Independent Bank Corp.

INDBNASDAQFinancialsBanks - Regional

$79.88- (-)1Y +16.38%

As of Oct 16, 2026 close

Market cap: $3.71B
P/E (TTM): 13.66
Forward P/E: 9.69
Dividend yield: 3.26%
52-week range: $63.33$87.50
Volume (live): -
Avg. volume (3M): 446.17K

Independent Bank Corp. (INDB) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Independent Bank Corp. stock.

Analyst Consensus Rating

Investment consensus from 5 professional research analysts

Consensus Rating

Buy

Based on 5 unique analysts

Medium Confidence2.0:1 Buy/Sell

Average Price Target

$91.50

+14.55% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest INDB Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 16, 2026	Justin Crowley	Piper Sandler	Maintains	Hold	$90.00 → $91.00 +1.00 (+1.1%)
Oct 15, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Oct 5, 2026	Jared Shaw	Barclays	Maintains	Sell	$82.00
Oct 2, 2026	Steve Moss	Raymond James	Reiterates	Buy	$97.00
Jul 20, 2026	David Konrad	KBW	Maintains	Buy	$99.00 → $96.00 −3.00 (−3.0%)

Justin Crowley

Piper Sandler

HoldMaintains

$90.00 → $91.00

Oct 16

Zacks Equity Research

HoldInitiates Coverage

Oct 15

Jared Shaw

Barclays

SellMaintains

$82.00

Oct 5

Steve Moss

Raymond James

BuyReiterates

$97.00

Oct 2

David Konrad

KBW

BuyMaintains

$99.00 → $96.00

Jul 20

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 16, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for INDB?

The analyst consensus rating for INDB is Buy, based on the latest ratings from 5 analysts over the last 90 days.

What is the average price target for INDB?

The average 12-month price target for INDB is $91.50, representing an upside of 14.5% from the Oct 16, 2026 close of $79.88.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.