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Independent Bank Corp. (INDB)

Financial Services | Banks - Regional | Rockland, United States | NasdaqGS
77.08 USD +1.04 (1.368%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★★★☆Dividends:★★★★☆
Hot Take ↕ | Oct. 10, 2026, 9:01 a.m. EDT

The most compelling signal here is the massive valuation disconnect between the current price and the analyst consensus. While the stock trades below its fifty-day and two-hundred-day moving averages, creating a headwind for immediate momentum, the forward price-to-earnings ratio of 9.35 is exceptionally cheap for a company reporting 41% revenue growth. This suggests the market is pricing in temporary distress rather than permanent damage, offering a high-conviction entry for patient capital. The long-term outlook remains robust, supported by a fortress balance sheet with net cash on hand and a consistent track record of raising dividends, though the return on equity falls short of the elite tier required for a top-tier buy. For income investors, the 3.27% yield is secure and growing, making this a solid hold despite the recent technical weakness.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.034346
AutoARIMA0.034928
MSTL0.036465
AutoTheta0.056890

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 52%
H-stat 19.64
Ljung-Box p 0.000
Jarque-Bera p 0.193
Excess Kurtosis 0.08
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-27
Last Dividend Date 2026-09-27
Revenue per Share 20.626
Market Cap 3,651,210,240
Trailing P/E 13.81
Forward P/E 9.35
Profit Margins 32.72%
Website https://www.rocklandtrust.com

