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Upturn AI Summary - About
Independent Bank(INDB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for INDB
11/12/2026: INDB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Independent Bank Corp. is a established regional banking institution known for its Rockland Trust brand and community-focused approach in New England. The bank benefits from a loyal deposit base and disciplined credit management, which have historically supported steady earnings. Its primary growth opportunity lies in expanding its wealth management services and utilizing digital tools to improve efficiency. However, it faces risks from geographic concentration, interest rate fluctuations, and intensifying competition from both large national banks and digital challengers. This stock may best suit value and dividend-oriented investors seeking regional banking exposure, provided they monitor the firm's execution on digital modernization and the impact of the regional economy.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers stable growth but is not a high-growth tech or emerging market stock. |
| Momentum investor | Weak fit | Regional banking stocks typically lack the high-volatility, high-upside characteristics sought by pure momentum traders. |
| Value investor | Strong fit | The stock often trades at valuation multiples consistent with traditional regional bank metrics, appealing to value-oriented investors. |
| Dividend investor | Strong fit | The company's history of consistent dividend payments makes it suitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While established, the stock is subject to industry-wide interest rate risk and regional economic cyclicality. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock price is susceptible to interest rate shifts and broader banking sector sentiment. |
| Valuation risk | Low | Valuations are generally tied to stable fundamental metrics like book value and earnings. |
| Competition risk (banking) | Medium / high | Regional banks face pressure from both national giants and nimble digital competitors. |
| Business quality | Strong | The bank maintains a solid reputation and a loyal, stable customer base in its core geography. |
| Dividend income | Strong | The company has maintained a reliable dividend payout, supporting income-seeking investors. |
| Execution risk | Medium | Successful growth depends on managing credit quality and integration of any future acquisitions. |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.92B USD | Price to earnings Ratio 12.46 | 1Y Target Price 94.57 |
Price to earnings Ratio 12.46 | 1Y Target Price 94.57 | ||
Volume (30-day avg) 434.2K shares | Beta 0.75 | 52 Weeks Range 64.09 - 88.58 | Updated Date 11/12/2026 |
52 Weeks Range 64.09 - 88.58 | Updated Date 11/12/2026 | ||
Dividends yield (FY) 2.96% | Basic EPS (TTM) 6.79 |
Sector & Industry Intelligence
Sector
Financial Services
Constructive- Sentiment
- Bullish
- Momentum
- BUY Breadth Improving
- BUY participation
- 50.4%
- Active BUY / eligible
- 61 / 121
- 30-Day BUY Count Change
- +45
- Market state
- Bullish
More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.
Industry
Banks - Regional
- BUY participation
- 53.8%
- Active BUY / eligible
- 21 / 39
- 30-Day BUY Count Change
- +20
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 14.83% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/12/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Interest earned on commercial and retail loans minus interest paid on deposits. | The bank makes money on the spread between what it charges for loans and pays for deposits. |
| Fee-Based Services | Wealth management fees, deposit service charges, and treasury management fees. | The bank generates steady income from services, reducing reliance purely on interest rate spreads. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-15 | When After Market | Estimate 1.84 | Actual 1.9 |
Profitability
Profit Margin 32.72% | Operating Margin (TTM) 47.89% |
Management Effectiveness
Return on Assets (TTM) 1.31% | Return on Equity (TTM) 9.34% |
Valuation
Trailing PE 12.46 | Forward PE 9.71 | Enterprise Value 3.93B | Price to Sales(TTM) 3.93 |
Enterprise Value 3.93B | Price to Sales(TTM) 3.93 | ||
Enterprise Value to Revenue 4.5 | Enterprise Value to EBITDA - | Shares Outstanding 46.34M | Shares Floating 45.75M |
Shares Outstanding 46.34M | Shares Floating 45.75M | ||
Percent Insiders 1.68 | Percent Institutions 88.59 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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