Independent Bank (INDB) Stock Forecast, Price Target & Predictions
INDB Stock Forecast
Independent Bank stock forecast is as follows: an average price target of $78.75 (represents a 11.21% upside from INDB’s last price of $70.81) and a rating consensus of 'Strong Buy', based on 3 wall street analysts offering a 1-year stock forecast.
INDB Price Target
INDB Analyst Ratings
Strong Buy
Independent Bank Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Oct 21, 2024 | Steve Moss | Raymond James | $74.00 | $61.57 | 20.19% | 4.51% |
Jul 22, 2024 | Laurie Havenar Husicker | Seaport Global | $65.00 | $58.05 | 11.97% | -8.21% |
Dec 12, 2022 | Christopher McGratty | Independent Research | $100.00 | $89.02 | 12.33% | 41.22% |
Jul 06, 2022 | - | Truist Financial | $76.00 | $81.14 | -6.33% | 7.33% |
10
Independent Bank Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 1 | 2 |
Avg Price Target | $74.00 | $74.00 | $69.50 |
Last Closing Price | $70.81 | $70.81 | $70.81 |
Upside/Downside | 4.51% | 4.51% | -1.85% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 |
10
Independent Bank Financial Forecast
Independent Bank Revenue Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $183.30M | $187.24M | $200.66M | $190.80M | $1.86M | $1.76M | $151.71M | $115.20M | $118.32M | $120.83M | $117.88M | $119.55M | $119.29M | $118.94M | $129.07M | $136.41M |
Avg Forecast | $212.26M | $205.16M | $196.35M | $189.49M | $187.70M | $183.36M | $177.15M | $171.72M | $174.06M | $174.39M | $168.62M | $171.34M | $176.47M | $180.79M | $182.85M | $192.37M | $196.62M | $185.53M | $168.93M | $166.27M | $141.16M | $116.22M | $117.92M | $121.02M | $122.34M | $122.50M | $121.08M | $124.22M | $132.22M | $132.57M |
High Forecast | $212.81M | $205.70M | $196.86M | $189.98M | $188.19M | $183.84M | $177.61M | $172.84M | $174.73M | $174.69M | $169.07M | $171.79M | $177.32M | $181.27M | $183.33M | $192.87M | $197.13M | $185.53M | $168.93M | $166.27M | $141.16M | $116.22M | $117.92M | $121.02M | $122.34M | $122.50M | $121.08M | $124.22M | $132.22M | $132.57M |
Low Forecast | $211.70M | $204.61M | $195.83M | $188.98M | $187.20M | $182.88M | $176.68M | $170.58M | $173.37M | $174.09M | $168.18M | $170.88M | $175.62M | $180.31M | $182.36M | $191.86M | $196.09M | $185.53M | $168.93M | $166.27M | $141.16M | $116.22M | $117.92M | $121.02M | $122.34M | $122.50M | $121.08M | $124.22M | $132.22M | $132.57M |
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.97% | 1.02% | 1.03% | 0.01% | 0.01% | 1.07% | 0.99% | 1.00% | 1.00% | 0.96% | 0.98% | 0.99% | 0.96% | 0.98% | 1.03% |
Forecast
Independent Bank EBITDA Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $82.75M | $109.27M | $116.06M | $102.44M | $95.30M | $83.51M | $10.51M | $65.29M | $61.49M | $65.93M | $56.74M | $60.07M | $48.67M | $48.97M | $81.08M | $92.80M |
