Independent Bank Corp. (INDB) Stock Analysis

Q: What is the INDB stock price target?

Take-profit $80.16 (+2.2% upside). Target $80.16 (+2.2%), stop $74.70 (−5.0%), A.R:R -0.1:1.

Range Bound setup

HoldModerate ConfidenceUpdated 2026-05-01

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

$78.42+2.2% A.UpsideScore 6.4/10#19 of 142 Banks - Regional

Stop $74.70Target $80.16(resistance)A.R:R -0.1:1

Analyst target$89.83+14.6%6 analysts

$80.16our TP

$78.42price

$89.83mean

$97

Hold if already holding. Not a fresh buy at $78.42, 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: RSI 41 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 83d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

Thesis

Rewards

Strong earnings beat streak (3/4)

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)15.5

P/E (Fwd)9.4

Mkt Cap$3.8B

EV/EBITDA—

Profit Mgn27.5%

ROE7.3%

Rev Growth51.6%

Beta0.81

Dividend3.28%

Rating analysts11

Quality Signals

Piotroski F7/9

Options Flow

P/C1.50bearish

IV54%elevated

Max Pain$40-49.0% 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

Value7.715%1.16

Quality5.115%0.76

Growth10.015%1.50

Momentum4.610%0.46

Sentiment6.310%0.63

Insider Activity5.010%0.50

Peer Rank4.810%0.48

Technical Setup6.75%0.34

Risk Profile5.45%0.27

Catalyst6.65%0.33

Overall (Σ contributions)6.43

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

GatesA.R:R -0.1=NEGATIVEMomentum 4.6<5.5 (soft — BUY_NOW allowed but watch)Momentum 4.6>=4.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 83d clearSEMI CYCLE PEAK CLEARRange BoundSuitability: Aggressive

RSI

41 · Neutral

↓ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $76.40Resistance $81.80

Price Targets

$75

$80

A.Upside+2.2%

A.R:R-0.1:1

Position Sizing

ConvictionNone

Suggested %0.5%

Max %1%

RegimeSteady

Risk Alerts

! Target reached (-0.3% upside)

! Negative risk/reward — downside exceeds upside

Earnings

3/4 beats

Next Earnings2026-07-23 (83d)

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 $78.42, 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: RSI 41 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $80.16 (+2.2%), stop $74.70 (−5.0%), A.R:R -0.1:1. Score 6.4/10, moderate confidence.

What is the INDB stock price target?

Take-profit target: $80.16 (+2.2% upside). Target $80.16 (+2.2%), stop $74.70 (−5.0%), A.R:R -0.1:1. Stop-loss: $74.70.

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 15.5 (forward 9.4). TrendMatrix value score: 7.7/10. 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...