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

Independent Bank Corp. (NASDAQ:INDB) – Stock analysts at Seaport Res Ptn lifted their Q2 2025 earnings estimates for Independent Bank in a report issued on Monday, July 22nd. Seaport Res Ptn analyst L. Hunsicker now anticipates that the bank will earn $1.26 per share for the quarter, up from their prior 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.

Independent Bank (NASDAQ:INDB) last released its quarterly earnings data on Thursday, July 18th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.10. The firm had revenue of $244.19 million for the quarter, compared to analysts’ expectations 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 last year, the business posted $1.42 earnings per share.

A number of other equities analysts have also recently commented on INDB. StockNews.com upgraded Independent Bank from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Keefe, Bruyette & Woods cut their target price on Independent Bank from $64.00 to $60.00 and set a “market perform” rating on the stock in a research note on Monday, April 22nd.

Independent Bank Trading Up 1.4 %

INDB stock opened at $63.00 on Wednesday. The firm has a fifty day moving average price of $51.12 and a 200 day moving average price of $52.53. Independent Bank has a fifty-two week low of $44.63 and a fifty-two week high of $68.75. 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 firm has a market cap of $2.68 billion, a PE ratio of 12.16 and a beta of 0.77.

Independent Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Monday, July 1st were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Monday, July 1st. Independent Bank’s dividend payout ratio is 44.02%.

Institutional Investors Weigh In On Independent Bank

Several hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC purchased a new stake in shares of Independent Bank during the 1st quarter worth $47,000. Sachetta LLC purchased a new stake in shares of Independent Bank in the fourth quarter worth about $56,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Independent Bank during the 4th quarter worth approximately $217,000. SG Americas Securities LLC boosted its stake in shares of Independent Bank by 102.6% during the 1st quarter. SG Americas Securities LLC now owns 5,305 shares of the bank’s stock worth $276,000 after acquiring an additional 2,687 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Independent Bank by 215,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,304 shares of the bank’s stock worth $283,000 after acquiring an additional 4,302 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

About Independent Bank

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.