As of Oct. 10, 2026, 9:01 a.m. EDT: Speculators are positioning for a range-bound to moderately bullish outcome in the medium term, evidenced by the highest open interest in February 2027 calls at the 90 strike. Near-term expiration dates carry elevated implied volatility, suggesting anticipation of earnings-related turbulence or macro uncertainty, while put buying at the 80 strike for November 2026 indicates a defensive floor expectation.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.80% 3.23% 3.63% 3.44%
Dividend History
Date Dividend Yield %
2026-09-28 0.640000 0.804627
2026-06-29 0.640000 0.767294
2026-03-30 0.640000 0.869802
2025-12-29 0.590000 0.789932
2025-09-29 0.590000 0.849654
2025-06-30 0.590000 0.938146
2025-03-31 0.590000 0.941740
2024-12-30 0.570000 0.889097
2024-09-30 0.570000 0.963978
2024-07-01 0.570000 1.151748
2024-03-28 0.570000 1.095732
2023-12-22 0.550000 0.833839
2023-09-29 0.550000 1.120391
2023-06-23 0.550000 1.211187
2023-03-24 0.550000 0.810015
2022-12-23 0.550000 0.648585
2022-09-23 0.510000 0.656793
2022-06-24 0.510000 0.644917
2022-03-25 0.510000 0.598381
2021-12-23 0.480000 0.601278
2021-09-24 0.480000 0.649351
2021-06-25 0.480000 0.611699
2021-03-26 0.480000 0.551471
2020-12-24 0.460000 0.621874
2020-09-25 0.460000 0.917797
2020-06-26 0.460000 0.747724
2020-03-27 0.460000 0.732484
2019-12-27 0.440000 0.525185
2019-09-27 0.440000 0.586276
2019-06-28 0.440000 0.577807
2019-03-22 0.440000 0.591398
2018-12-28 0.380000 0.545428
2018-09-28 0.380000 0.460048
2018-06-29 0.380000 0.484694
2018-03-23 0.380000 0.547550
2017-12-22 0.320000 0.447240
2017-09-29 0.320000 0.428667
2017-09-22 0.320000 0.442600
2017-06-22 0.320000 0.502749
2017-03-23 0.320000 0.525883
2016-12-21 0.290000 0.416368
2016-09-22 0.290000 0.540037
2016-06-23 0.290000 0.611943
2016-03-23 0.290000 0.631396
2015-12-23 0.260000 0.550847
2015-09-24 0.260000 0.572687
2015-06-25 0.260000 0.541667
2015-03-26 0.260000 0.599493
2014-12-24 0.240000 0.570478
2014-09-25 0.240000 0.666482
2014-06-26 0.240000 0.629261
2014-03-27 0.240000 0.619675
2013-12-26 0.220000 0.560938
2013-09-26 0.220000 0.615385
2013-06-27 0.220000 0.640466
2013-03-27 0.220000 0.674226
2012-12-20 0.210000 0.715990
2012-09-27 0.210000 0.689655
2012-06-28 0.210000 0.744681
2012-03-22 0.210000 0.753498
2011-12-21 0.190000 0.692168
2011-09-22 0.190000 0.910834
2011-06-23 0.190000 0.730769
2011-03-24 0.190000 0.731332
2010-12-22 0.180000 0.649116
2010-09-23 0.180000 0.824176
2010-06-24 0.180000 0.724930
2010-03-25 0.180000 0.710059
2009-12-23 0.180000 0.857551
2009-09-24 0.180000 0.797166
2009-06-25 0.180000 0.926402
2009-03-26 0.180000 1.171113
2008-12-24 0.180000 0.742574
2008-09-25 0.180000 0.607903
2008-06-26 0.180000 0.729631
2008-03-27 0.180000 0.600801
2007-12-20 0.170000 0.616165
2007-09-21 0.170000 0.543131
2007-06-22 0.170000 0.577054
2007-03-22 0.170000 0.515620
2006-12-21 0.160000 0.456621
2006-09-26 0.160000 0.481493
2006-06-22 0.160000 0.526316
2006-03-23 0.160000 0.512000
2005-12-21 0.150000 0.526131
2005-09-22 0.150000 0.510725
2005-06-23 0.150000 0.552079
2005-03-22 0.150000 0.527612
2004-12-29 0.140000 0.413712
2004-09-22 0.140000 0.463576
2004-06-23 0.140000 0.500894
2004-03-24 0.140000 0.482759
2003-12-23 0.130000 0.442177
2003-09-24 0.130000 0.487805
2003-06-25 0.130000 0.562041
2003-03-26 0.130000 0.638193
2002-12-24 0.120000 0.494845
2002-09-25 0.120000 0.592593
2002-06-26 0.120000 0.522421
2002-03-26 0.120000 0.480769
2001-12-26 0.110000 0.539216
2001-09-26 0.110000 0.679012
2001-06-27 0.110000 0.568475
2001-03-28 0.110000 0.800000
2000-12-27 0.100000 0.816327
2000-09-27 0.100000 0.812183
2000-06-28 0.100000 0.963855
2000-03-29 0.100000 0.851064
1999-12-29 0.100000 0.800000
1999-09-22 0.100000 0.758294
1999-06-23 0.100000 0.661157
1999-03-24 0.100000 0.714286
1998-12-22 0.100000 0.575540
1998-09-23 0.100000 0.606061
1998-06-24 0.100000 0.519481
1998-03-25 0.100000 0.526316
1997-12-23 0.090000 0.503497
1997-09-24 0.090000 0.620690
1997-06-25 0.080000 0.615385
1997-03-25 0.080000 0.727273
1996-12-24 0.070000 0.746667
1996-09-25 0.060000 0.690647
1996-06-26 0.060000 0.800000
1996-03-27 0.060000 0.786885
1995-12-27 0.050000 0.701754
1995-09-27 0.050000 0.701754
1995-06-21 0.040000 0.561404
1995-03-20 0.040000 0.603774
1994-12-19 0.040000 0.761905
1994-10-07 0.030000 0.533333
1990-03-15 0.090000 1.285714
1989-12-18 0.090000 1.028571
1989-09-14 0.090000 0.900000
1989-06-14 0.080000 0.680851
1989-03-14 0.080000 0.695652
1988-12-16 0.080000 0.761905
1988-08-16 0.080000 0.727273
1988-05-17 0.070000 0.583333
1988-02-16 0.070000 0.538462
1987-12-16 0.067000 0.623256
1987-11-23 0.053000 0.460870
1987-08-18 0.053333 0.374267
1987-05-19 0.046667 0.325584
1987-02-18 0.046667 0.321841
1986-12-18 0.060000 0.382979
Additional Data
dividendYield 3.32
exDividendDate 2026-09-28
trailingAnnualDividendRate 0.59
trailingAnnualDividendYield 0.0077590737
lastDividendValue 0.64
lastDividendDate 2026-09-28
dividendDate 2026-10-09

