Independent Bank Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 39.17, with a low estimate of 37.5 and a high estimate of 41. The average target predicts an increase of 26.97% from the current stock price of 30.85.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$37.5	$39.17	$39	$41
Change	+21.56%	+26.97%	+26.42%	+32.90%

* Price targets were last updated on Jan 28, 2025.

Analyst Ratings

The average analyst rating for Independent Bank stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Peter Winter DA Davidson	DA Davidson	Hold Maintains $37 → $39	Hold	Maintains	$37 → $39	+26.42%	Jan 28, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Reiterates $39 → $41	Hold	Reiterates	$39 → $41	+32.90%	Jan 24, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $33 → $39	Hold	Maintains	$33 → $39	+26.42%	Dec 4, 2024
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Reiterates $26 → $31	Hold	Reiterates	$26 → $31	+0.49%	Jul 29, 2024
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $27 → $38	Hold	Maintains	$27 → $38	+21.56%	Jul 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

184.83M

from 218.14M

-15.27%

from 218.14M

Revenue Next Year

196.95M

from 184.83M

6.56%

from 184.83M

EPS This Year

3.17

from 3.16

0.36%

from 3.16

EPS Next Year

3.39

from 3.17

6.84%

from 3.17

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	191.89M	208.34M	206.13M	200.80M	218.14M	184.83M	196.95M
Revenue Growth	13.22%	8.57%	-1.06%	-2.59%	8.64%	-15.27%	6.56%
EPS	2.53	2.88	2.97	2.79	3.16	3.17	3.39
EPS Growth	26.50%	13.83%	3.13%	-6.06%	13.26%	0.36%	6.84%
Forward PE	-	-	-	-	-	9.73	9.10
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	193.0M	207.4M
Avg	184.8M	197.0M
Low	175.1M	183.8M

Revenue Growth

Revenue Growth	2025	2026
High	-11.5%	12.2%
Avg	-15.3%	6.6%
Low	-19.7%	-0.6%

EPS Forecast

EPS	2025	2026
High	3.31	3.69
Avg	3.17	3.39
Low	2.95	3.10

EPS Growth

EPS Growth	2025	2026
High	4.7%	16.2%
Avg	0.4%	6.8%
Low	-6.7%	-2.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.