INDB
Independent Bank Corp. Financial Services - Banks - Regional Investor Relations →
Independent Bank Corp. (INDB) closed at $77.45 as of 2026-05-01, trading 27.0% above its 200-week moving average of $60.99. The stock is currently moving closer to the line, down from 27.5% last week. The 14-week RSI sits at 50, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.99 ratio) is neutral — neither side is clearly dominating.
Over the past 2037 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 +13.4%.
With a market cap of $3.8 billion, INDB is a mid-cap stock. Return on equity stands at 7.3%. The stock trades at 1.1x book value.
Share count has increased 7.7% over three years, indicating dilution.
Over the past 33.3 years, a hypothetical investment of $100 in INDB would have grown to $4660, compared to $2973 for the S&P 500. That represents an annualized return of 12.2% vs 10.7% for the index — confirming INDB as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -15.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +16.0% after 12 months (median +15.0%), compared to +4.3% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +23.0% 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.
Historical Touches
INDB has crossed below its 200-week MA 29 times with an average 1-year return of +13.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1987 | Jun 1987 | 8 | 13.3% | -8.9% | +1278.9% |
| Jul 1987 | Mar 1993 | 296 | 87.8% | -15.4% | +1198.9% |
| Apr 1993 | Jul 1993 | 12 | 13.9% | +37.5% | +4414.1% |
| Oct 1999 | Oct 1999 | 1 | 3.0% | -4.0% | +1198.3% |
| Dec 1999 | Aug 2000 | 36 | 25.3% | -6.6% | +1128.6% |
| Sep 2000 | Jan 2001 | 15 | 21.5% | +28.1% | +1102.4% |
| Jan 2001 | Jan 2001 | 1 | 2.7% | +75.7% | +1060.5% |
| Mar 2001 | Mar 2001 | 1 | 1.4% | +84.1% | +1028.0% |
| May 2007 | May 2007 | 2 | 1.2% | +3.7% | +357.0% |
| Jul 2007 | Aug 2007 | 4 | 9.0% | -9.7% | +363.7% |
| Sep 2007 | Sep 2007 | 2 | 2.8% | +1.3% | +354.3% |
| Oct 2007 | Mar 2008 | 22 | 14.5% | -9.9% | +347.3% |
| Apr 2008 | Sep 2008 | 20 | 20.8% | -29.1% | +343.9% |
| Sep 2008 | Mar 2010 | 74 | 58.6% | -23.8% | +346.0% |
| Mar 2010 | Apr 2010 | 3 | 3.0% | +7.8% | +389.3% |
| May 2010 | Jun 2010 | 6 | 6.7% | +25.2% | +403.7% |
| Jun 2010 | Nov 2010 | 18 | 12.2% | +13.5% | +398.4% |
| Aug 2011 | Oct 2011 | 9 | 8.3% | +35.5% | +419.0% |
| Nov 2011 | Nov 2011 | 1 | 1.4% | +27.9% | +410.7% |
| Feb 2020 | Apr 2020 | 6 | 15.6% | +30.4% | +40.7% |
| Apr 2020 | May 2020 | 5 | 18.6% | +25.1% | +40.9% |
| Jun 2020 | Nov 2020 | 23 | 28.3% | +24.3% | +43.4% |
| Jul 2021 | Aug 2021 | 3 | 3.0% | +14.1% | +28.0% |
| Sep 2021 | Sep 2021 | 2 | 1.0% | +13.5% | +28.5% |
| Mar 2023 | Nov 2024 | 87 | 37.1% | -23.5% | +24.3% |
| Dec 2024 | Jan 2025 | 2 | 5.8% | +18.7% | +27.7% |
| Mar 2025 | Jun 2025 | 13 | 14.7% | +26.7% | +28.3% |
| Jun 2025 | Jun 2025 | 1 | 2.6% | N/A | +31.3% |
| Jul 2025 | Aug 2025 | 1 | 0.1% | N/A | +27.9% |
| Average | 23 | — | +13.4% | — |
Frequently Asked Questions
Is INDB below its 200-week moving average?
No. Independent Bank Corp. (INDB) is currently 27.0% above its 200-week moving average of $60.99. It would need to fall to $60.99 to cross below the line.
What is INDB's 200-week moving average price?
Independent Bank Corp.'s 200-week moving average is $60.99 as of 2026-05-01. 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 +13.4%. 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 50. Return on equity is 7.3%. 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 33.3 years, $100 invested in INDB would have grown to $4660, compared to $2973 for the S&P 500. That's 12.2% annualized vs 10.7% 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 331.00%.
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 2026-05-01