What is Seaport Res Ptn’s Estimate for INDB Q1 Earnings?

Independent Bank Corp. (NASDAQ:INDB) – Analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for Independent Bank in a research report issued to clients and investors on Monday, December 9th. Seaport Res Ptn analyst L. Hunsicker now expects that the bank will post earnings per share of $1.24 for the quarter, up from their prior forecast of $1.22. The consensus estimate for Independent Bank’s current full-year earnings is $4.50 per share. Seaport Res Ptn also issued estimates for Independent Bank’s Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.35 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $5.44 EPS.

A number of other research firms have also recently issued reports on INDB. Raymond James upgraded shares of Independent Bank from a “market perform” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a research report on Monday, October 21st. Keefe, Bruyette & Woods upped their price target on shares of Independent Bank from $65.00 to $77.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded Independent Bank from a “hold” rating to a “sell” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Independent Bank currently has a consensus rating of “Moderate Buy” and an average price target of $75.50.

Independent Bank Stock Performance

Independent Bank stock opened at $71.39 on Wednesday. The stock has a market cap of $3.03 billion, a PE ratio of 15.52 and a beta of 0.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.22. Independent Bank has a 12-month low of $45.11 and a 12-month high of $77.23. The business’s 50-day moving average price is $67.06 and its two-hundred day moving average price is $59.82.

Independent Bank (NASDAQ:INDB) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. Independent Bank had a return on equity of 6.74% and a net margin of 20.26%. The company had revenue of $250.07 million for the quarter, compared to analyst estimates of $173.24 million. During the same quarter last year, the company posted $1.38 EPS.

Independent Bank Dividend Announcement

The firm also recently announced 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. This represents a $2.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, September 30th. Independent Bank’s payout ratio is 49.57%.

Hedge Funds Weigh In On Independent Bank

Several large investors have recently modified their holdings of INDB. Dimensional Fund Advisors LP grew its stake in shares of Independent Bank by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,157,917 shares of the bank’s stock worth $109,443,000 after purchasing an additional 186,680 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Independent Bank by 25.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,701,156 shares of the bank’s stock worth $86,283,000 after buying an additional 342,201 shares during the period. Geode Capital Management LLC grew its position in shares of Independent Bank by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,017,400 shares of the bank’s stock valued at $60,170,000 after buying an additional 8,987 shares during the last quarter. Rockland Trust Co. increased its stake in shares of Independent Bank by 14.3% in the second quarter. Rockland Trust Co. now owns 737,477 shares of the bank’s stock valued at $37,405,000 after buying an additional 92,438 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Independent Bank by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 523,659 shares of the bank’s stock worth $30,964,000 after acquiring an additional 22,919 shares during the last quarter. 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.