Seaport Res Ptn Issues Optimistic Outlook for INDB Earnings

Independent Bank Corp. (NASDAQ:INDB) – Investment analysts at Seaport Res Ptn raised their Q3 2025 earnings per share estimates for shares of Independent Bank in a research note issued on Monday, October 21st. Seaport Res Ptn analyst L. Hunsicker now anticipates that the bank will post earnings of $1.34 per share for the quarter, up from their prior estimate of $1.31. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Independent Bank’s current full-year earnings is $4.49 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $5.26 EPS.

Independent Bank (NASDAQ:INDB) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The company had revenue of $250.07 million during the quarter, compared to analyst estimates of $173.24 million. Independent Bank had a net margin of 22.42% and a return on equity of 7.41%. During the same quarter in the prior year, the business earned $1.38 earnings per share.

Several other equities research analysts also recently weighed in on the company. Raymond James raised Independent Bank from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Monday. StockNews.com cut Independent Bank from a “hold” rating to a “sell” rating in a report on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Independent Bank from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Independent Bank Stock Up 0.1 %

Shares of Independent Bank stock opened at $62.80 on Wednesday. The company has a fifty day moving average price of $60.62 and a 200 day moving average price of $55.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Independent Bank has a twelve month low of $44.63 and a twelve month high of $68.75. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 12.12 and a beta of 0.74.

Institutional Trading of Independent Bank

Institutional investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its stake in Independent Bank by 2.3% during the third quarter. GHP Investment Advisors Inc. now owns 32,222 shares of the bank’s stock valued at $1,905,000 after buying an additional 713 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Independent Bank by 5.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 24,552 shares of the bank’s stock worth $1,452,000 after purchasing an additional 1,316 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in Independent Bank by 39.8% in the third quarter. Moody Aldrich Partners LLC now owns 133,538 shares of the bank’s stock worth $7,896,000 after purchasing an additional 38,014 shares during the period. Eastern Bank increased its stake in Independent Bank by 454.7% during the third quarter. Eastern Bank now owns 23,237 shares of the bank’s stock valued at $1,374,000 after purchasing an additional 19,048 shares during the last quarter. Finally, Stablepoint Partners LLC raised its holdings in shares of Independent Bank by 1.2% during the third quarter. Stablepoint Partners LLC now owns 23,033 shares of the bank’s stock worth $1,362,000 after purchasing an additional 283 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Independent Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 30th were issued a dividend of $0.57 per share. The ex-dividend date was Monday, September 30th. This represents a $2.28 annualized dividend and a yield of 3.63%. Independent Bank’s dividend payout ratio is presently 44.02%.

Independent Bank Company Profile

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.