INDB Should I Buy
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Independent Bank Corp (INDB) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown strong financial growth in the latest quarter, the lack of positive trading signals, bearish sentiment from analysts, and hedge fund selling indicate that waiting for a better entry point might be more prudent.
The technical indicators are mixed. The MACD is slightly positive but contracting, RSI is neutral at 45.25, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock is trading below the pivot point of 83.154, with support at 79.868 and resistance at 86.439.
The company reported strong financial performance in Q4 2025, with revenue up 44.43% YoY, net income up 50.57% YoY, and EPS up 28.81% YoY. Moving averages are bullish, indicating some technical strength.
Barclays downgraded the stock to Underweight, citing heated competition and challenges in organic growth. Hedge funds have significantly increased selling activity (up 496.52% last quarter). Options data shows a high put-call ratio, indicating bearish sentiment.
In Q4 2025, Independent Bank Corp showed strong financial growth with revenue increasing to $240.3M (up 44.43% YoY), net income rising to $75.3M (up 50.57% YoY), and EPS improving to 1.52 (up 28.81% YoY).
Analysts are mixed but leaning bearish. Barclays downgraded the stock to Underweight with a price target of $80, citing competition and valuation concerns. Keefe Bruyette raised the price target to $96 with an Outperform rating, but this is countered by Barclays' concerns.
