Barclays has initiated coverage on Independent Bank Corp (Massachusetts) (INDB) with an Equal-Weight rating. This marks the firm's first assessment of the bank's investment potential, reflecting its analysis of the company's business dynamics and growth prospects.
Headquartered in Rockland, Massachusetts, Independent Bank Corp operates as a bank holding company. The institution employs 1,837 full-time staff and offers a wide range of banking, investment, and insurance services across retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire. Its commercial and consumer loan portfolios serve both residents and businesses in the area.
As of December 16, 2025, INDB's stock price stands at $77.76, with a market capitalization of $3.8 billion. The company's Price-to-Earnings (P/E) ratio is 21.34, and it boasts an impressive dividend yield of 304.2%.
Upcoming earnings reports are scheduled for July 15, 2026, with an estimated EPS of $1.84 and revenue of $258.9 million, following an earlier report on April 15, 2026, expected to show an EPS of $1.71 and revenue of $253.2 million.
Analyst ratings can provide valuable insights, but they are based on assumptions that may not always materialize. Investors should consider various factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information becomes available, highlighting the importance of a comprehensive approach to investment strategy.