Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2025
0mins
Source: Newsfilter
Acquisition Announcement: Independent Bank Corp. has received all necessary regulatory approvals for its proposed acquisition of Enterprise Bancorp, with the transaction expected to be completed by July 1, 2025.
Leadership Statements: Both CEOs expressed optimism about the merger, highlighting shared values and a commitment to serving their communities effectively through the integration of their banking services.
Analyst Views on INDB
Wall Street analysts forecast INDB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDB is 81.00 USD with a low forecast of 76.00 USD and a high forecast of 84.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 76.620
Low
76.00
Averages
81.00
High
84.00
Current: 76.620
Low
76.00
Averages
81.00
High
84.00
About INDB
Independent Bank Corp. is the holding company of Rockland Trust Company (the Bank). With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
