INDB

Independent Bank Corp (Massachusetts)

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Advanced Chart

59.250

+1.070(+1.840%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

59.400

Open

58.370

VWAP

58.70

Vol

309.11K

Mkt Cap

2.52B

Low

57.580

Amount

18.15M

EV/EBITDA(TTM)

11.32

Total Shares

42.47M

3.12B

EV/OCF(TTM)

P/S(TTM)

3.76

Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. 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 of 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, as well as other consumer loans.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

245.71M

+38.94%

1.590

+31.4%

211.75M

+20.83%

1.377

+36.3%

179.47M

+5.41%

1.230

+1.65%

Estimates Revision

The market is revising Upward the revenue expectations for Independent Bank Corp. (INDB) for FY2025, with the revenue forecasts being adjusted by 1.53% over the past three months. During the same period, the stock price has changed by -11.94%.

Revenue Estimates for FY2025

Revise Upward

+1.53%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-1.69%

In Past 3 Month

Stock Price

Go Down

-11.94%

In Past 3 Month

3 Analyst Rating

30.51% 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 77.33 USD with a low forecast of 74.00 USD and a high forecast of 80.00 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

30.51% Upside

Current: 59.250

Low

74.00

Averages

77.33

High

80.00

30.51% Upside

Current: 59.250

Low

74.00

Averages

77.33

High

80.00

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

Keefe, Bruyette & Woods

Christopher O'Connell

Hold

Maintains

$77 → $82

2024-12-12

Reason

Keefe, Bruyette & Woods

Christopher O'Connell

Price Target

$77 → $82

2024-12-12

Maintains

Hold

Reason

Keefe, Bruyette & Woods

Christopher O'Connell

Hold

Maintains

$65 → $77

2024-12-04

Reason

Keefe, Bruyette & Woods

Christopher O'Connell

Price Target

$65 → $77

2024-12-04

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Independent Bank Corp (Massachusetts) (INDB.O) is 9.94, compared to its 5-year average forward P/E of 14.42. 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

14.42

Current PE

9.94

Overvalued PE

17.46

Undervalued PE

11.37

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.

Undervalued

5Y Average PS

4.21

Current PS

2.80

Overvalued PS

5.04

Undervalued PS

3.39