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.
Current Consensus is
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.
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.