Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
64.85
+3.00 (4.85%)
At close: May 12, 2025, 4:00 PM
64.85
0.00 (0.00%)
After-hours: May 12, 2025, 4:05 PM EDT
Independent Bank Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Independent Bank stock have an average target of 69.5, with a low estimate of 63 and a high estimate of 78. The average target predicts an increase of 7.17% from the current stock price of 64.85.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Independent Bank stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $80 → $72 | Hold | Maintains | $80 → $72 | +11.03% | Apr 21, 2025 |
| Piper Sandler | Piper Sandler | Hold Maintains $74 → $63 | Hold | Maintains | $74 → $63 | -2.85% | Apr 21, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $82 → $80 | Hold | Maintains | $82 → $80 | +23.36% | Jan 21, 2025 |
| Raymond James | Raymond James | Strong Buy Reiterates $74 → $78 | Strong Buy | Reiterates | $74 → $78 | +20.28% | Jan 21, 2025 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $77 → $82 | Hold | Maintains | $77 → $82 | +26.45% | Dec 12, 2024 |
Financial Forecast
Revenue This Year
833.84M
from 653.49M
Increased by 27.60%
Revenue Next Year
1.05B
from 833.84M
Increased by 25.32%
EPS This Year
5.43
from 4.52
Increased by 20.18%
EPS Next Year
7.00
from 5.43
Increased by 28.83%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 |
|---|---|---|
| High | 861.0M | 1.1B |
| Avg | 833.8M | 1.0B |
| Low | 798.7M | 1.0B |
Revenue Growth
| Revenue Growth | 2025 | 2026 |
|---|---|---|
| High | 31.8% | 29.0% |
| Avg | 27.6% | 25.3% |
| Low | 22.2% | 20.4% |
EPS Forecast
| EPS | 2025 | 2026 |
|---|---|---|
| High | 5.72 | 7.53 |
| Avg | 5.43 | 7.00 |
| Low | 5.05 | 6.04 |
EPS Growth
| EPS Growth | 2025 | 2026 |
|---|---|---|
| High | 26.6% | 38.6% |
| Avg | 20.2% | 28.8% |
| Low | 11.7% | 11.1% |
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.