Is Independent Bank Corp. overvalued?

Independent Bank Corp. (INDB) looks fairly valued — trading about 6% below its fair value.

Fairly valued

Price

$85.50

Fair value

$90.35

Current P/E

13.8

Normal P/E

14.6

Market cap

$4.13B

Dividend yield

2.9%

Return on equity

7.7%

Sector

Financial Services

Fair value compares INDB's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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