INDB
Independent Bank Corp. Financial Services - Banks - Regional Investor Relations →
Independent Bank Corp. (INDB) closed at $83.83 as of 2026-07-31, trading 36.7% above its 200-week moving average of $61.32. The stock is currently moving closer to the line, down from 39.0% last week. The 14-week RSI sits at 66, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.95 ratio) is neutral — neither side is clearly dominating.
Over the past 2050 weeks of data, INDB has crossed below its 200-week moving average 29 times. On average, these episodes lasted 23 weeks. Historically, investors who bought INDB at the start of these episodes saw an average one-year return of +14.8%.
With a market cap of $4.0 billion, INDB is a mid-cap stock. Return on equity stands at 8.2%. The stock trades at 1.1x book value.
Share count has increased 7.7% over three years, indicating dilution.
Over the past 33.6 years, a hypothetical investment of $100 in INDB would have grown to $5082, compared to $3098 for the S&P 500. That represents an annualized return of 12.4% vs 10.8% for the index — confirming INDB as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -15.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: INDB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After INDB Crosses Below the Line?
Across 27 historical episodes, buying INDB when it crossed below its 200-week moving average produced an average return of +17.3% after 12 months (median +19.0%), compared to +5.9% for the S&P 500 over the same periods. 78% of those episodes were profitable after one year. After 24 months, the average return was +23.3% vs +4.5% for the index.
Each line shows $100 invested at the moment INDB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices INDB would reach each dislocation threshold.
Dislocation Price Levels
Prices where INDB's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $74.56 | Unusually cheap — potential buy zone |
| Value | +1σ | $77.02 | Cheap vs. own history |
| Fair Value | +0σ | $79.65 | Historical mean behavior |
| Expensive | -1σ | $82.47 | Expensive vs. own history |
| Deep Expensive | -2σ | $85.50 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from INDB's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
INDB has crossed below its 200-week MA 29 times with an average 1-year return of +14.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1987 | Jun 1987 | 8 | 13.3% | -8.9% | +1403.8% |
| Jul 1987 | Mar 1993 | 296 | 87.8% | -15.4% | +1316.5% |
| Apr 1993 | Jul 1993 | 12 | 14.0% | +37.5% | +4823.0% |
| Oct 1999 | Oct 1999 | 1 | 3.1% | -4.0% | +1315.9% |
| Dec 1999 | Aug 2000 | 36 | 25.4% | -6.6% | +1239.9% |
| Sep 2000 | Jan 2001 | 15 | 21.6% | +28.1% | +1211.3% |
| Jan 2001 | Jan 2001 | 1 | 2.7% | +75.7% | +1165.6% |
| Mar 2001 | Mar 2001 | 1 | 1.4% | +84.1% | +1130.2% |
| May 2007 | May 2007 | 2 | 1.2% | +3.7% | +398.4% |
| Jul 2007 | Aug 2007 | 4 | 9.1% | -9.7% | +405.7% |
| Aug 2007 | Sep 2007 | 3 | 2.8% | -3.7% | +387.0% |
| Oct 2007 | Mar 2008 | 22 | 14.5% | -9.9% | +387.8% |
| Apr 2008 | Sep 2008 | 22 | 20.9% | -35.4% | +382.5% |
| Sep 2008 | Mar 2010 | 74 | 58.7% | -23.8% | +386.4% |
| Mar 2010 | Apr 2010 | 3 | 3.0% | +7.9% | +429.9% |
| May 2010 | Jun 2010 | 6 | 6.8% | +25.2% | +449.3% |
| Jun 2010 | Nov 2010 | 18 | 12.3% | +13.5% | +443.6% |
| Aug 2011 | Oct 2011 | 9 | 7.5% | +35.5% | +466.0% |
| Nov 2011 | Nov 2011 | 1 | 1.5% | +27.9% | +456.9% |
| Feb 2020 | Apr 2020 | 6 | 15.7% | +30.4% | +53.4% |
| Apr 2020 | May 2020 | 5 | 18.6% | +25.1% | +53.7% |
| Jun 2020 | Nov 2020 | 23 | 27.7% | +24.3% | +56.4% |
| Jul 2021 | Aug 2021 | 3 | 3.1% | +14.1% | +39.6% |
| Sep 2021 | Sep 2021 | 2 | 1.1% | +13.5% | +40.2% |
| Mar 2023 | Nov 2024 | 87 | 37.1% | -23.5% | +35.5% |
| Dec 2024 | Jan 2025 | 2 | 5.8% | +18.6% | +38.0% |
| Mar 2025 | Jun 2025 | 13 | 14.8% | +26.7% | +39.9% |
| Jun 2025 | Jun 2025 | 1 | 2.7% | +37.4% | +43.1% |
| Jul 2025 | Aug 2025 | 1 | 0.2% | +39.5% | +39.5% |
| Average | 23 | — | +14.8% | — |
Frequently Asked Questions
Is INDB below its 200-week moving average?
No. Independent Bank Corp. (INDB) is currently 36.7% above its 200-week moving average of $61.32. It would need to fall to $61.32 to cross below the line.
What is INDB's 200-week moving average price?
Independent Bank Corp.'s 200-week moving average is $61.32 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when INDB drops below its 200-week moving average?
INDB has crossed below its 200-week moving average 29 times in our data. On average, buying at that moment produced a one-year return of +14.8%. These dips have historically been decent entry points. These episodes lasted 23 weeks on average.
Is INDB a good value right now?
Here's what our data says about INDB as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 66. Return on equity is 8.2%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does INDB compare to the S&P 500?
Over the past 33.6 years, $100 invested in INDB would have grown to $5082, compared to $3098 for the S&P 500. That's 12.4% annualized vs 10.8% for the index. INDB has outperformed the broader market over this period.
Does INDB pay a dividend?
Yes. Independent Bank Corp. currently pays a dividend yield of 293.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31