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69

INDB

🏦 Financial Services

Independent Bank Corp.

Conservative #120Aggressive #272Low RiskLow 34ML↑ 33pt
$82.97+1.52%
Day High$83.00
Day Low$81.06
Volume0.0M
Mkt Cap$4.1B
52W Low $5252W High $87
Market Cap
$4.1B
P/E Ratio
20.1
Sector avg: 49.4
Rev Growth
19.8%
Sector avg: 13.4%
Earnings Growth
6.8%
Profit Margin
17.6%
Sector avg: -2.8%
Debt/Equity
0.23

Why This Score

INDB scores 68.6 on the Conservative profile, blending a fundamental score (80% weight, emphasizing quality and stability (84% of fundamental weight)) with a machine-learning signal (20% weight) trained on 82 features across 30 years of data.

Strengths
  • Positive but moderate momentum (26%) — steady appreciation without overheating.
Risk Factors
  • Liquidity concern: Limited trading volume or float results in a 2-point penalty for execution risk.

Minor adjustments (-2.0 points) applied. INDB's rank of #120 primarily reflects its factor profile relative to the conservative weight vector.

Score Breakdown

Overall Score68.6
Fundamental Score68.0
ML Score61.0

Score by Horizon

3 Month
66.2
6 Month
74.0
Primary
1 Year
77.9

Quality Assessment

A
Earnings Grade
Strong fundamentals, high earnings quality

Position Sizing

Suggested Allocation
5%
Confidence
high

Score Composition Waterfall

How each component affects the final score
Backtested Scoring Levers (IC-calibrated from 30y ElasticNet)
Weinstein (12.1%)
100
Advancing
Sentiment (2.5%)
53
Neutral
Analyst (6.4%)
61
Favorable
Tradability (post-hoc)
75
Grade B
Base
68.0
SHAP
+3.3
Factors
+0.7
Divergence
-3.4
Final
68.6
Positive adjustment
Negative adjustment
Base blend
Final score

Signal SegmentsComputed from ML features

Fundamental (Valuation, Quality, Growth)63.0
Technical (Momentum, Weinstein, Volatility)85.0
External (Sentiment, Analyst, Macro)67.0
Scores below 50 indicate weakness in that segment relative to the universe.

Data Quality

Score
Features
Confidence
Feature Coverage89%

Growth Estimates

Short-term
-0.1% to +4.2%
Medium-term
+0.8% to +7.4%
Long-term
+1.7% to +10.6%

ML Model Core Features100 trained inputs → ML Score: 61

These features are direct inputs to the machine learning model. The model was trained on these signals alongside 100 features (including 12 momentum/technical indicators) to produce the ML percentile score.

Analyst Intelligence
Consensus Score60.7/100
Target Upside+0.1%
Coverage14 analysts
Market Sentiment
Sentiment Score53.0/100
News Volume1 articles
Technical Stage
Weinstein Stage2 — Advancing
12M Momentum+0.3%
6M Momentum+0.2%
Volatility+0.1%
Momentum & Technical
Momentum Acceleration+7.4%
Momentum ConsistencyStrong (0.72)
Relative Strength vs Sector+17.5%
Trend Strength (ADX Proxy)Strong (4.4)
Momentum Quality+0.250
Momentum BreadthBroad ✓
Macro Regime
Bull RegimeYes
High Vol RegimeNo
S&P 500 Return+25.0%
Yield Curve-0.1bp

Sector-Relative AnalysisIn-model features

Value Trap Signal
2%
Low risk
Sector RevGr Rank
P79
Revenue growth vs Financial Services peers
Sector PE Rank
P26
Valuation vs Financial Services peers
Sector FCF Rank
P43
Free cash flow vs Financial Services peers
Growth Deviation
+0.2σ
Z-score vs sector median
Stagnation Flag
NO
Not flagged

