Seaport Res Ptn Brokers Lift Earnings Estimates for Independent Bank Corp. (NASDAQ:INDB)

Independent Bank Corp. (NASDAQ:INDB) – Research analysts at Seaport Res Ptn increased their Q2 2025 earnings per share (EPS) estimates for Independent Bank in a note issued to investors on Monday, July 22nd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the bank will post earnings of $1.26 per share for the quarter, up from their previous forecast of $1.11. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Independent Bank’s current full-year earnings is $4.61 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q3 2025 earnings at $1.29 EPS and Q4 2025 earnings at $1.32 EPS.

INDB has been the topic of several other research reports. StockNews.com upgraded shares of Independent Bank from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Keefe, Bruyette & Woods reduced their target price on shares of Independent Bank from $64.00 to $60.00 and set a “market perform” rating for the company in a report on Monday, April 22nd.

Independent Bank Stock Up 1.4 %

INDB stock opened at $63.00 on Wednesday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 12.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day moving average is $51.12 and its two-hundred day moving average is $52.53. Independent Bank has a fifty-two week low of $44.63 and a fifty-two week high of $68.75.

Independent Bank (NASDAQ:INDB) last posted its earnings results on Thursday, July 18th. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. The business had revenue of $244.19 million during the quarter, compared to the consensus estimate of $169.07 million. Independent Bank had a net margin of 22.42% and a return on equity of 7.41%. During the same quarter in the previous year, the firm posted $1.42 EPS.

Independent Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Monday, July 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.62%. Independent Bank’s payout ratio is currently 44.02%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Independent Bank in the 4th quarter worth $3,463,000. AlphaMark Advisors LLC grew its position in shares of Independent Bank by 12.3% during the fourth quarter. AlphaMark Advisors LLC now owns 4,989 shares of the bank’s stock worth $328,000 after purchasing an additional 545 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Independent Bank by 22.1% during the fourth quarter. Boston Trust Walden Corp now owns 518,119 shares of the bank’s stock worth $34,097,000 after purchasing an additional 93,901 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Independent Bank by 4.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,677 shares of the bank’s stock worth $703,000 after purchasing an additional 434 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in Independent Bank by 5.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 99,981 shares of the bank’s stock worth $6,580,000 after purchasing an additional 5,000 shares during the period. 83.40% of the stock is currently owned by institutional investors.

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.