Avg Forecast | $92.58M | $89.48M | $85.64M | $82.65M | $81.87M | $79.98M | $77.27M | $74.90M | $75.92M | $76.06M | $73.55M | $103.45M | $76.97M | $78.86M | $79.75M | $94.05M | $6.59M | $79.12M | $72.04M | $85.50M | $60.20M | $49.56M | $50.29M | $55.65M | $52.17M | $52.24M | $51.64M | $65.84M | $56.38M | $56.54M |
High Forecast | $92.82M | $89.72M | $85.87M | $82.87M | $82.08M | $80.19M | $77.47M | $75.39M | $76.21M | $76.20M | $73.74M | $124.14M | $77.34M | $79.06M | $79.96M | $112.86M | $7.91M | $79.12M | $72.04M | $102.60M | $60.20M | $49.56M | $50.29M | $66.78M | $52.17M | $52.24M | $51.64M | $79.01M | $56.38M | $56.54M |
Low Forecast | $92.34M | $89.25M | $85.41M | $82.43M | $81.65M | $79.77M | $77.06M | $74.40M | $75.62M | $75.93M | $73.35M | $82.76M | $76.60M | $78.65M | $79.54M | $75.24M | $5.27M | $79.12M | $72.04M | $68.40M | $60.20M | $49.56M | $50.29M | $44.52M | $52.17M | $52.24M | $51.64M | $52.67M | $56.38M | $56.54M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.16% | 17.62% | 1.29% | 1.32% | 0.98% | 0.17% | 1.32% | 1.22% | 1.18% | 1.09% | 1.15% | 0.94% | 0.74% | 1.44% | 1.64% |
Forecast
Independent Bank Net Income Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $62.64M | $61.25M | $77.04M | $71.90M | $61.78M | $53.10M | $1.70M | $40.01M | $37.57M | $41.71M | $34.64M | $34.87M | $24.90M | $26.75M | $47.48M | $51.84M |
Avg Forecast | $71.97M | $68.99M | $64.18M | $59.36M | $59.61M | $56.95M | $53.76M | $49.41M | $49.51M | $43.92M | $47.39M | $65.78M | $52.91M | $56.63M | $57.66M | $59.80M | $1.07M | $60.17M | $53.52M | $54.36M | $46.72M | $43.32M | $45.87M | $35.21M | $43.66M | $30.37M | $26.44M | $35.97M | $59.25M | $59.89M |
High Forecast | $72.21M | $69.23M | $64.40M | $59.56M | $59.81M | $57.15M | $53.95M | $51.48M | $52.08M | $44.07M | $47.55M | $78.93M | $54.61M | $57.81M | $57.86M | $71.76M | $1.28M | $60.17M | $55.75M | $65.23M | $46.72M | $43.32M | $47.33M | $42.25M | $43.66M | $30.37M | $26.44M | $43.16M | $59.25M | $59.89M |
Low Forecast | $71.72M | $68.76M | $63.96M | $59.16M | $59.40M | $56.76M | $53.58M | $46.09M | $47.38M | $43.77M | $47.23M | $52.62M | $50.80M | $55.45M | $57.46M | $47.84M | $853.72K | $60.17M | $51.28M | $43.49M | $46.72M | $43.32M | $44.41M | $28.16M | $43.66M | $30.37M | $26.44M | $28.77M | $59.25M | $59.89M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.02% | 72.19% | 1.19% | 1.15% | 0.98% | 0.04% | 0.92% | 0.82% | 1.18% | 0.79% | 1.15% | 0.94% | 0.74% | 0.80% | 0.87% |
Forecast
Independent Bank SG&A Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.65M | $59.59M | $55.48M | $56.64M | $53.53M | $52.89M | $50.88M | $47.79M | $47.01M | $44.57M | $45.20M | $43.98M | $41.80M | $41.80M | $42.53M | $43.75M |
Avg Forecast | $67.63M | $65.37M | $62.56M | $60.38M | $59.81M | $58.43M | $56.45M | $54.72M | $55.46M | $55.57M | $53.73M | $68.69M | $56.23M | $57.61M | $58.26M | $62.45M | $31.90M | $59.12M | $53.83M | $56.77M | $44.98M | $37.03M | $37.58M | $37.62M | $38.98M | $39.03M | $38.58M | $56.20M | $42.13M | $42.24M |
