$52.92
0[0.00%]
At close: Apr 24
$52.92
0[0.00%]
PreMarket: 4:00PM EDT
Independent Bank
(NASDAQ:INDB)Independent Bank Stock (NASDAQ:INDB), Analyst Ratings, Price Targets, Predictions
Independent Bank Corp has a consensus price target of $48.83, established from looking at the 10 latest analyst ratings. The last 3 analyst ratings were released from Keefe, Bruyette & Woods, Keefe, Bruyette & Woods, and Seaport Global on April 22, 2024, January 22, 2024, and October 23, 2023. With an average price target of $41.33 between Keefe, Bruyette & Woods, Keefe, Bruyette & Woods, and Seaport Global, there's an implied -21.89% downside for Independent Bank Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
Seaport Global
Seaport Global
Raymond James
Keefe, Bruyette & Woods
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Independent Bank
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/22/2024 | INDB | Buy Now | Independent Bank | $52.92 | 13.38% | Keefe, Bruyette & Woods | Christopher O'Connell | $64 → $60 | Maintains | Market Perform | Get Alert |
| 01/22/2024 | INDB | Buy Now | Independent Bank | $52.92 | 20.94% | Keefe, Bruyette & Woods | Christopher O'Connell | $66 → $64 | Maintains | Market Perform | Get Alert |
| 10/23/2023 | INDB | Buy Now | Independent Bank | $52.92 | — | Seaport Global | Laurie Havener Hunsicker | — | Upgrade | Sell → Neutral | Get Alert |
| 09/12/2023 | INDB | Buy Now | Independent Bank | $52.92 | -14.97% | Seaport Global | David Bishop | → $45 | Initiates | → Sell | Get Alert |
| 04/25/2023 | INDB | Buy Now | Independent Bank | $52.92 | 28.5% | Keefe, Bruyette & Woods | Christopher O'Connell | $80 → $68 | Maintains | Market Perform | Get Alert |
| 04/06/2023 | INDB | Buy Now | Independent Bank | $52.92 | 51.17% | Keefe, Bruyette & Woods | Christopher O'Connell | $90 → $80 | Maintains | Market Perform | Get Alert |
| 12/21/2022 | INDB | Buy Now | Independent Bank | $52.92 | — | Raymond James | Steve Moss | — | Initiates | → Market Perform | Get Alert |
| 12/13/2022 | INDB | Buy Now | Independent Bank | $52.92 | 88.96% | Keefe, Bruyette & Woods | Christopher Mcgratty | → $100 | Downgrade | Outperform → Market Perform | Get Alert |
| 10/25/2021 | INDB | Buy Now | Independent Bank | $52.92 | 66.29% | Piper Sandler | Mark Fitzgibbon | — | Downgrade | Overweight → Neutral | Get Alert |
| 04/26/2021 | INDB | Buy Now | Independent Bank | $52.92 | 77.63% | Seaport Global | David Bishop | — | Upgrade | Neutral → Buy | Get Alert |
FAQ
What is the target price for Independent Bank (INDB)?
The latest price target for Independent Bank (NASDAQ: INDB) was reported by Keefe, Bruyette & Woods on April 22, 2024. The analyst firm set a price target for $60.00 expecting INDB to rise to within 12 months (a possible 13.38% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Independent Bank (INDB)?
The latest analyst rating for Independent Bank (NASDAQ: INDB) was provided by Keefe, Bruyette & Woods, and Independent Bank maintained their market perform rating.
When was the last upgrade for Independent Bank (INDB)?
The last upgrade for Independent Bank Corp happened on October 23, 2023 when Seaport Global raised their price target to N/A. Seaport Global previously had a sell for Independent Bank Corp.
When was the last downgrade for Independent Bank (INDB)?
The last downgrade for Independent Bank Corp happened on December 13, 2022 when Keefe, Bruyette & Woods changed their price target from N/A to $100 for Independent Bank Corp.
When is the next analyst rating going to be posted or updated for Independent Bank (INDB)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Independent Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Independent Bank was filed on April 22, 2024 so you should expect the next rating to be made available sometime around April 22, 2025.
Is the Analyst Rating Independent Bank (INDB) correct?
While ratings are subjective and will change, the latest Independent Bank (INDB) rating was a maintained with a price target of $64.00 to $60.00. The current price Independent Bank (INDB) is trading at is $52.92, which is out of the analyst’s predicted range.
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