating and set a $78.00 price target (up previously from $74.00) on shares of Independent Bank in a research note on Tuesday, January 21st. StockNews.com upgraded Independent Bank from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Independent Bank from $82.00 to $80.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $79.00.

Independent Bank Trading Up 1.8 %

NASDAQ:INDB opened at $70.29 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. Independent Bank has a one year low of $45.11 and a one year high of $77.23. The company has a market cap of $2.99 billion, a PE ratio of 15.55 and a beta of 0.77. The firm has a 50-day moving average of $67.06 and a 200-day moving average of $64.32.

Independent Bank (NASDAQ:INDB) last posted its quarterly earnings results on Thursday, January 16th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.05. Independent Bank had a net margin of 19.58% and a return on equity of 6.57%.

Independent Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 30th were given a dividend of $0.57 per share. The ex-dividend date was Monday, December 30th. This represents a $2.28 dividend on an annualized basis and a yield of 3.24%. Independent Bank’s dividend payout ratio is presently 50.44%.

Institutional Trading of Independent Bank

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Independent Bank in the 4th quarter worth approximately $1,646,000. Proficio Capital Partners LLC purchased a new position in shares of Independent Bank in the fourth quarter valued at $1,515,000. Charles Schwab Investment Management Inc. grew its position in shares of Independent Bank by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 544,948 shares of the bank’s stock valued at $34,980,000 after purchasing an additional 21,289 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Independent Bank by 105.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,056 shares of the bank’s stock worth $68,000 after purchasing an additional 542 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Independent Bank by 58.8% in the 4th quarter. Fisher Asset Management LLC now owns 188,385 shares of the bank’s stock worth $12,092,000 after purchasing an additional 69,753 shares during the period. 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.