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INDB
$77.45-0.54 (-0.69%)
Independent Bank Corp.
Historical Price
Price (Candle)
50-Day SMA
200-Day SMA
Whystock Brain
The Narrative
Independent Bank Corp. in the Financial Services sector is trading at $77.45. The stock is currently 11% below its 52-week high of $87.00, remaining 7.0% above its 200-day moving average. Technical signals show neutral RSI of 36 and bearish MACD signal, explaining why INDB maintains its current momentum and trend strength. The Whystock Score of 80/100 reflects a high-conviction bullish alignment.
Ecosystem Influences
Neutral momentum (RSI 36) — price action in range
Long-term trend bullish (Price vs 200-day SMA)
Macro-economic sensitivity to interest rate and inflation shifts
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Peer Comparison
JPMBACGS
Whystock Valuation Model
Whystock fair value is estimated using a trailing P/E model adjusted for return on equity: Fair P/E = 18 + (ROE × 20). Fair Value = (Current Price ÷ Trailing P/E) × Fair P/E. A base P/E of 18 represents a typical market multiple, scaled upward for companies that earn high returns on equity. The result is a theoretical "normalised" price — not a price target or investment advice. Large deviations are common for high-growth or loss-making companies.
Current Price$77.45
Potential Upside
22.5%
Whystock Fair Value$94.89
Price
UndervaluedFair ValueOvervalued
Simplified model based on P/E and ROE. Not a substitute for full valuation analysis. Data may be delayed. See our Terms.
Analyst Consensus6 analysts
Buy
Mean target$89.83+16.0%
Range$82.00 – $97.00
Fundamentals
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, mon...
Market Cap
Total dollar market value of a company's outstanding shares of stock (Price * Shares).
$3.80B
P/E Ratio
Priced for growth. Investors expect sustained double-digit expansion.
15.55
Beta
Defensive asset. Lower volatility than the S&P 500.
0.81
Div Yield
Strong income play. Yield provides a meaningful total return floor.
327.00%
ROE
Average efficiency. Growth may require heavy reinvestment.
5.29%
Volume
Today's trading volume
268,818
Recent News
Independent Bank Shareholders Reelect Directors, Approve Pay Votes, Hear 2025 Earnings Update at AGM
Independent Bank (NASDAQ:IBCP) held its 2026 annual meeting of shareholders virtually, with Chairman of the Board Steve Gulis presiding and reviewing the matters submitted for shareholder approval. The meeting included votes on director elections, auditor ratification, and advisory proposals related
What Independent Bank (INDB)'s Stronger Q1 Earnings and Buybacks Mean For Shareholders
Independent Bank Corp. recently reported first-quarter 2026 results, with net interest income rising to US$212.46 million and net income to US$79.92 million, while basic and diluted earnings per share from continuing operations each reached US$1.63. The bank also saw a sharp reduction in total net charge-offs to US$4.82 million and completed a US$124.15 million share repurchase program, underlining both improved credit outcomes and continued capital return to shareholders. Against this...
Independent Bank Corporation Q1 2026 Earnings Call Summary
Moby summary of Independent Bank Corporation's Q1 2026 earnings call
Independent Bank Q1 Earnings Call Highlights
Independent Bank (NASDAQ:IBCP) reported higher first-quarter 2026 earnings, pointing to modest net interest margin expansion, growth in core deposits and commercial loans, and what management described as continued sound credit quality. First-quarter results and key balance sheet trends President a
IBCP Q1 2026 Earnings Transcript
Independent Bank Corporation reported first quarter 2026 net income of $16.9 million or $0.81 per diluted share versus net income of $15.6 million or $0.74 per diluted share in the prior year period. Highlights for our first quarter include a net interest margin of 3.65%, which is a 3 basis point increase on a linked-quarter basis; an increase in net interest income of $500,000 or 1.1% over the fourth quarter of 2025; an increase in tangible common equity per share of common stock at $0.33 or 5.9% annualized from December 31, 2025; a return on average assets and return on average equity of 1.24% and 13.43%, respectively; net growth in total deposits was brokered time deposits of $80.4 million or 6.9% annualized from December 31, 2025; net growth in loans of $31.8 million or 3% annualized from December 31, 2025; an increase in tangible common equity ratio to 8.7%; and finally, the payment of a $0.28 per share quarterly dividend on our common stock on February 13, 2026.