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Independent Bank (INDB, Community & regional banks) Stock Valuation & Fair Value Mixed on our tests

Independent Bank (INDB, Community & regional banks) trades at a current P/E of 11.3, about 26% below its historical normal valuation, with a forward growth estimate of 15.2% and a PEG of 0.74. Analysts' one-year estimates have been hit 55% of the time. Priced at its historical normal P/E of 15.3 on the same blended earnings, the 2026-10-09 close of $77.02 corresponds to about $105 a share. This is a valuation reference, not a price target.

No quality score is published for this company, which is normal for insurers, banks and REITs. This rating reflects valuation and forecast return, and for the top ratings, credit rating, growth and analyst accuracy.

Current P/E
11.3
Normal P/E
15.3
PEG
0.74
Fwd growth
15.2%
Div yield
3.3%
RSI (14)
35.5
Neutral
Technical context
  • Price $77.16 at the 2026-10-12 close, 3.0% below the 20-day average ($79.53) and 5.4% below the 50-day ($81.59).
  • RSI (14) at 35.5.
  • 52-week range $62.36 to $86.48: the price is 10.8% below the high and 23.7% above the low.

The Street vs SeerForecast

Wall Street's mean price target for INDB is $93.43 across 7 analysts, 21.1% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-07-12.

Current P/E and rating by weekCurrent P/E moved from 12.8 to 11.3 between 2026-07-10 and 2026-10-09, against a normal P/E of 15.3, with 0 rating changes over 31 recorded weeks.2026-07-10: P/E 12.8, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 12.8, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 12.8, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 12.8, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 13.1, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 13.1, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 13.1, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 13.1, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 12.8, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 12.8, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 12.7, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 12.7, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 13.0, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 13.0, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 12.6, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 12.6, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 12.6, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 12.6, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 12.3, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 12.3, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 12.5, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 12.5, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 12.3, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 12.3, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 12.2, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 11.9, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 11.9, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 11.7, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 11.7, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 11.3, Mixed on our tests, recorded live 2026-10-1212.014.0Jul 10Aug 2Aug 25Sep 16Oct 9Normal P/E 15.3
Mixed on our tests

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-12P/E 12.8-17%Mixed on our tests (recalculated)
2026-07-22P/E 13.1-15%Mixed on our tests (recalculated)
2026-10-12P/E 11.3-26%Mixed on our tests ← now
Show all 31 weeks
WeekCurrent P/EPremium to normal P/ERating
2026-07-12P/E 12.8-17%Mixed on our tests (recalculated)
2026-07-13P/E 12.8-17%Mixed on our tests (recalculated)
2026-07-14P/E 12.8-17%Mixed on our tests (recalculated)
2026-07-20P/E 12.8-17%Mixed on our tests (recalculated)
2026-07-22P/E 13.1-15%Mixed on our tests (recalculated)
2026-07-25P/E 13.1-15%Mixed on our tests (recalculated)
2026-07-27P/E 13.1-15%Mixed on our tests (recalculated)
2026-07-31P/E 13.1-15%Mixed on our tests (recalculated)
2026-08-03P/E 12.8-17%Mixed on our tests
2026-08-07P/E 12.8-17%Mixed on our tests (recalculated)
2026-08-10P/E 12.7-17%Mixed on our tests
2026-08-14P/E 12.7-17%Mixed on our tests (recalculated)
2026-08-17P/E 13.0-15%Mixed on our tests
2026-08-21P/E 13.0-15%Mixed on our tests (recalculated)
2026-08-24P/E 12.6-18%Mixed on our tests
2026-08-27P/E 12.6-18%Mixed on our tests (recalculated)
2026-08-28P/E 12.6-18%Mixed on our tests (recalculated)
2026-08-30P/E 12.6-18%Mixed on our tests (recalculated)
2026-08-31P/E 12.3-20%Mixed on our tests
2026-09-05P/E 12.3-20%Mixed on our tests (recalculated)
2026-09-07P/E 12.5-18%Mixed on our tests
2026-09-12P/E 12.5-18%Mixed on our tests (recalculated)
2026-09-14P/E 12.3-20%Mixed on our tests
2026-09-19P/E 12.3-20%Mixed on our tests (recalculated)
2026-09-21P/E 12.2-21%Mixed on our tests
2026-09-26P/E 12.2-21%Mixed on our tests (recalculated)
2026-09-28P/E 11.9-22%Mixed on our tests
2026-10-03P/E 11.9-22%Mixed on our tests (recalculated)
2026-10-05P/E 11.7-24%Mixed on our tests
2026-10-10P/E 11.7-24%Mixed on our tests (recalculated)
2026-10-12P/E 11.3-26%Mixed on our tests ← now

Frequently asked questions

Is Independent Bank stock overvalued?

At a current P/E of 11.3 versus its historical normal P/E of 15.3, Independent Bank trades about 26% below its typical valuation, with a PEG of 0.74 on 15.2% forward growth. tickerseer currently rates it mixed on our tests.

What is Independent Bank's fair value and PEG?

Independent Bank trades at a current P/E of 11.3 against a historical normal P/E of 15.3, a PEG of 0.74, and a forward growth estimate of 15.2%. Priced at its historical normal P/E of 15.3 on the same blended earnings, the 2026-10-09 close of $77.02 corresponds to about $105 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Independent Bank changed?

tickerseer's rating has been mixed on our tests since 2026-07-12.

What is the analyst price target for Independent Bank?

The mean Wall Street price target for Independent Bank is $93.43 across 7 analysts, 21.1% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Community & regional banks. Create a free account to see the full analysis: the SeerAI score, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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