INDEPENDENT BANK|MA ($INDB) posted quarterly earnings results on Thursday, October 16th. The company reported earnings of $1.55 per share, missing estimates of $1.57 by $0.02. The company also reported revenue of $243,740,000, missing estimates of $247,629,480 by $-3,889,480.
You can see Quiver Quantitative's $INDB stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
INDEPENDENT BANK|MA Insider Trading Activity
INDEPENDENT BANK|MA insiders have traded $INDB stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $INDB stock by insiders over the last 6 months:
- KEN S ANSIN has made 0 purchases and 2 sales selling 50,000 shares for an estimated $3,497,110.
- GERARD F NADEAU has made 0 purchases and 2 sales selling 5,000 shares for an estimated $332,272.
- DANIEL F OBRIEN sold 3,781 shares for an estimated $252,875
- THOMAS R VENABLES sold 1,000 shares for an estimated $64,515
- EILEEN C MISKELL sold 938 shares for an estimated $61,612
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
INDEPENDENT BANK|MA Hedge Fund Activity
We have seen 136 institutional investors add shares of INDEPENDENT BANK|MA stock to their portfolio, and 119 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLIANCEBERNSTEIN L.P. added 624,833 shares (+57.9%) to their portfolio in Q2 2025, for an estimated $39,292,623
- REINHART PARTNERS, LLC. added 507,696 shares (+inf%) to their portfolio in Q2 2025, for an estimated $31,926,462
- FIRST TRUST ADVISORS LP added 289,590 shares (+78.7%) to their portfolio in Q2 2025, for an estimated $18,210,867
- BASSWOOD CAPITAL MANAGEMENT, L.L.C. added 177,243 shares (+126.5%) to their portfolio in Q2 2025, for an estimated $11,145,926
- MILLENNIUM MANAGEMENT LLC added 151,979 shares (+983.2%) to their portfolio in Q2 2025, for an estimated $9,557,199
- FJ CAPITAL MANAGEMENT LLC added 135,751 shares (+26.4%) to their portfolio in Q2 2025, for an estimated $8,536,701
- VERITION FUND MANAGEMENT LLC added 132,188 shares (+19.7%) to their portfolio in Q2 2025, for an estimated $8,312,642
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
INDEPENDENT BANK|MA Price Targets
Multiple analysts have issued price targets for $INDB recently. We have seen 2 analysts offer price targets for $INDB in the last 6 months, with a median target of $67.5.
Here are some recent targets:
- Christopher O'Connell from Keefe, Bruyette & Woods set a target price of $72.0 on 04/21/2025
- Mark Fitzgibbon from Piper Sandler set a target price of $63.0 on 04/21/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
