Piper Sandler analyst Justin Crowley has maintained a Neutral rating on Independent Bank while raising the price target to $90 from $84. The revised target indicates an updated valuation perspective for the financial institution.

The rating action follows a review of Independent Bank's current market position and future performance potential. The price target increase suggests a higher expected price level compared to the previous estimate of $84.

Rating and Price Target Details

The following table outlines the recent changes in Piper Sandler's assessment of Independent Bank:

Independent Bank operates under the NASDAQ ticker symbol INDB. The Neutral rating implies that the stock is expected to perform in line with the broader market or sector averages.

Independent Bank Corp. has declared a quarterly dividend of $0.64 per share, providing income returns to its shareholders. The dividend will be paid on July 9, 2026, to stockholders of record as of the close of business on June 29, 2026. This announcement underscores the company's commitment to returning capital to its investors.

Dividend Details

The Board of Directors of Independent Bank Corp., the parent company of Rockland Trust Company, approved the dividend payment. The key dates and amounts for the distribution are outlined below.

About Independent Bank Corp.

Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust operates retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire. It also maintains commercial banking and investment management offices across Massachusetts, New Hampshire, and Rhode Island. The bank offers a comprehensive suite of banking, investment, and insurance services to individuals, families, and businesses, including mobile, online, and telephone banking options. Rockland Trust is an FDIC member and an Equal Housing Lender.