Info Dump

Attribute Value
52 Week Change 0.19708025
Address1 288 Union Street
All Time High 99.85
All Time Low 1.0
Ask 98.32
Ask Size 2
Audit Risk 4
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 549,710
Average Daily Volume3 Month 380,355
Average Volume 380,355
Average Volume10Days 549,710
Bid 54.8
Bid Size 2
Board Risk 1
Book Value 73.097
City Rockland
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 77.08
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 77.54
Day Low 76.15
Display Name Independent Bank
Dividend Date 1,791,504,000
Dividend Yield 3.32
Earnings Call Timestamp End 1,792,159,200
Earnings Call Timestamp Start 1,792,159,200
Earnings Growth 1.769
Earnings Quarterly Growth 1.619
Earnings Timestamp 1,792,094,400
Earnings Timestamp End 1,792,094,400
Earnings Timestamp Start 1,792,094,400
Ebitda Margins 0.0
Enterprise To Revenue 3.607
Enterprise Value 3,603,315,200
Eps Current Year 7.25
Eps Forward 8.23986
Eps Trailing Twelve Months 5.58
Esg Populated 0
Ex Dividend Date 1,790,553,600
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 81.5738
Fifty Day Average Change -4.4937973
Fifty Day Average Change Percent -0.055088732
Fifty Two Week Change Percent 19.708025
Fifty Two Week High 87.5
Fifty Two Week High Change -10.419998
Fifty Two Week High Change Percent -0.11908569
Fifty Two Week Low 63.33
Fifty Two Week Low Change 13.75
Fifty Two Week Low Change Percent 0.21711668
Fifty Two Week Range 63.33 - 87.5
Financial Currency USD
First Trade Date Milliseconds 516,461,400,000
Five Year Avg Dividend Yield 3.13
Float Shares 46,629,065
Forward Eps 8.23986
Forward P E 9.354528
Full Exchange Name NasdaqGS
Full Time Employees 2,294
Fullday Change 1.5599976
Fullday Change Percent 2.0515485
Fullday Price 77.08
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.0
Gross Profits 998,916,992
Has Pre Post Market Data 1
Held Percent Insiders 0.01648
Held Percent Institutions 0.87268996
Implied Shares Outstanding 47,369,099
Industry Banks - Regional
Industry Disp Banks - Regional
Industry Key banks-regional
Ir Website http://www.rocklandtrust.com/about-us/investor-relations.aspx
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,790,553,600
Last Dividend Value 0.64
Last Fiscal Year End 1,767,139,200
Last Split Date 560,044,800
Last Split Factor 3:2
Long Business Summary 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 services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Long Name Independent Bank Corp.
Market us_market
Market Cap 3,651,210,240
Market State PRE
Max Age 86,400
Message Board Id finmb_279639
Most Recent Quarter 1,790,726,400
Net Income To Common 326,840,992
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,779,580,409
Number Of Analyst Opinions 7
Open 76.82
Operating Margins 0.49243
Overall Risk 3
Payout Ratio 0.4409
Peg Ratio 11.0
Phone 781 878 6100
Previous Close 76.04
Price Eps Current Year 10.631724
Price Hint 2
Price To Book 1.0544893
Price To Sales Trailing12 Months 3.6551688
Profit Margins 0.32720003
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.85714
Region US
Regular Market Change 1.04
Regular Market Change Percent 1.3677
Regular Market Day High 77.54
Regular Market Day Low 76.15
Regular Market Day Range 76.15 - 77.54
Regular Market Open 76.82
Regular Market Previous Close 76.04
Regular Market Price 77.08
Regular Market Time 1,792,094,401
Regular Market Volume 649,699
Return On Assets 0.01307
Return On Equity 0.093389995
Revenue Growth 0.245
Revenue Per Share 20.626
Sand P52 Week Change 0.16207206
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 6
Shares Outstanding 47,369,099
Shares Percent Shares Out 0.0448
Shares Short 2,119,942
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 2,043,200
Short Name Independent Bank Corp.
Short Percent Of Float 0.060500003
Short Ratio 6.05
Source Interval 15
State MA
Symbol INDB
Target High Price 100.0
Target Low Price 82.0
Target Mean Price 93.42857
Target Median Price 96.0
Total Cash 664,276,992
Total Cash Per Share 14.065
Total Debt 627,153,984
Total Revenue 998,916,992
Tradeable 0
Trailing Annual Dividend Rate 0.59
Trailing Annual Dividend Yield 0.0077590737
Trailing Eps 5.58
Trailing P E 13.813621
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 80.21225
Two Hundred Day Average Change -3.132248
Two Hundred Day Average Change Percent -0.039049495
Type Disp Equity
Volume 649,699
Website https://www.rocklandtrust.com
Zip 2,370