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INDB Stock Forecast: Independent Bank Corp. (Massachusetts) Price Predictions for 2026-2027

Last close, 23 Oct 2026
$84
+0.35% on the day

The 7 Wall Street analysts covering Independent Bank Corp. (Massachusetts) hold a median 12-month price target of $96 — +14.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 80 of 100 as at 24 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$4.0B
Ticker Nerd rank
80/ 100
Median analyst target
$96
Analysts covering
7
Revenue$250.9M+39.5% y/y
Net income$81.8M
Free cash flow$67.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+4.8%
1M
+5.8%
YTD
+17.3%
1Y
+26.8%
From 52W high
−3.2%
From 52W low
+30.0%
$64
$86
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

INDB stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Independent Bank Corp. (Massachusetts) on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 24 Oct 2026
80/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Growth
97
Issuance
82
Revisions
77
Momentum
74
Quality
56
Accruals
55
Volatility
49
Value
41
Size
26

Growth (97): Sales and profits are climbing, and climbing faster than before.

Value (41): The shares cost a lot relative to the profits and assets behind them.

Size (26): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

INDB stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on INDB, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$60$70$80$90$100$110Jan 26Apr 26Jul 26Oct 26INDBHigh $103Median $96Low $82

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says7 analysts
5 Buy1 Hold1 Sell
Low $82Median $96High $103

The green dot is the last close — the median target sits +14.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 2 moved it down.

DateFirmActionRatingTarget
20 July 2026Keefe, Bruyette & WoodsMaintainsOutperform$99 → $96
26 June 2026Piper SandlerMaintainsNeutral$84 → $90
26 June 2026Piper SandlerMaintainsNeutral—
15 May 2026Hovde GroupInitiatesOutperform—
20 Apr 2026Keefe, Bruyette & WoodsMaintainsOutperform—
16 Apr 2026Stephens & Co.InitiatesOverweight—
7 Apr 2026BarclaysMaintainsUnderweight—
16 Mar 2026Piper SandlerAssumesNeutral$86 → $84
2 Feb 2026BarclaysDowngradeUnderweight—
17 Dec 2025BarclaysInitiatesEqual-Weight—
21 Oct 2025Keefe, Bruyette & WoodsUpgradeOutperform—
21 Apr 2025Keefe, Bruyette & WoodsMaintainsMarket Perform—
21 Apr 2025Piper SandlerMaintainsNeutral—
21 Jan 2025Keefe, Bruyette & WoodsMaintainsMarket Perform—
21 Jan 2025Raymond JamesReiteratesStrong Buy—
12 Dec 2024Keefe, Bruyette & WoodsMaintainsMarket Perform—
4 Dec 2024Keefe, Bruyette & WoodsMaintainsMarket Perform—
21 Oct 2024Keefe, Bruyette & WoodsMaintainsMarket Perform—
21 Oct 2024Raymond JamesUpgradeStrong Buy—
22 July 2024Seaport GlobalUpgradeBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

INDB appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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Performance

INDB vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 23 Oct 2026, Independent Bank Corp. (Massachusetts) returned +26.8% against +14.3% for the S&P 500, dividends included.

INDB vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130Jan 26Apr 26Jul 26Oct 26INDBS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

INDB analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−0.2%
Analysts raising
1
Analysts cutting
2
Fundamentals

Independent Bank Corp. (Massachusetts) (INDB) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
12.3×

Cheaper than 52% of US stocks

Price / sales
4.0×

Cheaper than 30% of US stocks

Price / book
1.1×

Cheaper than 66% of US stocks

EV / EBITDA
—
Growth & margins
Revenue growth (YoY)
24.5%

Higher than 74% of US stocks

Earnings growth (YoY)
161.9%

Higher than 88% of US stocks

Gross margin
—
Operating margin
50.1%

Higher than 96% of US stocks

Net margin
32.7%

Higher than 91% of US stocks

Returns & dividend
Return on equity
9.3%

Higher than 62% of US stocks

Return on assets
1.3%

Higher than 53% of US stocks

Dividend yield
3.1%

Higher than 87% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Independent Bank Corp. (Massachusetts) (INDB) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Independent Bank Corp. (Massachusetts) has a market value of $4.0B and an enterprise value of $3.9B.

  • Revenue in the twelve months to 30 June 2026: $990.4M. The latest quarter grew 24.5% year on year.

  • Net income over the same four quarters: $271.4M, a 27.4% net margin.

  • Diluted earnings per share, trailing twelve months: $5.54.

  • Free cash flow in the twelve months to 30 June 2026: $303.8M.

  • Independent Bank Corp. (Massachusetts) spent $114.7M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 47.5M.

  • Trailing P/E: 12.3×; forward P/E: 10.0× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.06%, paying out 44% of earnings.

