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Independent Bank Analyst Ratings and Price Targets | NASDAQ:INDB | Benzinga
Independent Bank Corp has a consensus price target of $73.6 based on the ratings of 5 analysts. The high is $100 issued by Keefe, Bruyette & Woods on December 13, 2022. The low is $45 issued by Seaport Global on September 12, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Raymond James, and Keefe, Bruyette & Woods on January 21, 2025, January 21, 2025, and December 12, 2024, respectively. With an average price target of $80 between Keefe, Bruyette & Woods, Raymond James, and Keefe, Bruyette & Woods, there's an implied 25.79% upside for Independent Bank Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
Raymond James
Seaport Global
Seaport Global
Keefe, Bruyette & Woods
1calculated from analyst ratings
Analyst Ratings for Independent Bank
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/21/2025 | Buy Now | 25.79% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $82 → $80 | Maintains | Market Perform | Get Alert |
| 01/21/2025 | Buy Now | 22.64% | Raymond James | Steve Moss67% | $74 → $78 | Reiterates | Strong Buy → Strong Buy | Get Alert |
| 12/12/2024 | Buy Now | 28.93% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $77 → $82 | Maintains | Market Perform | Get Alert |
| 12/04/2024 | Buy Now | 21.07% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $65 → $77 | Maintains | Market Perform | Get Alert |
| 10/21/2024 | Buy Now | 16.35% | Raymond James | Steve Moss67% | → $74 | Upgrade | Market Perform → Strong Buy | Get Alert |
| 10/21/2024 | Buy Now | 2.2% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $62 → $65 | Maintains | Market Perform | Get Alert |
| 07/22/2024 | Buy Now | 2.2% | Seaport Global | Laurie Havener Hunsicker45% | → $65 | Upgrade | Neutral → Buy | Get Alert |
| 04/22/2024 | Buy Now | -5.66% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $64 → $60 | Maintains | Market Perform | Get Alert |
| 01/22/2024 | Buy Now | 0.63% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $66 → $64 | Maintains | Market Perform | Get Alert |
| 10/23/2023 | Buy Now | — | Seaport Global | Laurie Havener Hunsicker45% | — | Upgrade | Sell → Neutral | Get Alert |
| 09/12/2023 | Buy Now | -29.25% | Seaport Global | David Bishop61% | → $45 | Initiates | → Sell | Get Alert |
| 04/25/2023 | Buy Now | 6.92% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $80 → $68 | Maintains | Market Perform | Get Alert |
| 04/06/2023 | Buy Now | 25.79% | Keefe, Bruyette & Woods | Christopher O'Connell64% | $90 → $80 | Maintains | Market Perform | Get Alert |
| 12/21/2022 | Buy Now | — | Raymond James | Steve Moss67% | — | Initiates | → Market Perform | Get Alert |
| 12/13/2022 | Buy Now | 57.23% | Keefe, Bruyette & Woods | Christopher Mcgratty64% | → $100 | Downgrade | Outperform → Market Perform | Get Alert |
FAQ
What is the target price for Independent Bank (INDB) stock?
The latest price target for Independent Bank (NASDAQ:INDB) was reported by Keefe, Bruyette & Woods on January 21, 2025. The analyst firm set a price target for $80.00 expecting INDB to rise to within 12 months (a possible 25.79% upside). 8 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 21, 2024 when Raymond James raised their price target to $74. Raymond James previously had a market perform 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 January 21, 2025 so you should expect the next rating to be made available sometime around January 21, 2026.
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 $82.00 to $80.00. The current price Independent Bank (INDB) is trading at is $63.60, which is out of the analyst’s predicted range.
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