<div id="readability-page-1"><p>FJ Capital Management LLC boosted its stake in shares of  Independent Bank Corp. (NASDAQ:INDB - Free Report) by 26.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,320 shares of the bank's stock after acquiring an additional 135,751 shares during the period. Independent Bank accounts for about  4.3% of FJ Capital Management LLC's portfolio, making the stock its 5th biggest position. FJ Capital Management LLC owned about 1.30% of Independent Bank worth $40,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>3 Volatile Mid-Caps to Trade This Earnings Season</li></ul><p>Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of  Independent Bank by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,134,903 shares of the bank's stock worth $321,702,000 after purchasing an additional 116,820 shares in the last quarter.  Dimensional Fund Advisors LP lifted its position in  Independent Bank by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,339,253 shares of the bank's stock worth $146,554,000 after purchasing an additional 20,603 shares during the period.  Alliancebernstein L.P. grew its stake in  Independent Bank by 57.9% during the second quarter. Alliancebernstein L.P. now owns 1,703,144 shares of the bank's stock worth $107,102,000 after buying an additional 624,833 shares in the last quarter.  Geode Capital Management LLC increased its holdings in  Independent Bank by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,049,086 shares of the bank's stock valued at $65,980,000 after buying an additional 6,889 shares during the period.  Finally, Rockland Trust Co. increased its holdings in  Independent Bank by 21.1% in the 2nd quarter. Rockland Trust Co. now owns 731,272 shares of the bank's stock valued at $43,268,000 after buying an additional 127,332 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Independent Bank</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><p>A number of analysts have recently weighed in on INDB shares. Independent Research  set a $83.00 price target on shares of Independent Bank in a report on Tuesday, October 21st. Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Independent Bank in a research report on Wednesday, October 8th. Keefe, Bruyette &amp; Woods raised Independent Bank from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and raised their target price for the company from $80.00 to $83.00 in a report on Tuesday, October 21st. Finally, Zacks Research lowered Independent Bank from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, August 19th. One research analyst  has rated the stock with a Strong Buy rating, one  has given a Buy rating and three have assigned  a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $76.75.</p><p><b>Check Out Our Latest Report on Independent Bank</b></p><h2>Insider Activity</h2><p>In other news, Director Ken S. Ansin sold 53,000 shares of the business's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.06, for a total transaction of $3,660,180.00. Following the sale, the director directly owned 53,738 shares in the company, valued at approximately $3,711,146.28. The trade was a 49.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas R. Venables sold 405 shares of the firm's stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $73.93, for a total transaction of $29,941.65. Following the completion of the transaction, the director owned 20,557 shares of the company's stock, valued at approximately $1,519,779.01. This trade represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 200,405 shares of company stock valued at $13,971,482. 0.81% of the stock is currently owned by corporate insiders. </p><h2>Independent Bank Price Performance</h2><p>Shares of NASDAQ:INDB opened at $76.86 on Friday. Independent Bank Corp. has a one year low of $52.15 and a one year high of $77.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 18.70 and a beta of 0.81. The firm has a 50 day simple moving average of $69.86 and a 200 day simple moving average of $67.69. </p><p>Independent Bank (NASDAQ:INDB - Get Free Report) last posted its earnings results on Wednesday, February 12th. The bank reported $1.01 earnings per share for the quarter. Independent Bank had a net margin of 16.64% and a return on equity of 7.19%. The firm had revenue of $175.25 million for the quarter.  Research analysts predict that  Independent Bank Corp. will post 5.41 earnings per share for the current fiscal year. </p><h2>Independent Bank Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, December 29th. Independent Bank's dividend payout ratio (DPR) is presently 57.42%. </p><h2>Independent Bank Profile</h2> (Free Report)<p>Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Independent Bank</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>How to Short a Stock in 5 Easy Steps </li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li><li>Earnings Per Share Calculator: How to Calculate EPS</li><li>Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 Rally</li></ul><p><strong>Want to see what other hedge funds are holding INDB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Independent Bank Corp. (NASDAQ:INDB - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5EQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5EQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Independent Bank Right Now?</h2><p>Before you consider Independent Bank, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Independent Bank wasn't on the list.</p><p>While Independent Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

INDB

<p>FJ Capital Management LLC increased its stake in Independent Bank Corp. (NASDAQ:INDB) by 26.4% in Q2, owning 649,320 shares worth $40.83 million. This makes Independent Bank 4.3% of FJ Capital's portfolio. Other institutional investors like Vanguard, Dimensional Fund Advisors, and Alliancebernstein also increased their holdings. Analysts have mixed ratings on INDB, with a consensus rating of 'Moderate Buy' and an average target price of $76.75. Recent insider trading includes significant sales by Directors Ken S. Ansin and Thomas R. Venables.</p>

FJ Capital Management LLC Has $40.83 Million Holdings in Independent Bank Corp. $INDB