Independent Bank Receives Approval for Enterprise Acquisition

Independent Bank ( (INDB) ) has shared an update.

On June 4, 2025, Independent Bank Corp. and Enterprise Bancorp, Inc. announced the receipt of all regulatory approvals for Independent’s acquisition of Enterprise. The transaction is expected to be completed on July 1, 2025, pending customary closing conditions. This acquisition marks a significant milestone for both companies, emphasizing their shared values and commitment to community-oriented banking, which is expected to enhance opportunities and support for their customers and communities.

The most recent analyst rating on (INDB) stock is a Hold with a $72.00 price target. To see the full list of analyst forecasts on Independent Bank stock, see the INDB Stock Forecast page.

Spark’s Take on INDB Stock

According to Spark, TipRanks’ AI Analyst, INDB is a Outperform.

Independent Bank displays strong financial performance, particularly with revenue growth and a solid balance sheet. The technical analysis shows some cautionary signals, but the valuation remains reasonable. The recent earnings call highlighted strategic progress despite some challenges, and corporate events positively contribute to the growth outlook. Overall, the stock is positioned for potential growth, but investors should monitor economic conditions and credit costs.

To see Spark’s full report on INDB stock, click here.

More about Independent Bank

Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts, offering a wide range of banking, investment, and insurance services. Enterprise Bancorp, Inc. operates through Enterprise Bank, focusing on attracting deposits and investing in commercial loans and investment securities, with a market area in Massachusetts and New Hampshire.

Average Trading Volume: 338,094

Technical Sentiment Signal: Buy

Current Market Cap: $2.59B

See more data about INDB stock on TipRanks’ Stock Analysis page.