  • Independent Bank Corp. (Massachusetts) employs 2,294 people — $432K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 24 Oct 2026

Data provided by Twelve Data

Peers

INDB vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelBanks - Regional
CompanyMarket capTKN rank
INDBIndependent Bank Corp. (Massachusetts)$4.0B80
CVBFCVB Financial Corp.$4.0B42
WSFSWSFS Financial Corp.$4.2B85
RNSTRenasant Corp.$3.9B54
IBOCInternational Bancshares Corp.$4.2B59
FBPFirst BanCorp (Puerto Rico)$4.3B90
FLGFlagstar Bank NA$4.3B27

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Independent Bank Corp. (Massachusetts) — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest INDB news & analysis

Independent Bank: Shrugging Off A Tough Macro Environment, For Now

Seeking Alpha · 16 Oct 2026positive

Independent Bank Corp. reported record Q3 profitability, with net income of $89.7 million and EPS of $1.90, while net interest margin expanded to 3.89% and net interest income rose $9.7 million sequentially. Loan and deposit growth remained positive, although nonperforming loans increased to 0.68% of total loans.

Why it matters — The results show stronger earnings and margins alongside continued growth, while the rise in nonperforming loans highlights softer asset quality.

Independent Bank Corp. (INDB) Q3 2026 Earnings Call Transcript

Seeking Alpha · 16 Oct 2026neutral

Independent Bank Corp. held its third-quarter 2026 earnings call on October 16, 2026, with CEO Jeffrey Tengel and CFO Mark Ruggiero participating. The excerpt provides the call’s participants and opening, but no financial results or discussion details.

Why it matters — INDB watchers can note the timing and participants of the quarterly call, though this excerpt contains no information about the company’s performance.

Independent Bank Q3 Earnings Call Highlights

MarketBeat · 16 Oct 2026positive

Independent Bank reported third-quarter 2026 net income of $89.7 million, or $1.90 per diluted share. Loan and deposit growth, a stable core net interest margin, and disciplined expenses supported record earnings per share.

Why it matters — INDB watchers may note the reported growth and stable margin alongside record earnings per share.

Independent Bank: Stronger Profits Are Outrunning The Credit Concerns

Seeking Alpha · 16 Oct 2026neutral

Independent Bank Corp. reported Q3 EPS of $1.90, above expectations, as profitability improved. Credit quality weakened, with rising delinquencies and troubled office loans.

Why it matters — INDB watchers may weigh stronger earnings against signs of deterioration in credit quality.

Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics

Zacks Investment Research · 15 Oct 2026neutral

Zacks Investment Research says Independent Bank Corp.’s Q3 revenue and EPS provide a view of performance for the quarter ended September 2026, and highlights comparing key metrics with Wall Street estimates and year-ago figures.

Why it matters — These comparisons offer INDB watchers additional context for assessing the quarter beyond headline revenue and EPS.

FAQ

Frequently asked questions about INDB stock

What is the INDB stock price forecast for 2026-2027?

The 7 Wall Street analysts covering Independent Bank Corp. (Massachusetts) have a median 12-month price target of $96, with estimates ranging from $82 to $103. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is INDB stock a buy right now?

Of the 7 analysts covering Independent Bank Corp. (Massachusetts), 5 rate it a Buy, 1 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Independent Bank Corp. (Massachusetts) 80 out of 100 across roughly 4,600 US stocks as at 24 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank INDB?

As at 24 Oct 2026, Independent Bank Corp. (Massachusetts) ranks 80 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (97 of 100).

Will INDB stock go up?

No one can know that. What the data says: the median 12-month target from 7 analysts implies +14.7% from the last close, and Ticker Nerd's factor model ranks Independent Bank Corp. (Massachusetts) 80 out of 100 as at 24 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the INDB stock forecast for 2030?

No analyst covering Independent Bank Corp. (Massachusetts) publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for INDB are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $82 to $103 over the next 12 months.

How has INDB stock performed over the past year?

Independent Bank Corp. (Massachusetts) returned +26.8% over the 12 months to 23 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Independent Bank Corp. (Massachusetts) do?

Independent Bank Corp. is a bank holding company that operates through Rockland Trust Company, providing commercial banking, retail banking, and wealth management services.

What is the latest news on INDB?

The most recent item we track (Seeking Alpha, 16 Oct 2026): "Independent Bank: Shrugging Off A Tough Macro Environment, For Now". Independent Bank Corp. reported record Q3 profitability, with net income of $89.7 million and EPS of $1.90, while net interest margin expanded to 3.89% and net interest income rose $9.7 million sequentially. Loan and deposit growth remained positive, although nonperforming loans increased to 0.68% of total loans.

Company

About Independent Bank Corp. (Massachusetts).

Independent Bank Corp. is a bank holding company that operates through Rockland Trust Company, providing commercial banking, retail banking, and wealth management services. The company serves individuals, small and medium-sized businesses, and commercial clients with a broad mix of deposit products, lending solutions, and cash management services. Its offerings include checking and savings accounts, money market accounts, time deposits, residential mortgages, commercial real estate loans, construction financing, and business credit facilities. Independent Bank Corp. also supports clients through trust, investment, and insurance-related services, making it a diversified regional financial services provider. Headquartered in Rockland, Massachusetts, the company plays an important role in serving local communities and businesses across its operating markets.

CEO Mr. Jeffrey J. Tengel · 2,294 employees · United States · https://www.rocklandtrust.com