Independent Bank (INDB) fair value analysis
Nasdaq · Updated 2026-10-19
INDB price how computed
Forward Fair Value verdict
UndervaluedINDB is trading at a 10–25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $79.88
- Sector
- Financial Services
- 12-month range
- $66.46–$87.17
- Market cap
- $3.78B
- From 52-week high
- -8.4%
- Shares outstanding
- 47.4M
- Rank in Financial Services by discount to fair value
- #34 of 167
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
Independent Bank Corp. is a bank holding company that provides retail and commercial banking services through its subsidiary, Rockland Trust. The company operates primarily in Massachusetts and Rhode Island, serving customers through a network of banking centers in New England.
INDB currently ranks #34 of 167 Financial Services stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $3.78B
- P/E (trailing)
- 12x
- Revenue (TTM)
- $1.25B
- Net margin
- 21.6%
- EPS (TTM)
- $6.63
- Gross margin
- 72.9%
- Debt / equity
- 0.20
- Revenue growth (3-yr avg)
- 7.8%
- Shares outstanding
- 47.4M
Derived indicators how computed
- Quality grade
- B
- Margin trend
- Expanding
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 50 · neutral
- 50-day average
- $81.49
- 200-day average
- $80.24
- Moving-average state
- 50-day above 200-day (golden cross state); price between the averages
Dividends how computed
- Paid, last 12 months
- $2.51 per share (4 payments)
- Yield on last price
- 3.14%
- Consecutive years of increases
- 15
- Last ex-dividend date
- 2026-09-28
- Last payment date
- 2026-10-09
Earnings how computed
- Last 8 quarters vs consensus
- 5 beat, 3 missed
- Quarter by quarter
- 2026-06 ▼ miss (-4.0%)
2026-03 ▲ beat (+1.2%)
2025-12 ▲ beat (+3.0%)
2025-09 ▲ beat (+0.6%)
2025-06 ▲ beat (+3.3%)
2025-03 ▼ miss (-9.4%)
2024-12 ▲ beat (+4.3%)
2024-09 ▼ miss (-1.9%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 5 buy · 1 hold · 1 sell (7 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $93.4
- Target vs last price
- +16.9%
What our data shows for INDB
- Our model validated 17 trailing price-to-earnings windows for INDB, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $66.46–$87.17.
- The 14-day relative strength index sits at a neutral 50.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for INDB
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent INDB news
TickrTrends' derived news-sentiment signal for INDB is currently leaning positive, computed from recent coverage.
- USCB Financial Holdings, Inc. Declares Quarterly Cash Dividend on Common Stock (manilatimes.net, 2026-10-19)
TickrTrends take: USCB Financial Holdings, Inc. announced a quarterly cash dividend on its common stock, which reflects ongoing capital management decisions by the company. Given TickrTrends' current assessment of INDB as undervalued within the Financial Services sector, dividend-paying capacity can signal financial health and cash generation strength that may support the undervaluation thesis. Investors focusing on valuation metrics should monitor whether the company's dividend sustainability and payout ratio remain consistent with its earnings trajectory and competitive positioning in the banking sector. - Independent Bank Corp (INDB) Shares Surge 3.6% -- What GF Score of 78 Tells Investors (gurufocus.com, 2026-10-17)
TickrTrends take: Independent Bank Corp operates in the Financial Services sector and currently trades at a valuation that TickrTrends classifies as undervalued. The recent share movement coincided with a GF Score of 78, which represents a relatively strong fundamental assessment that may warrant attention from value-oriented investors monitoring the stock's discount to intrinsic worth. For readers focused on valuation metrics, the combination of an undervalued classification with a solid fundamentals score suggests the company merits closer examination of its balance sheet and earnings quality relative to its current market price. - Independent Bank Corp (INDB) Q3 2026 Earnings Call Highlights: Record Profitability, Solid Loan Growth, and a Path to 4% Margin (gurufocus.com, 2026-10-17)
TickrTrends take: Independent Bank Corp achieved record profitability in Q3 2026 while maintaining solid loan growth, metrics that typically support higher valuation multiples in the Financial Services sector. Given TickrTrends' current undervalued assessment, investors tracking this stock should monitor whether management can sustain the progress toward a 4% margin, as margin expansion at this scale could narrow any valuation discount over time. The combination of record earnings and loan growth creates a potential catalyst for valuation reassessment if these trends persist into future quarters.
More INDB news
- Independent Bank: Shrugging Off A Tough Macro Environment, For Now (NASDAQ:INDB) (seekingalpha.com, 2026-10-16)
- Is Independent Bank Corp (INDB) Undervalued After Q3 Earnings Beat? EPS: $1.90, Revenue: $89.7 Million - GF Score: 78/100 (gurufocus.com, 2026-10-15)
- Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics (zacks.com, 2026-10-15)
- Independent Bank Corp. (INDB) Beats Q3 Earnings and Revenue Estimates (zacks.com, 2026-10-15)
- Unlocking Q3 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics (zacks.com, 2026-10-12)
- Independent Bank Corp. (INDB) Reports Next Week: Wall Street Expects Earnings Growth (zacks.com, 2026-10-08)
- USCB Financial Holdings, Inc. to Announce Third Quarter 2026 Results (manilatimes.net, 2026-10-06)
What people are saying
Follow the INDB conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-05 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — INDB's sector discount rank declined from number 31 to number 37 this week, indicating it has become less attractively valued relative to other Financial Services companies. Despite this shift in relative valuation positioning, INDB remains classified as undervalued according to TickrTrends' current valuation verdict.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is INDB stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), INDB is trading at a 10–25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is INDB's TickrTrends verdict?
INDB's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does INDB compare to other Financial Services stocks?
INDB ranks #34 of 167 Financial Services stocks in TickrTrends' coverage by discount to fair value.
Is INDB overbought or oversold?
INDB's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does INDB pay a dividend?
Yes. INDB paid $2.51 per share over the last twelve months (4 payments), a 3.14% yield on TickrTrends' last price, and has raised the annual total for 15 consecutive years. The last ex-dividend date was 2026-09-28.
Does INDB usually beat earnings estimates?
Over its last 8 reported quarters INDB beat the consensus estimate 5 times and missed 3 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about INDB?
Of 7 analysts covering INDB, 5 rate it a buy, 1 a hold and 1 a sell - buy-leaning, with a consensus price target of $93.4 (+16.9% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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