INDB

Independent Bank Corp (Massachusetts)

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Advanced Chart

70.940

+3.98(5.944%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

70.983

Open

67.450

VWAP

70.24

Vol

333.10K

Mkt Cap

3.54B

Low

66.840

Amount

23.40M

EV/EBITDA(TTM)

13.57

Total Shares

42.47M

3.88B

EV/OCF(TTM)

5.41

P/S(TTM)

4.27

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

242.65M

+38.46%

1.535

+51.98%

246.99M

+39.66%

1.625

+34.3%

246.69M

+38.56%

1.683

+58.73%

Estimates Revision

The market is revising Upward the revenue expectations for Independent Bank Corp. (INDB) for FY2025, with the revenue forecasts being adjusted by 4.5% over the past three months. During the same period, the stock price has changed by 16.72%.

Revenue Estimates for FY2025

Revise Upward

+4.5%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.01%

In Past 3 Month

Stock Price

Go Up

+16.72%

In Past 3 Month

3 Analyst Rating

7.60% Upside

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 76.33 USD with a low forecast of 68.00 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.

1 Buy

2 Hold

0 Sell

Moderate Buy

7.60% Upside

Current: 70.940

Low

68.00

Averages

76.33

High

84.00

7.60% Upside

Current: 70.940

Low

68.00

Averages

76.33

High

84.00

Keefe Bruyette

David Konrad

Market Perform

maintain

$72 -> $79

2025-07-21

Reason

Keefe Bruyette

David Konrad

Price Target

$72 -> $79

2025-07-21

maintain

Market Perform

Reason

Keefe Bruyette analyst David Konrad raised the firm's price target on Independent Bank to $79 from $72 and keeps a Market Perform rating on the shares. The bank's core Q2 results were in line with consensus and it has strong capital, the analyst tells investors in a research note.

Keefe Bruyette

Market Perform

maintain

$72 -> $77

2025-07-21

Reason

Keefe Bruyette

Price Target

$72 -> $77

2025-07-21

maintain

Market Perform

Reason

Keefe Bruyette raised the firm's price target on Independent Bank to $77 from $72 and keeps a Market Perform rating on the shares. The bank's core Q2 results were in line with consensus and it has strong capital, the analyst tells investors in a research note.

Piper Sandler

Mark Fitzgibbon

Hold

Maintains

$74 → $63

2025-04-21

Reason

Piper Sandler

Mark Fitzgibbon

Price Target

$74 → $63

2025-04-21

Maintains

Hold

Reason

Piper Sandler analyst Mark Fitzgibbon lowered the firm's price target on Independent Bank to $63 from $74 and keeps a Neutral rating on the shares following quarterly results. The firm would expect the stock to be under some pressure on Monday morning given the market's hypersensitivity to credit issues.

Keefe, Bruyette & Woods

Christopher O'Connell

Hold

Maintains

$80 → $72

2025-04-21

Reason

Keefe, Bruyette & Woods

Christopher O'Connell

Price Target

$80 → $72

2025-04-21

Maintains

Hold

Reason

Raymond James

Steve Moss

Strong Buy

Reiterates

$74 → $78

2025-01-21

Reason

Raymond James

Steve Moss

Price Target

$74 → $78

2025-01-21

Reiterates

Strong Buy

Reason

Raymond James raised the firm's price target on Independent Bank to $78 from $74 and keeps a Strong Buy rating on the shares. Credit stabilized, and Independent Bank has a path forward to materially lower non-performing assets with minimal incremental provision expense given existing specific reserves and pending short sales, while the net interest margin outlook is positive and appears conservative, the analyst tells investors in a research note. The firm views the results and guidance positively and likes the direction that management is leading the company.

Keefe, Bruyette & Woods

Christopher O'Connell

Hold

Maintains

$82 → $80

2025-01-21

Reason

Keefe, Bruyette & Woods

Christopher O'Connell

Price Target

$82 → $80

2025-01-21

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Independent Bank Corp (Massachusetts) (INDB.O) is 10.06, compared to its 5-year average forward P/E of 13.88. For a more detailed relative valuation and DCF analysis to assess Independent Bank Corp (Massachusetts) 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

13.88

Current PE

10.06

Overvalued PE

16.79

Undervalued PE

10.97

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.13

Current PS

3.38

Overvalued PS

4.99

Undervalued PS

3.27