Independent Bank Corp. (INDB) Stock Analysis

Q: What is the INDB stock price target?

Take-profit $78.15 (+1.4% upside). Target $78.15 (+1.1%), stop $73.40 (−5.3%), A.R:R 0.3:1.

Q: Is INDB overvalued or undervalued?

Independent Bank Corp. trades at a P/E of 15.3 (forward 9.2). TrendMatrix value score: 7.9/10. Overall verdict: Hold.

Q: What do analysts say about INDB?

11 analysts cover INDB with a consensus score of 3.9/5. Average price target: $90.

HoldModerate ConfidenceUpdated 2026-04-30

Financial Services · Banks - Regional

Independent Bank Corp. holds Rockland Trust, a Massachusetts community bank with 150+ retail branches in Eastern Massachusetts, Worcester County, southern NH, and RI. Total assets were $24.9B and deposits $20.1B at year-end 2025, serving small-to-upper middle market businesses... Read more

$77.30+1.4% A.UpsideScore 6.5/10#14 of 142 Banks - Regional

Stop $73.40Target $78.15(analyst − 13%)A.R:R 0.3:1

Analyst target$89.83+16.2%6 analysts

$78.15our TP

$77.30price

$89.83mean

$97

Hold if already holding. Not a fresh buy at $77.30, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Massachusetts and New England; Concentration risk — Loan Portfolio: commercial loans (77.2%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Score 6.5/10, moderate confidence.

Passes 5/7 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 84d clear, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

Thesis

Rewards

Strong earnings beat streak (4/4)

Attractive valuation

Strong growth profile

Risks

Concentration risk — Geographic: Massachusetts and New England

Concentration risk — Loan Portfolio: commercial loans (77.2%)

Analyst target reached - limited upside remaining

Key Metrics

P/E (TTM)15.3

P/E (Fwd)9.2

Mkt Cap$3.7B

EV/EBITDA—

Profit Mgn27.5%

ROE7.3%

Rev Growth51.6%

Beta0.81

Dividend3.32%

Rating analysts11

Quality Signals

Piotroski F7/9

Options Flow

P/C1.50bearish

IV49%normal

Max Pain$40-48.3% vs spot

Concentration Risks(10-K Item 1A)

HIGHGeographicMassachusetts and New England
10-K Item 1A: 'Substantially all of the loans the Company originates are secured by properties located in, or are made to businesses that operate in, Massachusetts and the broader New England area.'
HIGHloan_portfoliocommercial loans77%
10-K Item 1A: '77.2% of the Company's loan portfolio consisted of commercial loans.'

Material Events(8-K, last 90d)

2026-04-13Item 5.02LOW
Director Mary L. Lentz retired from Board effective April 11, 2026 upon reaching age 72 per governance principles. No disagreement cited.
SEC filing →
2026-03-13Item 5.02LOW
Director Scott Smith voluntarily chose not to stand for re-election at May 14, 2026 Annual Shareholder Meeting. Not due to any disagreement with company cited.
SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 ceiling hit

Overall = weighted sum of the 10 dimension scores. Fundamentals (Value/Quality/Growth) carry 45%; market signals (Momentum/Sentiment/Insider/Peer) carry 40%; structure (Technical/Risk/Catalyst) carries 15%.

DimensionScoreWeightContribution

Value7.915%1.19

Quality5.115%0.76

Growth10.015%1.50

Momentum4.410%0.44

Sentiment6.410%0.64

Insider Activity5.010%0.50

Peer Rank4.810%0.48

Technical Setup7.65%0.38

Risk Profile5.55%0.28

Catalyst6.75%0.34

Overall (Σ contributions)6.50

Small float-rounding may cause last-digit differences between this sum and the displayed Overall.

GatesMomentum 4.4<4.5A.R:R 0.3 < 1.5@spotInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 84d clearSEMI CYCLE PEAK CLEARSuitability: Aggressive

RSI

37 · Neutral

↓ 20D MA↓ 50D MA↑ 200D MAGOLDEN CROSSSupport $74.71Resistance $81.80

Price Targets

$73

$78

A.Upside+1.1%

A.R:R0.3:1

Position Sizing

ConvictionNone

Suggested %0.5%

Max %1%

RegimeSteady

Risk Alerts

! Target reached (1.4% upside)

! Momentum score 4.4/10 — below 4.5 minimum

! Reward/Risk 0.3:1 at current price — below 1.5:1 minimum

Earnings

4/4 beats

Next Earnings2026-07-23 (84d)

Verdict History

reverse chrono — latest first

Loading history...

Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.

Frequently Asked Questions

Is INDB stock a buy right now?

Hold if already holding. Not a fresh buy at $77.30, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Massachusetts and New England; Concentration risk — Loan Portfolio: commercial loans (77.2%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Target $78.15 (+1.1%), stop $73.40 (−5.3%), A.R:R 0.3:1. Score 6.5/10, moderate confidence.

What is the INDB stock price target?

Take-profit target: $78.15 (+1.4% upside). Target $78.15 (+1.1%), stop $73.40 (−5.3%), A.R:R 0.3:1. Stop-loss: $73.40.

What are the risks of investing in INDB?

Concentration risk — Geographic: Massachusetts and New England; Concentration risk — Loan Portfolio: commercial loans (77.2%); Analyst target reached - limited upside remaining.

Is INDB overvalued or undervalued?

Independent Bank Corp. trades at a P/E of 15.3 (forward 9.2). TrendMatrix value score: 7.9/10. Verdict: Hold.

What do analysts say about INDB?

11 analysts cover INDB with a consensus score of 3.9/5. Average price target: $90.

What does Independent Bank Corp. do?Independent Bank Corp. holds Rockland Trust, a Massachusetts community bank with 150+ retail branches in Eastern...