Independent Bank Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Independent Bank stock has a consensus rating of "Hold" and an average price target of $36.7. The average 1-year stock price forecast is 3.44% higher than the current stock price, while the lowest is $36 (+1.47%) and the highest is $37 (+4.28%).

Price Target: $36.7 (+3.44%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$36	$36.7	$37	$37
Change	+1.47%	+3.44%	+4.28%	+4.28%

* Price targets were last updated on Apr 27, 2026.

Analyst Ratings

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

Recommendation Trends

Rating	Oct '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	5	5	4	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	4	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Peter Winter D.A. Davidson	D.A. Davidson	Hold Maintains $36 → $37	Hold	Maintains	$36 → $37	+4.28%	Apr 27, 2026
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $39 → $37	Hold	Maintains	$39 → $37	+4.28%	Apr 27, 2026
Damon Delmonte KBW	KBW	Hold Reiterates $37	Hold	Reiterates	$37	+4.28%	Apr 24, 2026

Financial Forecast

Revenue This Year

220.07M

from 180.02M

22.25%

from 180.02M

Revenue Next Year

242.29M

from 220.07M

10.09%

from 220.07M

EPS This Year

3.55

from 3.35

6.03%

from 3.35

EPS Next Year

3.83

from 3.55

7.77%

from 3.55

Fiscal Year	FY 2025	FY 2026
Period Ending	Dec 31, 2025	Dec 31, 2026
Revenue	180.02M	220.07M
Revenue Growth	8.28%	22.25%
Gross Profit	6.41M	8.18M
Gross Margin	3.56%	3.72%
Operating Income	87.43M	100.91M
Net Income	68.54M	74.30M
EPS	3.35	3.55
EPS Growth	15.92%	6.03%
Forward PE	-	9.99
Dividend / Share	1.04	1.12
Dividend Growth	8.33%	7.69%
No. Analysts	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027
High	255.4M
Avg	220.1M
Low	202.3M

Revenue Growth

Revenue Growth	2026	2027
High	41.9%
Avg	22.3%
Low	12.4%

EPS Forecast

EPS	2026	2027
High	-
Avg	3.55
Low	-

EPS Growth

EPS Growth	2026	2027
High	-
Avg	6.0%
Low	-