Seaport Res Ptn Issues Optimistic Forecast for INDB Earnings

Independent Bank Corp. (NASDAQ:INDB) – Investment analysts at Seaport Res Ptn raised their Q3 2025 EPS estimates for Independent Bank in a report issued on Monday, October 21st. Seaport Res Ptn analyst L. Hunsicker now forecasts that the bank will post earnings per share of $1.34 for the quarter, up from their prior estimate of $1.31. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Independent Bank’s current full-year earnings is $4.49 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $5.26 EPS.

Independent Bank (NASDAQ:INDB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.01 EPS for the quarter, topping the consensus estimate of $0.99 by $0.02. Independent Bank had a return on equity of 7.41% and a net margin of 22.42%. The company had revenue of $250.07 million for the quarter, compared to the consensus estimate of $173.24 million. During the same period last year, the business posted $1.38 EPS.

INDB has been the topic of a number of other research reports. StockNews.com downgraded shares of Independent Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Independent Bank from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Monday. Finally, Raymond James upgraded Independent Bank from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Independent Bank Stock Performance

Shares of Independent Bank stock opened at $62.17 on Wednesday. Independent Bank has a 12 month low of $44.63 and a 12 month high of $68.75. The stock’s fifty day moving average price is $60.45 and its 200-day moving average price is $55.17. The firm has a market cap of $2.64 billion, a P/E ratio of 12.00 and a beta of 0.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Independent Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 30th were paid a dividend of $0.57 per share. The ex-dividend date was Monday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.67%. Independent Bank’s dividend payout ratio (DPR) is presently 44.02%.

Institutional Investors Weigh In On Independent Bank

Institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Independent Bank during the first quarter worth $47,000. Innealta Capital LLC acquired a new position in Independent Bank during the 2nd quarter valued at about $73,000. Profund Advisors LLC purchased a new stake in Independent Bank in the second quarter valued at about $229,000. SG Americas Securities LLC boosted its holdings in Independent Bank by 102.6% in the first quarter. SG Americas Securities LLC now owns 5,305 shares of the bank’s stock worth $276,000 after acquiring an additional 2,687 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Independent Bank by 29.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,378 shares of the bank’s stock worth $273,000 after acquiring an additional 1,231 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

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.