Independent Bank Corp. (NASDAQ:INDB) Stock Rated “Moderate Buy” by Wall Street Brokerages

Posted by Brenda Bartman on Sep 25th, 2026

Independent Bank Corp. (NASDAQ:INDB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $91.86.

Several brokerages have issued reports on INDB. Weiss Ratings restated a “buy (b)” rating on shares of Independent Bank in a research report on Wednesday, August 5th. Piper Sandler increased their price target on Independent Bank from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, Keefe, Bruyette & Woods decreased their price target on Independent Bank from $99.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 20th.

Check Out Our Latest Stock Analysis on Independent Bank

Insiders Place Their Bets

In related news, Director Gerard F. Nadeau sold 5,307 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $84.69, for a total value of $449,449.83. Following the transaction, the director owned 16,907 shares of the company’s stock, valued at $1,431,853.83. This trade represents a 23.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas R. Venables sold 3,750 shares of Independent Bank stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $83.00, for a total transaction of $311,250.00. Following the sale, the director owned 17,649 shares of the company’s stock, valued at $1,464,867. The trade was a 17.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Independent Bank

A number of hedge funds have recently added to or reduced their stakes in INDB. Ballast Advisors LLC bought a new stake in shares of Independent Bank during the first quarter valued at approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Independent Bank in the second quarter worth approximately $48,000. EverSource Wealth Advisors LLC increased its holdings in Independent Bank by 26.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 705 shares of the bank’s stock worth $52,000 after purchasing an additional 146 shares during the period. Motiv8 Investments LLC purchased a new position in Independent Bank during the 4th quarter worth $54,000. Finally, Rockefeller Capital Management L.P. raised its position in Independent Bank by 76.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 836 shares of the bank’s stock valued at $61,000 after purchasing an additional 362 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Independent Bank Stock Up 0.6%

NASDAQ INDB opened at $80.24 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $83.57 and a two-hundred day moving average of $80.73. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.48 and a beta of 0.76. Independent Bank has a 52 week low of $63.33 and a 52 week high of $87.50.

Independent Bank (NASDAQ:INDB – Get Free Report) last announced its earnings results on Thursday, July 16th. The bank reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $253.32 million during the quarter, compared to analysts’ expectations of $257.50 million. Independent Bank had a net margin of 20.31% and a return on equity of 9.19%. On average, analysts predict that Independent Bank will post 7.11 earnings per share for the current year.

Independent Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, September 28th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, September 28th. Independent Bank’s dividend payout ratio (DPR) is 46.21%.

About Independent Bank

(Get Free Report)

Independent Bank Corp. is a bank holding company headquartered in Rockland, Massachusetts. Its principal subsidiary, Rockland Trust Company, provides banking and financial services to individuals, families, businesses and institutions.

Rockland Trust offers a range of consumer and commercial banking products, including checking and savings accounts, residential and commercial lending, mortgages, home equity financing, business loans, cash-management services and online and mobile banking.