NASDAQ:INDB - Independent Bank Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $91.00
  • Forecasted Upside: 11.40 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$81.69
▼ -4.17 (-4.86%)

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 $91.00
▲ +11.40% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Independent Bank in the last 3 months. The average price target is $91.00, with a high forecast of $94.00 and a low forecast of $88.00. The average price target represents a 11.40% upside from the last price of $81.69.

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 2 contributing investment analysts is to buy stock in Independent Bank. This rating has held steady since December 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/4/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
9/2/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
12/1/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/1/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/30/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/28/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/27/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/26/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/25/2021Piper SandlerDowngradeOverweight ➝ Neutral$82.00 ➝ $88.00High
4/26/2021Seaport Global SecuritiesUpgradeNeutral ➝ Buy$94.00Medium
4/23/2021Piper SandlerUpgradeNeutral ➝ Overweight$86.00 ➝ $90.00Low
12/17/2020Seaport Global SecuritiesInitiated CoverageNeutralHigh
10/26/2020Compass PointUpgradeNeutral ➝ Buy$70.00Low
9/28/2020Piper SandlerLower Price TargetNeutral$68.00 ➝ $58.00Medium
9/14/2020DA DavidsonReiterated RatingNeutralLow
6/24/2020Piper SandlerDowngradeOverweight ➝ Neutral$74.00 ➝ $67.00High
6/8/2020DA DavidsonDowngradeBuy ➝ Neutral$75.00 ➝ $82.00Medium
3/16/2020DA DavidsonUpgradeNeutral ➝ Buy$83.00 ➝ $68.00High
3/4/2020Compass PointDowngradeBuy ➝ Neutral$91.00 ➝ $76.00Low
12/9/2019G.ResearchReiterated RatingHoldLow
12/9/2019GabelliInitiated CoverageHold$98.00Low
7/22/2019DA DavidsonReiterated RatingNeutralMedium
7/19/2019Compass PointUpgradeNeutral ➝ Buy$77.00 ➝ $83.00High
7/11/2019DA DavidsonInitiated CoverageNeutral ➝ Neutral$81.00High
4/3/2019Sandler O'NeillUpgradeHold ➝ BuyMedium
1/8/2019Compass PointDowngradeBuy ➝ NeutralHigh
7/22/2018Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ OutperformHigh
7/20/2018Sandler O'NeillReiterated RatingHold$88.00Low
5/31/2018Piper Jaffray CompaniesBoost Price TargetNeutral ➝ Neutral$79.00 ➝ $80.00Low
1/21/2018Keefe, Bruyette & WoodsReiterated RatingHoldLow
12/18/2017Compass PointUpgradeNeutral ➝ BuyHigh
10/11/2017Compass PointDowngradeBuy ➝ Neutral$76.00N/A
10/3/2017Keefe, Bruyette & WoodsReiterated RatingHold$73.00Low
7/21/2017Compass PointUpgradeNeutral ➝ Buy$72.00High
6/28/2017Keefe, Bruyette & WoodsReiterated RatingHold$71.00Low
5/15/2017Sandler O'NeillUpgradeSell ➝ HoldLow
5/15/2017Piper Jaffray CompaniesInitiated CoverageNeutral$63.00High
3/28/2017Compass PointUpgradeSell ➝ NeutralLow
(Data available from 11/27/2016 forward)

News Sentiment Rating

0.62 (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
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/1/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/31/2021
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/30/2021
  • 0 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/30/2021
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/29/2021
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/28/2021
  • 0 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/28/2021
  • 2 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/27/2021

Current Sentiment

  • 2 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Independent Bank logo
Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.
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Today's Range

Now: $81.69
Low: $80.24
High: $84.57

50 Day Range

MA: $82.58
Low: $70.13
High: $91.72

52 Week Range

Now: $81.69
Low: $66.84
High: $99.85

Volume

181,696 shs

Average Volume

205,271 shs

Market Capitalization

$2.70 billion

P/E Ratio

17.53

Dividend Yield

2.24%

Beta

0.98

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: Piper Sandler, Seaport Global Securities, TheStreet, and Zacks Investment Research.
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 $91.00, suggesting a possible upside of 11.4%. Seaport Global Securities has the highest price target set, predicting INDB will reach $94.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $88.00 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 1 buy rating 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.

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.