Independent Bank Corp. (INDB) Social Stream



Independent Bank Corp. (INDB): $52.02

0.10 (-0.19%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

D

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Industry: Northeast Regional Banks

Industry

F

Ranked

#53 of 65

in industry

INDEPENDENT BANK CORP (INDB) Price Targets From Analysts

The tables below show price targets and recommendations from analysts covering INDEPENDENT BANK CORP.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Current Price Upside Potential
2021-12-13 2 $92 $88 $90 $63.38 42%
2022-03-28 2 $97 $91 $94 $63.38 48.31%
2022-07-22 1 $85 $85 $85 $63.38 34.11%
2022-09-30 1 $83 $83 $83 $63.38 30.96%
2022-10-21 1 $87 $87 $87 $63.38 37.27%
2022-12-06 2 $89 $89 $89 $63.38 40.42%
2022-12-13 2 $100 $89 $94.5 $63.38 49.1%
2023-01-20 3 $100 $83 $91.5 $63.38 44.37%
2023-03-14 3 $100 $72 $86 $63.38 35.69%
2023-04-06 3 $80 $72 $76 $63.38 19.91%
2023-04-21 3 $80 $65 $72.5 $63.38 14.39%
2023-04-25 3 $68 $65 $66.5 $63.38 4.92%
2023-08-31 4 $68 $55 $61.5 $63.38 -2.97%
2023-09-12 4 $68 $45 $56 $63.38 -11.64%
2023-09-25 4 $68 $45 $55.666 $63.38 -12.17%
2023-10-20 4 $68 $51 $59.5 $63.38 -6.12%
2023-12-11 4 $68 $60 $64 $63.38 0.98%
2023-12-20 4 $68 $65 $66.5 $63.38 4.92%

The Trend in the Analyst Price Target


INDB's average price target has moved down $11 over the prior 43 months.

Over the past 48 weeks, INDB's average upside potential has been 16.75%.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Share Price Upside Potential
2023-01-20 3 100 83 91.5 76.91 18.97%
2023-03-14 3 100 72 86.0 68.12 26.25%
2023-04-21 3 80 65 72.5 59.58 21.69%
2023-06-26 3 68 55 61.5 45.79 34.31%
2023-10-20 4 68 51 59.5 45.61 30.45%

INDB Broker Recommendations Summary

Average Broker Rating Strong Buy Buy Hold Sell Strong Sell Analysts Issuing Recs
3 0 0 4 0 0 4

The Trend in the Broker Recommendations


INDB's average broker recommendation rating improved by 0 over the prior 26 weeks.

The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for INDB as an investment opportunity.

  • INDEPENDENT BANK CORP's number of analysts covering the stock is greater than 143.14% of all US stocks.
  • In the context of stocks in the mid market cap category, INDEPENDENT BANK CORP's variance in analysts' estimates is lower than -176.09% of them.
  • In the context of Banking stocks, INDEPENDENT BANK CORP's average analyst price target is greater than 1784.35% of them.
  • In terms of how INDEPENDENT BANK CORP fares relative to Financial Services stocks, note that its upside potential (average analyst target price relative to current price) is greater than 1348.34% of that group.

Stocks similar to INDEPENDENT BANK CORP in the Banking industry regarding analyst recommendations and price targets are SSB, HWC, and SBCF.

Is INDB a Buy, Hold or Sell? See the POWR Ratings now!


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