Independent Bank Corp. (INDB)
NASDAQ: INDB · IEX Real-Time Price · USD
58.05
+1.43 (2.53%)
At close: Jul 19, 2024, 4:00 PM
58.07
+0.02 (0.03%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Independent Bank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 56.67, with a low estimate of 45 and a high estimate of 65. The average target predicts a decrease of -2.38% from the current stock price of 58.05.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for INDB 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Hold → Strong Buy Upgrades $65 | Hold → Strong Buy | Upgrades | $65 | +11.97% | Jul 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $64 → $60 | Hold | Maintains | $64 → $60 | +3.36% | Apr 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $66 → $64 | Hold | Maintains | $66 → $64 | +10.25% | Jan 22, 2024 |
| Seaport Global | Seaport Global | Strong Sell → Hold Upgrades n/a | Strong Sell → Hold | Upgrades | n/a | n/a | Oct 23, 2023 |
| Seaport Global | Seaport Global | Strong Sell Initiates $45 | Strong Sell | Initiates | $45 | -22.48% | Sep 12, 2023 |
Financial Forecast
Revenue This Year
695.50M
from 707.88M
Decreased by -1.75%
Revenue Next Year
722.44M
from 695.50M
Increased by 3.87%
EPS This Year
4.65
from 5.42
Decreased by -14.25%
EPS Next Year
4.98
from 4.65
Increased by 7.15%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 721.1M | 757.6M |
| Avg | 695.5M | 722.4M |
| Low | 663.5M | 681.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 1.9% | 8.9% |
| Avg | -1.7% | 3.9% |
| Low | -6.3% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.97 | 5.86 |
| Avg | 4.65 | 4.98 |
| Low | 4.17 | 4.31 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -8.4% | 26.1% |
| Avg | -14.2% | 7.2% |
| Low | -23.0% | -7.2% |
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.