Analysis Signals

Scoring Factors
Fundamental score of 44 relative to sector peers44/100
Machine learning model ranks this stock at the 77th percentileP77
ML model weight reduced to 9% due to macro conditions: market in extended rally phase; yield curve inverted (recession indicator); late-cycle economic indicators detected9% ML weight
SHAP feature alignment: +5.0pt (features align with model priorities)—
Blend: 91% fund (44.5) + 9% ML (77.4) + SHAP(+5.0) = 52.5—
Factor quality: +1.1pt (multi-factor composite)—
Risk assessment: low. Annualized volatility 6.0%. Stability bonus of +10.0 pointsLow
Market cap adjustment: +0.5 points ($4.1B market cap)+0.5 pts
Conviction penalty: -1.5pt (conviction=34)—
Divergence penalty: -3.4pt (ML 33pt higher)—
Risk Factors
Earnings quality grade A: strong earnings quality and financial health. Score adjusted by -5 pointsGrade A
Quality concern: CRE concentration risk: regional bank with likely elevated commercial real estate exposure — forward-looking impairment risk not captured by trailing fundamentalsFlag

Sector Peer Comparison(Financial Services — Rank #31 of 356 stocks)

StockScoreP/ERev GrowthMarginMkt Cap
INDB68.620.119.8%17.6%$4.1B
CME84.927.29.9%57.5%$109.0B
CINF82.310.711.4%18.9%$25.4B
ACT82.08.92.4%54.6%$6.0B
SEIC80.914.010.7%27.3%$9.6B
TROW79.310.13.1%28.5%$20.5B
FHB78.311.83.2%24.2%$3.3B
MCHB77.70.0123.7%23.2%$3.4B
TRMK75.611.934.8%19.3%$2.7B
BCAL74.39.926.2%27.1%$613M
NMIH73.97.78.4%55.1%$3.0B
FFIN73.218.811.7%30.7%$4.8B
TW73.130.018.9%39.6%$24.8B
VCTR73.118.38.8%32.3%$4.9B
VLY72.412.5-2.2%17.1%$7.5B
QQQX72.310.448.6%257.3%$1.4B
Sector Average45.849.413.4%-2.8%—

Market Sentimentvia FMP

Analyst Consensus
Hold14 analysts
Strong Buy: 1Buy: 5Hold: 7Sell: 1
Price Target
$80consensus
Low $80Median $80High $80
-3.6% to consensus target

Company Overviewvia FMP

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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

CEO
Jeffrey J. Tengel
Employees
1,837
Beta
0.80
Industry
Banks - Regional
FMP-Identified Peers

Technical Picturecomputed from daily prices

RSI (14)
36.5
Neutral
Trend
Bullish
10-day vs 50-day MA
From 52W High
-6.1%
High: $87
From 52W Low
+56.7%
Low: $52.15
Moving Averages
10-Day
$82.40
Below
20-Day
$82.90
Below
50-Day
$78.80
Above
200-Day
$70.30
Above
60-Day Support
$70.82
60-Day Resistance
$87
Weinstein Stage Analysisbased on 200-day SMA framework
Stage 2 — AdvancingScore: 77/100

Stock is in an uptrend above the 200-day moving average. This is the stage where institutional accumulation typically occurs. The 50-day SMA provides support.

Favorable technical position; 50-day SMA acts as support
Price vs 200 SMA
+16.3%
200 SMA Slope (60d)
+7.32%
Rising
Volume Ratio
0.78x
10d avg vs 50d avg
Days in Stage
89
Confidence: 90%

Financial Statementslast 4 quarters via FMP

MetricQ4 2025Q3 2025Q2 2025Q1 2025
Revenue$339M$335M$251M$243M
Gross Profit$254M$205M$173M$161M
Operating Income$100M$44M$66M$57M
Net Income$75M$34M$51M$44M
EPS (Diluted)$1.52$0.69$1.20$1.04
Gross Margin74.9%61.2%68.9%66.4%
Operating Margin29.4%13.2%26.3%23.6%
Net Margin22.2%10.2%20.4%18.3%

Why This Stock

Financial ServicesP/E ratio of 20.1Revenue growth 19.8%Profit margin 17.6%

Tradability FilterGrade B — 75/100Score impact: +8.2pt

Volume
63
328K avg/day
Dollar Vol
84
$26M/day
Float
79
49M shares
Mkt Cap
65
$4.1B
Range
93
67% spread
Composite Liquidity Score75/100
FDCBA
Free Float
98.5%
Outstanding Shares
50M
Bid-Ask Spread
67.0%
Institutional Tradable
Yes

Scores are generated by a multi-stage ML pipeline combining fundamental analysis, ensemble predictions, and structural risk signals. All data is for research purposes only and does not constitute financial advice. Past performance does not guarantee future results.