Independent Bank Corp. (INDB)
NASDAQ: INDB · IEX Real-Time Price · USD
50.56
+1.11 (2.24%)
At close: Apr 19, 2024, 4:00 PM
50.00
-0.56 (-1.11%)
After-hours: Apr 19, 2024, 4:33 PM EDT
Independent Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Independent Bank stock have an average target of 54.5, with a low estimate of 45 and a high estimate of 64. The average target predicts an increase of 7.79% from the current stock price of 50.56.
Analyst Consensus: Sell
* Price targets were last updated on Jan 22, 2024.
Analyst Ratings
The average analyst rating for INDB stock from 3 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 5 | 5 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $66 → $64 | Hold | Maintains | $66 → $64 | +26.58% | 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 | -11.00% | Sep 12, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $80 → $68 | Hold | Maintains | $80 → $68 | +34.49% | Apr 25, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $90 → $80 | Hold | Maintains | $90 → $80 | +58.23% | Apr 6, 2023 |
Financial Forecast
Revenue This Year
698.81M
from 707.88M
Decreased by -1.28%
Revenue Next Year
730.43M
from 698.81M
Increased by 4.52%
EPS This Year
4.71
from 5.42
Decreased by -13.15%
EPS Next Year
5.00
from 4.71
Increased by 6.23%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 726.8M | 761.5M |
| Avg | 698.8M | 730.4M |
| Low | 664.4M | 692.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 2.7% | 9.0% |
| Avg | -1.3% | 4.5% |
| Low | -6.1% | -0.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 5.13 | 5.99 |
| Avg | 4.71 | 5.00 |
| Low | 4.31 | 4.31 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -5.3% | 27.1% |
| Avg | -13.1% | 6.2% |
| Low | -20.4% | -8.4% |
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.