Director Cashes Out on Independent Bank Shares!

New insider activity at Independent Bank ( (INDB) ) has taken place on August 18, 2025.

Director Daniel Obrien recently sold 3,781 shares of Independent Bank stock, amounting to a total transaction value of $252,873.

Recent Updates on INDB stock

Independent Bank Corp. has recently reported its Q2 earnings, highlighting a mix of achievements and challenges. The company successfully exited its largest nonperforming loan, reducing nonperforming assets by 35% from the previous quarter, and announced a $150 million stock buyback, reflecting confidence in its financial position. Growth was noted in commercial and industrial loans and wealth management assets, alongside an improved tangible book value. The completion of the Enterprise Bank acquisition is expected to enhance shareholder value and expand market reach. However, increased expenses, unresolved office loans, and a high CRE concentration pose challenges. Economic uncertainty also presents a potential risk to future growth. Keefe Bruyette raised the price target for Independent Bank, citing strong capital and core Q2 results aligning with consensus as key reasons.

Spark’s Take on INDB Stock

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

Independent Bank’s overall stock score reflects its strong financial performance and strategic initiatives, such as the Enterprise acquisition and stock buyback, which bolster its market position. While technical indicators suggest a neutral trend, the valuation remains attractive with a reasonable P/E ratio and solid dividend yield. The earnings call provided a balanced view with positive achievements and some challenges, contributing to a stable outlook.

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

More about Independent Bank

YTD Price Performance: 4.89%

Average Trading Volume: 396,162

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.29B