Independent Bank Corp. (NASDAQ:INDB) to Post Q2 2025 Earnings of $1.11 Per Share, Seaport Res Ptn Forecasts

Independent Bank Corp. (NASDAQ:INDB) – Stock analysts at Seaport Res Ptn lifted their Q2 2025 earnings per share estimates for shares of Independent Bank in a research report issued on Wednesday, May 1st. Seaport Res Ptn analyst L. Hunsicker now forecasts that the bank will post earnings per share of $1.11 for the quarter, up from their prior forecast of $1.10. The consensus estimate for Independent Bank’s current full-year earnings is $4.46 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.47 EPS.

Other equities analysts also recently issued reports about the stock. TheStreet downgraded shares of Independent Bank from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods cut their price target on shares of Independent Bank from $64.00 to $60.00 and set a “market perform” rating for the company in a report on Monday, April 22nd.

Independent Bank Trading Up 1.1 %

Shares of INDB stock opened at $51.92 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.36. Independent Bank has a twelve month low of $43.28 and a twelve month high of $68.75. The company’s 50-day moving average price is $50.65 and its 200-day moving average price is $55.09. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 10.02 and a beta of 0.84.

Hedge Funds Weigh In On Independent Bank

Large investors have recently made changes to their positions in the stock. Sachetta LLC purchased a new stake in Independent Bank in the fourth quarter valued at approximately $56,000. Covestor Ltd lifted its stake in Independent Bank by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,598 shares of the bank’s stock worth $128,000 after acquiring an additional 310 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Independent Bank during the 4th quarter worth about $217,000. TFO Wealth Partners LLC boosted its holdings in Independent Bank by 215,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,304 shares of the bank’s stock valued at $283,000 after acquiring an additional 4,302 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Independent Bank in the 4th quarter valued at about $290,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Independent Bank

In other Independent Bank news, Director Donna L. Abelli sold 800 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $52.83, for a total transaction of $42,264.00. Following the completion of the transaction, the director now owns 11,640 shares of the company’s stock, valued at $614,941.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Independent Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, April 1st were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.39%. This is an increase from Independent Bank’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 28th. Independent Bank’s dividend payout ratio (DPR) is presently 44.02%.

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.