INDB
BULLISH
$79.62
Live
Independent Bank Corp. · NASDAQ
Target $90.0
(+13.0%)
$52.15
52W Range
$87.0
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 12, 2026
Market cap
$3.9B
P/E
17.93
ROE
6.3%
Profit margin
25.9%
Debt/Equity
N/A
Dividend yield
3.22%
AI Analysis
AI-powered fundamental assessment
Confidence
75%
INDB presents a compelling value opportunity, trading below both its Graham Number ($85.05) and its growth-based intrinsic value ($130.98). While the Piotroski F-Score of 4/9 indicates only stable financial health, the company is exhibiting explosive growth with YoY revenue increases of 47.10% and strong earnings momentum. Despite bearish technical trends and minimal insider buying, the low Price-to-Book ratio (1.10) and a significant drop in forward P/E (9.58) suggest the market is underpricing its growth trajectory.
Key Strengths
Exceptional revenue growth (47.10% YoY)
Attractive valuation with P/B ratio of 1.10
Strong forward P/E compression (9.58 vs 17.93 trailing)
Trading below defensive fair value (Graham Number $85.05)
Consistent long-term earnings track record with recent Q/Q EPS growth of 120.3%
Key Risks
Low Return on Equity (ROE) of 6.25% compared to high growth
Bearish technical trend (10/100) suggesting short-term price weakness
Bearish insider sentiment with net selling activity
Moderate Piotroski F-Score (4/9) indicating room for balance sheet improvement
Regional bank sector exposure to interest rate volatility
AI Fair Value Estimate
Based on comprehensive analysis
$108.02
+35.7% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
73
Strong
85
90
80
50
60
AI Verdict
Strong Value/Growth Hybrid
Key drivers: Revenue Growth, P/B Valuation, Forward Earnings Potential
Confidence
80%
Value
85/100
Ref P/E 17.93, Forward P/E 9.58, Graham Number $85.05
Positives
- Price < Graham Number
- Low P/B ratio
- Low Forward P/E
Watchpoints
- P/S ratio is relatively high at 4.92
Future
90/100
Ref Growth rates
Positives
- 47.10% YoY Revenue Growth
- 50.60% Q/Q Earnings Growth
Watchpoints
- Sustainability of hyper-growth in regional banking
Past
80/100
Ref Historical trends
Positives
- 51.6% 1Y price return
- Consistent earnings beats over 25 quarters
Watchpoints
- Recent technical trend reversal
Health
50/100
Ref Piotroski F-Score
Positives
- Stable Piotroski score
Watchpoints
- Piotroski F-Score 4/9 is only mediocre
- Low ROE (6.25%)
Dividend
60/100
Ref Yield, Payout
Positives
- Sustainable payout ratio (53.15%)
- Consistent yield (3.22%)
Watchpoints
- Dividend strength score is only 50/100
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$79.62
Analyst Target
$90.0
Upside/Downside
+13.0%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for INDB and closest competitors.
Updated 2026-04-10
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
INDB
Independent Bank Corp.
Primary
|
+12.6% | +41.6% | +51.6% | +23.6% | +6.6% | +3.7% |
|
AGO
Assured Guaranty Ltd.
Peer
|
+143.2% | +41.2% | -8.7% | -1.1% | -8.4% | -2.1% |
|
BHF
Brighthouse Financial, Inc.
Peer
|
+62.1% | +18.8% | +26.1% | +27.7% | -1.0% | +0.1% |
|
BANF
BancFirst Corporation
Peer
|
+88.2% | +37.7% | -9.1% | -13.6% | -0.6% | -3.8% |
|
INTR
Inter & Co, Inc.
Peer
|
+143.9% | +342.0% | +64.3% | -1.4% | -4.3% | +4.8% |
IND
Independent Bank Corp.
Primary
5Y
+12.6%
3Y
+41.6%
1Y
+51.6%
6M
+23.6%
1M
+6.6%
1W
+3.7%
AGO
Assured Guaranty Ltd.
Peer
5Y
+143.2%
3Y
+41.2%
1Y
-8.7%
6M
-1.1%
1M
-8.4%
1W
-2.1%
BHF
Brighthouse Financial, Inc.
Peer
5Y
+62.1%
3Y
+18.8%
1Y
+26.1%
6M
+27.7%
1M
-1.0%
1W
+0.1%
BAN
BancFirst Corporation
Peer
5Y
+88.2%
3Y
+37.7%
1Y
-9.1%
6M
-13.6%
1M
-0.6%
1W
-3.8%
INT
Inter & Co, Inc.
