Independent Bank Corp.
INDB Mid CapFinancial Services · Banks - Regional
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
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. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit serv
Independent Bank Corp. Stock at a Glance
Independent Bank Corp. (INDB) is currently trading at $83.27 with a market capitalization of $4B. The trailing P/E ratio stands at 16.55x, with a forward P/E of 9.97x. The 52-week range spans from $57.01 to $87.00; the current price is 4.3% below the yearly high. Year-over-year revenue growth stands at +51.6%. The net profit margin stands at 27.46%.
💰 Dividend
Independent Bank Corp. pays an annual dividend of $2.56 per share, representing a yield of 3.07%. The payout ratio stands at 47.91%.
📊 Analyst Rating
7 analysts rate Independent Bank Corp. (INDB) on consensus: None. The average price target is $90.57, implying +8.77% from the current price. Analyst price targets range from $82.00 to $97.00.
Independent Bank Corp.: The Investment Case in Detail
Independent Bank Corp. (INDB) operates in the Financial Services — specifically Banks - Regional — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Top-line momentum is unusually strong with revenue expanding 51.6% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.
Valuation in Context
At a PEG of 11, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.
What to Watch Next
- The forward P/E of 9.97x is meaningfully below the trailing 16.55x — analysts expect earnings to step up; the next earnings release is the test.
- The dividend yield near 3.07% combined with a payout ratio of 47.91% leaves room for further hikes — a track record of consecutive raises is a strong income signal.
Investment Thesis: Strengths & Weaknesses
- Strong revenue growth of 51.6% YoY
- Profitable with 27.46% net margin
- Currently flagged as undervalued
- Solid dividend yield of 3.07%
No significant red flags in current metrics.
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to relatively defensive market behavior, elevated short interest (5.97%).
Trading Data
💵 Dividend Info
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