Seaport Res Ptn Comments on Independent Bank Corp.’s Q2 2025 Earnings (NASDAQ:INDB)

Independent Bank Corp. (NASDAQ:INDB) – Analysts at Seaport Res Ptn raised their Q2 2025 earnings estimates for shares of Independent Bank in a report issued on Wednesday, May 1st. Seaport Res Ptn analyst L. Hunsicker now expects that the bank will post earnings per share of $1.11 for the quarter, up from their previous estimate 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.

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Independent Bank from $64.00 to $60.00 and set a “market perform” rating on the stock in a report on Monday, April 22nd. TheStreet lowered Independent Bank from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Independent Bank Stock Up 1.1 %

INDB stock opened at $51.92 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of 10.02 and a beta of 0.84. Independent Bank has a 12 month low of $43.28 and a 12 month high of $68.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $50.65 and a 200 day simple moving average of $55.06.

Independent Bank Increases Dividend

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

Insider Buying and Selling

In other news, Director Donna L. Abelli sold 800 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $52.83, for a total value of $42,264.00. Following the completion of the sale, the director now owns 11,640 shares in the company, valued at $614,941.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Independent Bank

A number of hedge funds have recently made changes to their positions in the stock. Raymond James & Associates increased its stake in Independent Bank by 45.8% in the 3rd quarter. Raymond James & Associates now owns 109,149 shares of the bank’s stock valued at $5,358,000 after buying an additional 34,264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Independent Bank by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,969 shares of the bank’s stock worth $440,000 after acquiring an additional 1,988 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Independent Bank during the third quarter valued at $8,154,000. AlphaMark Advisors LLC purchased a new position in Independent Bank in the third quarter valued at about $218,000. Finally, Teacher Retirement System of Texas increased its position in Independent Bank by 19.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,430 shares of the bank’s stock worth $708,000 after purchasing an additional 2,377 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

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.