Peer
5Y
+143.9%
3Y
+342.0%
1Y
+64.3%
6M
-1.4%
1M
-4.3%
1W
+4.8%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
17.93
Forward P/E
9.58
PEG Ratio
N/A
P/B Ratio
1.1
P/S Ratio
4.92
EV/Revenue
5.12
EV/EBITDA
N/A
Market Cap
$3.9B
Profitability
Profit margins and return metrics
Profit Margin
25.9%
Operating Margin
47.46%
Gross Margin
N/A
ROE
6.25%
ROA
0.93%
Growth
Revenue and earnings growth rates
Revenue Growth
+47.1%
Earnings Growth
+29.2%
Q/Q Revenue Growth
+40.32%
Q/Q Earnings Growth
+50.6%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$16.46
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.2B
Net Margin
30.7%
Total Assets
$24.9B
Liabilities
$21.3B
Equity
$3.6B
Debt/Equity
5.99x
Operating CF
$0.1B
CapEx
$-0.0B
Free Cash Flow
$0.1B
FCF Yield
96%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-16
$N/A
2026-01-22
$1.52
-3.3% surprise
2025-10-16
$0.69
+29.6% surprise
2025-07-17
$1.25
+3.3% surprise
Financial Services Sector Comparison
Comparing INDB against 362 companies in the Financial Services sector
(63 bullish, 158 neutral, 141 bearish)
P/E Ratio
17.93
This Stock
vs
52.08
Sector Avg
-65.6%
(Discount)
Return on Equity (ROE)
6.25%
This Stock
vs
-0.05%
Sector Avg
-12066.1%
(Below Avg)
Profit Margin
25.9%
This Stock
vs
66.07%
Sector Avg
-60.8%
(Weaker)
Revenue Growth
47.1%
This Stock
vs
43.38%
Sector Avg
+8.6%
(Growing)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
INDB
Independent Bank Corp.
|
BULLISH | $3.9B | 17.93 | 6.3% | 25.9% | $79.62 | |
|
AGO
Assured Guaranty Ltd.
|
NEUTRAL | $3.96B | 10.36 | 7.4% | 44.1% | $83.26 | Compare |
|
BHF
Brighthouse Financial, Inc.
|
BEARISH | $3.67B | 4.52 | 16.2% | 12.3% | $64.11 | Compare |
|
BANF
BancFirst Corporation
|
NEUTRAL | $3.64B | 16.66 | 14.1% | 35.6% | $108.47 | Compare |
|
INTR
Inter & Co, Inc.
|
NEUTRAL | $3.62B | 14.16 | 14.4% | 21.9% | $8.21 | Compare |
INDB
Independent Bank Corp.
BULLISH
Mkt Cap
$3.9B
P/E
17.9
ROE
6.3%
Price
$79.62
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-12 | RUGGIERO MARK J | Chief Financial Officer | Stock Award | 1,706 | - |
| 2026-03-12 | HARRIS MARIA S | Officer | Stock Award | 784 | - |
| 2026-03-12 | RIZZO JAMES T. | Officer | Stock Award | 738 | - |
| 2026-03-12 | O'MALLEY KATHRYN | Officer | Stock Award | 692 | - |
| 2026-03-12 | TENGEL JEFFREY J | Chief Executive Officer | Stock Award | 4,656 | - |
| 2026-03-12 | NADEAU GERARD F | Director | Stock Award | 1,337 | - |
| 2026-02-27 | RUGGIERO MARK J | Officer | Stock Award | 1,049 | $82,669 |
| 2026-02-27 | POWLUS LEE C | Officer | Stock Award | 504 | $39,719 |
| 2026-02-19 | RUGGIERO MARK J | Officer | Stock Award | 3,300 | - |
| 2026-02-19 | HARRIS MARIA S | Officer | Stock Award | 2,150 | - |
| 2026-02-19 | O'NEILL TAMINA | Officer | Stock Award | 2,300 | - |
| 2026-02-19 | GAFFNEY MAUREEN A | Officer | Stock Award | 1,350 | - |
| 2026-02-19 | NATALE PATRICIA M | General Counsel | Stock Award | 2,350 | - |
| 2026-02-19 | RIZZO JAMES T. | Officer | Stock Award | 2,300 | - |
| 2026-02-19 | O'MALLEY KATHRYN | Officer | Stock Award | 2,050 | - |
RUGGIERO MARK J
Chief Financial Officer
2026-03-12
1,706 shares
HARRIS MARIA S
Officer
2026-03-12
784 shares
RIZZO JAMES T.
Officer
2026-03-12
738 shares
O'MALLEY KATHRYN
Officer
2026-03-12
692 shares
TENGEL JEFFREY J
Chief Executive Officer
2026-03-12
4,656 shares
NADEAU GERARD F
Director
2026-03-12
1,337 shares
RUGGIERO MARK J
Officer
2026-02-27
1,049 shares
·
$82,669
POWLUS LEE C
Officer
2026-02-27
504 shares
·
$39,719
RUGGIERO MARK J
Officer
2026-02-19
3,300 shares
HARRIS MARIA S
Officer
2026-02-19
2,150 shares
O'NEILL TAMINA
Officer
2026-02-19
2,300 shares
GAFFNEY MAUREEN A
Officer
2026-02-19
1,350 shares
NATALE PATRICIA M
General Counsel
2026-02-19
2,350 shares
RIZZO JAMES T.
Officer
2026-02-19
2,300 shares
O'MALLEY KATHRYN
Officer
2026-02-19
2,050 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
5 analysts
Barclays
2026-04-07
Underweight
Underweight
Barclays
2026-02-02
Equal-Weight
Underweight
Barclays
2025-12-17
Equal-Weight
Keefe, Bruyette & Woods
2025-10-21
Market Perform
Outperform
Past News Coverage
Recent headlines mentioning INDB from our newsroom.
Newest → oldest
No matching news yet.