Independent Bank (INDB) Stock Forecast, Price Target & Predictions
INDB Stock Forecast
Independent Bank (INDB) stock forecast, based on 14 Wall Street analysts, predicts a 12-month average price target of $83.00, with a high of $83.00 and a low of $83.00. This represents a 21.54% increase from the last price of $68.29.
INDB Stock Rating
Independent Bank stock's rating consensus is Hold, based on 14 Wall Street analysts. The breakdown includes 1 Strong Buy (7.14%), 5 Buy (35.71%), 7 Hold (50.00%), 1 Sell (7.14%), and 0 Strong Sell (0.00%).
Hold
INDB Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Independent Bank | 21.54% |
| Sector | Financial Services Stocks | 8.51% |
| Industry | Regional Banks Stocks | 7.50% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $83.00 | $83.00 | $83.00 |
| Last Closing Price | $68.29 | $68.29 | $68.29 |
| Upside/Downside | 21.54% | 21.54% | 21.54% |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Oct, 25 | - | 2 | 2 | - | - | 4 |
| Sep, 25 | - | 2 | 2 | - | - | 4 |
| Aug, 25 | - | 2 | 2 | - | - | 4 |
| Jul, 25 | - | 2 | 2 | - | - | 4 |
| Jun, 25 | - | 2 | 2 | - | - | 4 |
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2025 | Independent Research | $83.00 | $68.60 | 20.99% | 21.54% | |
| Oct 21, 2024 | Steve Moss | Raymond James | $74.00 | $61.57 | 20.19% | 8.36% |
| Jul 22, 2024 | Laurie Havenar Husicker | Seaport Global | $65.00 | $58.05 | 11.97% | -4.82% |
| Dec 12, 2022 | Christopher McGratty | Independent Research | $100.00 | $89.02 | 12.33% | 46.43% |
| Jul 06, 2022 | Truist Financial | $76.00 | $81.14 | -6.33% | 11.29% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 21, 2025 | Raymond James | Strong Buy | Strong Buy | hold |
| Oct 22, 2024 | Seaport Global | Buy | Buy | hold |
| Oct 21, 2024 | Raymond James | Market Perform | Strong Buy | upgrade |
| Jul 22, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | hold |
| Jul 22, 2024 | Seaport Global | Buy | upgrade | |
| Apr 22, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | hold |
| Dec 20, 2022 | Raymond James | Market Perform | initialise | |
| Dec 13, 2022 | Keefe, Bruyette & Woods | Market Perform | downgrade |
Financial Forecast
EPS Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $3.64 | $3.47 | $5.69 | $5.42 | $4.52 | - | - |
| Avg Forecast | $3.51 | $4.77 | $5.75 | $5.39 | $4.50 | $5.13 | $6.90 |
| High Forecast | $3.57 | $4.85 | $5.83 | $5.43 | $4.56 | $5.16 | $7.31 |
| Low Forecast | $3.46 | $4.69 | $5.67 | $5.34 | $4.45 | $5.08 | $6.21 |
| Surprise % | 3.70% | -27.25% | -1.04% | 0.56% | 0.44% | - | - |
Revenue Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $477.45M | $507.41M | $727.92M | $795.73M | $852.75M | - | - |
| Avg Forecast | $482.85M | $497.26M | $724.14M | $732.16M | $689.62M | $805.20M | $1.03B |
| High Forecast | $488.78M | $503.37M | $731.69M | $732.39M | $690.16M | $827.04M | $1.15B |
| Low Forecast | $476.92M | $491.15M | $716.59M | $731.93M | $689.08M | $783.37M | $912.42M |
| Surprise % | -1.12% | 2.04% | 0.52% | 8.68% | 23.66% | - | - |
Net Income Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $121.17M | $120.99M | $263.81M | $239.50M | $192.08M | - | - |
| Avg Forecast | $109.29M | $103.91M | $155.95M | $239.50M | $199.16M | $226.20M | $298.59M |
| High Forecast | $131.15M | $124.69M | $187.14M | $287.40M | $201.60M | $228.08M | $322.86M |
| Low Forecast | $87.43M | $83.13M | $124.76M | $191.60M | $196.73M | $224.31M | $274.32M |
| Surprise % | 10.87% | 16.44% | 69.16% | - | -3.56% | - | - |