INDBFinancial Services · Banks - RegionalThe 7 Wall Street analysts covering Independent Bank Corp. (Massachusetts) hold a median 12-month price target of $96 — +19.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 38 of 100 as at 2 Oct 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Growth (96): Sales and profits are climbing, and climbing faster than before.
Accruals (14): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on INDB, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +19.9% from it.
Of the 20 most recent actions, 1 moved their price target up and 2 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 20 July 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | $99 → $96 |
| 26 June 2026 | Piper Sandler | Maintains | Neutral | $84 → $90 |
| 26 June 2026 | Piper Sandler | Maintains | Neutral | — |
| 15 May 2026 | Hovde Group | Initiates | Outperform | — |
| 20 Apr 2026 | Keefe, Bruyette & Woods | Maintains | Outperform | — |
| 16 Apr 2026 | Stephens & Co. | Initiates | Overweight | — |
| 7 Apr 2026 | Barclays | Maintains | Underweight | — |
| 16 Mar 2026 | Piper Sandler | Assumes | Neutral | $86 → $84 |
| 2 Feb 2026 | Barclays | Downgrade | Underweight | — |
| 17 Dec 2025 | Barclays | Initiates | Equal-Weight | — |
| 21 Oct 2025 | Keefe, Bruyette & Woods | Upgrade | Outperform | — |
| 21 Apr 2025 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 21 Apr 2025 | Piper Sandler | Maintains | Neutral | — |
| 21 Jan 2025 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 21 Jan 2025 | Raymond James | Reiterates | Strong Buy | — |
| 12 Dec 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 4 Dec 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 21 Oct 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 21 Oct 2024 | Raymond James | Upgrade | Strong Buy | — |
| 22 July 2024 | Seaport Global | Upgrade | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. INDB appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 2 Oct 2026, Independent Bank Corp. (Massachusetts) returned +19.9% against +16.2% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 46% of US stocks
Cheaper than 30% of US stocks
Cheaper than 69% of US stocks
Higher than 83% of US stocks
Higher than 78% of US stocks
Higher than 95% of US stocks
Higher than 88% of US stocks
Higher than 59% of US stocks
Higher than 52% of US stocks
Higher than 65% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $3.8B and an enterprise value of $3.5B.
Revenue in the twelve months to 30 June 2026: $990.4M. The latest quarter grew 41.5% 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.
Trailing P/E: 14.5×; forward P/E: 9.6× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 3.20%, paying out 44% of earnings.
Independent Bank Corp. (Massachusetts) employs 2,294 people — $432K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers, covering companies that changed their dividends and those with upcoming ex-dividend dates for the week of October 4.
Why it matters — INDB watchers may find relevant dividend-change and ex-dividend information for the bank if it is included in these dividend trackers.
The article reports that four dividend stocks face converging dividend cutoff deadlines this week, with missing the ex-dividend date by even one trading session postponing the next payment by a full quarter. It advises investors to check balance sheet details on these names before buying.
Why it matters — While it does not mention Independent Bank Corp, dividend-paying bank shareholders may note the general emphasis on monitoring dividend cutoff dates and balance-sheet health.
Independent Bank Corp., the parent company of Rockland Trust Company, announced a quarterly dividend of $0.64 per share. The dividend is payable on October 9, 2026, to stockholders of record as of the close of business on September 28, 2026.
Why it matters — The declaration confirms the company's ongoing return of capital to shareholders through its regular quarterly dividend.
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 $100. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
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) 38 out of 100 across roughly 4,600 US stocks as at 2 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 2 Oct 2026, Independent Bank Corp. (Massachusetts) ranks 38 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 (96 of 100).
No one can know that. What the data says: the median 12-month target from 7 analysts implies +19.9% from the last close, and Ticker Nerd's factor model ranks Independent Bank Corp. (Massachusetts) 38 out of 100 as at 2 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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 $100 over the next 12 months.
Independent Bank Corp. (Massachusetts) returned +19.9% over the 12 months to 2 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Independent Bank Corp. is a bank holding company that operates through Rockland Trust Company, providing commercial banking, retail banking, and wealth management services.
The most recent item we track (Seeking Alpha, 2 Oct 2026): "Dividend Champion, Contender, And Challenger Highlights: Week October 4". A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers, covering companies that changed their dividends and those with upcoming ex-dividend dates for the week of October 4.
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
