Independent Bank (INDB) Stock Forecast & Price Target
Independent Bank · NASDAQ
$86.13+1.41 (+1.66%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 5 firms covering Independent Bank, 3 rate it Buy or better, 1 sit at Hold, and 1 rate it Sell or worse, a moderate buy consensus. Targets are tightly clustered, $82.00 to $96.00, so the covering firms are broadly aligned. The average target of $90.20 sits 5% above the current $86.13. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 2 to 3 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.95 next quarter toward $8.30 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS5 ratings
Moderate Buy
Strong Buy00%
Buy360%
Hold120%
Sell120%
Strong Sell00%
Based on 5 analysts giving stock ratings to Independent Bank.
As of Jul, 3 of 5 firms rate INDB a Buy (1 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
INDB EPS & revenue forecast
EPS · NEXT QUARTER
$1.95
Range $1.93 – $1.99 · 4 analysts · +28% YoY
Next period, 4 analysts expect Independent Bank to earn $1.95 a share (range $1.93 – $1.99), versus $1.52 a year earlier. Full-year consensus is $7.17, growing to $8.30 the year after.
REVENUE · NEXT QUARTER
$265.3M
Range $265.1M – $265.8M · 4 analysts · +4% YoY
Revenue is expected to reach $265.3M (range $265.1M – $265.8M), +4.5% year-over-year. Full-year consensus is $1.0B, rising to $1.1B next year.
Top analysts covering Independent Bank
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on INDB.
#1
Mark Fitzgibbon
Piper Sandler · Rank #73
Hold
$63.00-26.9% to target
Overall win rate
46%
+ Follow
#2
Christopher O'Connell
Keefe, Bruyette & Woods · Rank #88
Hold
$72.00-16.4% to target
Overall win rate
45%
+ Follow
#3
Steve Moss
Raymond James · Rank #128
Buy
$97.00+12.6% to target
Overall win rate
42%
+ Follow
#4
DK
David Konrad
Keefe, Bruyette & Woods
Buy
$96.00+11.5% to target
Coverage
—
+ Follow
#5
Jared Shaw
Barclays
Sell
$82.00-4.8% to target
Coverage
—
+ Follow
INDB stock forecast FAQ
What is INDB's average 12-month price target?+
The 5 analysts with a live target average $90.20 for Independent Bank over the next 12 months, ranging from a $96.00 high to a $82.00 low.
Is INDB stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 5 analyst ratings, 3 are Buy or Strong Buy, 1 are Hold, and 1 are Sell or Strong Sell.
What are the highest and lowest price targets for INDB?+
The Street-high target is $96.00 (Keefe, Bruyette & Woods), and the Street-low is $82.00 (Barclays). The average of all 5 active targets is $90.20.
How many Wall Street analysts cover INDB?+
5 analysts have an active rating on Independent Bank, and 5 firms carry a live 12-month price target.
Who is the most accurate analyst covering INDB?+
Among analysts who currently cover INDB, Mark Fitzgibbon of Piper Sandler has the strongest overall Quantellect track record (Rank #73). Their current call is Hold with a $63.00 target.
What is Independent Bank's projected EPS for next quarter?+
The consensus estimate is $1.95 per share (range $1.93 – $1.99) across 4 analysts. Full-year EPS is projected at $7.17, rising to $8.30 the following year.
How much revenue is Independent Bank expected to report next quarter?+
Consensus revenue is $265.3M (range $265.1M – $265.8M). Full-year revenue is projected at $1.0B, growing to $1.1B next year.
Have analysts been upgrading or downgrading INDB lately?+
As of Jul, 3 of 5 firms rate INDB a Buy (1 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their INDB calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