High Forecast | $67.81M | $65.54M | $62.73M | $60.54M | $59.96M | $58.58M | $56.59M | $55.07M | $55.68M | $55.66M | $53.87M | $82.43M | $56.50M | $57.76M | $58.42M | $74.94M | $38.28M | $59.12M | $53.83M | $68.13M | $44.98M | $37.03M | $37.58M | $45.15M | $38.98M | $39.03M | $38.58M | $67.44M | $42.13M | $42.24M |
Low Forecast | $67.45M | $65.20M | $62.40M | $60.22M | $59.65M | $58.27M | $56.30M | $54.35M | $55.24M | $55.47M | $53.59M | $54.96M | $55.96M | $57.46M | $58.11M | $49.96M | $25.52M | $59.12M | $53.83M | $45.42M | $44.98M | $37.03M | $37.58M | $30.10M | $38.98M | $39.03M | $38.58M | $44.96M | $42.13M | $42.24M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.95% | 1.74% | 0.96% | 0.99% | 0.93% | 1.13% | 1.29% | 1.25% | 1.18% | 1.16% | 1.13% | 1.08% | 0.74% | 1.01% | 1.04% |
Forecast
Independent Bank EPS Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.42 | $1.36 | $1.69 | $1.57 | $1.32 | $1.12 | $0.04 | $1.21 | $1.14 | $1.26 | $1.05 | $1.06 | $0.76 | $0.78 | $1.38 | $1.51 |
Avg Forecast | $1.69 | $1.62 | $1.51 | $1.40 | $1.40 | $1.34 | $1.26 | $1.16 | $1.17 | $1.03 | $1.11 | $1.15 | $1.25 | $1.33 | $1.36 | $1.50 | $1.65 | $1.42 | $1.26 | $1.26 | $1.10 | $1.02 | $1.08 | $1.09 | $1.03 | $0.71 | $0.62 | $1.19 | $1.40 | $1.41 |
High Forecast | $1.70 | $1.63 | $1.52 | $1.40 | $1.41 | $1.34 | $1.27 | $1.21 | $1.23 | $1.04 | $1.12 | $1.15 | $1.28 | $1.36 | $1.36 | $1.53 | $1.66 | $1.42 | $1.31 | $1.26 | $1.10 | $1.02 | $1.11 | $1.09 | $1.03 | $0.71 | $0.62 | $1.19 | $1.40 | $1.41 |
Low Forecast | $1.69 | $1.62 | $1.50 | $1.39 | $1.40 | $1.34 | $1.26 | $1.08 | $1.11 | $1.03 | $1.11 | $1.15 | $1.20 | $1.30 | $1.35 | $1.46 | $1.65 | $1.42 | $1.21 | $1.26 | $1.10 | $1.02 | $1.05 | $1.09 | $1.03 | $0.71 | $0.62 | $1.19 | $1.40 | $1.41 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.91% | 1.02% | 1.11% | 1.05% | 0.89% | 0.04% | 1.19% | 1.06% | 1.15% | 1.02% | 1.48% | 1.22% | 0.65% | 0.99% | 1.07% |
Forecast
Independent Bank Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
INDB | Independent Bank | $70.81 | $78.75 | 11.21% | Strong Buy |
HONE | HarborOne Bancorp | $12.96 | $14.00 | 8.02% | Hold |
NBHC | National Bank | $47.00 | $50.00 | 6.38% | Hold |
CFFN | Capitol Federal Financial | $6.66 | $7.00 | 5.11% | Hold |
FFNW | First Financial Northwest | $22.38 | $23.50 | 5.00% | Hold |
HFWA | Heritage Financial | $25.49 | $26.00 | 2.00% | Hold |
BFST | Business First Bancshares | $27.67 | $28.00 | 1.19% | Buy |
FBNC | First Bancorp | $44.97 | $43.00 | -4.38% | Buy |
FCCO | First Community | $24.33 | $21.00 | -13.69% | Buy |
BSRR | Sierra Bancorp | $30.60 | $25.33 | -17.22% | Hold |
BHLB | Berkshire Hills Bancorp | $29.98 | $23.50 | -21.61% | Hold |