Independent Bank - INDB Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $69.50
  • Forecasted Upside: 7.82%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 2 Strong Buy Ratings
$64.46
▲ +1.29 (2.04%)

This chart shows the closing price for INDB by one month, three months, or twelve months.

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Analyst Price Target for INDB

Analyst Price Target is $69.50
▲ +7.82% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Independent Bank in the last 3 months. The average price target is $69.50, with a high forecast of $74.00 and a low forecast of $65.00. The average price target represents a 7.82% upside from the last price of $64.46.

This chart shows the closing price for INDB for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 contributing investment analysts is to buy stock in Independent Bank. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/9/2023
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/7/2023
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/5/2023
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/3/2024
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/3/2024
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/1/2024
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/30/2024
  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/30/2024

Latest Recommendations

  • 2 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/21/2024Raymond JamesUpgradeMarket Perform ➝ Strong-Buy$74.00
10/21/2024Keefe, Bruyette & WoodsBoost TargetMarket Perform ➝ Market Perform$62.00 ➝ $65.00
7/22/2024Seaport Res PtnUpgradeHold ➝ Strong-Buy
4/22/2024Keefe, Bruyette & WoodsLower TargetMarket Perform ➝ Market Perform$64.00 ➝ $60.00
1/22/2024Keefe, Bruyette & WoodsLower TargetMarket Perform ➝ Market Perform$66.00 ➝ $64.00
10/23/2023Seaport Res PtnUpgradeSell ➝ Neutral
9/12/2023Seaport Res PtnReiterated RatingSell
4/6/2023Keefe, Bruyette & WoodsLower TargetMarket Perform$90.00 ➝ $80.00
3/14/2023Piper SandlerLower Target$83.00 ➝ $72.00
12/20/2022Raymond JamesInitiated CoverageMarket Perform
12/12/2022Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$100.00
10/27/2022Compass PointLower Target$100.00
10/5/2022Piper SandlerLower Target$83.00
7/25/2022Compass PointBoost Target$107.00
10/25/2021Piper SandlerDowngradeOverweight ➝ Neutral$82.00 ➝ $88.00
4/23/2021Piper SandlerUpgradeNeutral ➝ Overweight$86.00 ➝ $90.00
10/26/2020Compass PointUpgradeNeutral ➝ Buy$70.00
9/28/2020Piper SandlerLower TargetNeutral$68.00 ➝ $58.00
9/14/2020DA DavidsonReiterated RatingNeutral
6/24/2020Piper SandlerDowngradeOverweight ➝ Neutral$74.00 ➝ $67.00
6/8/2020DA DavidsonDowngradeBuy ➝ Neutral$75.00 ➝ $82.00
3/16/2020DA DavidsonUpgradeNeutral ➝ Buy$83.00 ➝ $68.00
3/4/2020Compass PointDowngradeBuy ➝ Neutral$91.00 ➝ $76.00
12/9/2019G.ResearchReiterated RatingHold
12/9/2019GabelliInitiated CoverageHold$98.00
(Data available from 10/30/2019 forward)

News Sentiment Rating

0.88 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/3/2024
  • 6 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
5/3/2024
  • 8 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/2/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/2/2024
  • 13 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/1/2024
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/31/2024
  • 17 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/30/2024
  • 17 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/30/2024

Current Sentiment

  • 17 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Independent Bank logo
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.
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Today's Range

Now: $64.46
Low: $62.31
High: $65.10

50 Day Range

MA: $60.81
Low: $56.88
High: $65.09

52 Week Range

Now: $64.46
Low: $45.11
High: $68.75

Volume

61,414 shs

Average Volume

280,739 shs

Market Capitalization

$2.74 billion

P/E Ratio

14.01

Dividend Yield

3.63%

Beta

0.74

Frequently Asked Questions

What sell-side analysts currently cover shares of Independent Bank?

The following Wall Street research analysts have issued stock ratings on Independent Bank in the last year: Keefe, Bruyette & Woods, Raymond James, Seaport Res Ptn, StockNews.com, and TheStreet.
View the latest analyst ratings for INDB.

What is the current price target for Independent Bank?

2 Wall Street analysts have set twelve-month price targets for Independent Bank in the last year. Their average twelve-month price target is $69.50, suggesting a possible upside of 7.8%. Raymond James has the highest price target set, predicting INDB will reach $74.00 in the next twelve months. Keefe, Bruyette & Woods has the lowest price target set, forecasting a price of $65.00 for Independent Bank in the next year.
View the latest price targets for INDB.

What is the current consensus analyst rating for Independent Bank?

Independent Bank currently has 1 hold rating and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe INDB will outperform the market and that investors should add to their positions of Independent Bank.
View the latest ratings for INDB.

What other companies compete with Independent Bank?

How do I contact Independent Bank's investor relations team?

Independent Bank's physical mailing address is 2036 WASHINGTON STREET, HANOVER MA, 02370. The bank's listed phone number is (781) 878-6100 and its investor relations email address is [email protected]. The official website for Independent Bank is www.rocklandtrust.com. Learn More about contacing Independent Bank investor relations.