$61.64
1.53% today
Nasdaq, Nov 04, 09:13 pm CET
ISIN
US4538361084
Symbol
INDB

Independent Bank Corp. Target price 2024 - Analyst rating & recommendation

Independent Bank Corp. Classifications & Recommendation:

Buy
50%
Hold
50%

Independent Bank Corp. Price Target

Target Price $68.75
Price $62.60
Potential
Number of Estimates 4
4 Analysts have issued a price target Independent Bank Corp. 2025 . The average Independent Bank Corp. target price is $68.75. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 4 analysts: 2 Analysts recommend Independent Bank Corp. to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Independent Bank Corp. stock has an average upside potential 2025 of . Most analysts recommend the Independent Bank Corp. stock at Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 916.38 689.67
21.38% 24.74%
Net Margin 25.13% 27.75%
21.52% 10.45%

2 Analysts have issued a sales forecast Independent Bank Corp. 2024 . The average Independent Bank Corp. sales estimate is

$690m
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. This is
28.79% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$691m 28.65%
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, the lowest is
$688m 28.93%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $916m 21.38%
2024
$690m 24.74%
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2025
$723m 4.81%
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2026
$802m 10.89%
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4 Independent Bank Corp. Analysts have issued a net profit forecast 2024. The average Independent Bank Corp. net profit estimate is

$191m
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. This is
2.07% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$194m 0.87%
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, the lowest is
$189m 3.26%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $230m 4.75%
2024
$191m 16.88%
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2025
$220m 14.82%
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2026
$265m 20.38%
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Net Margin

2023 25.13% 21.52%
2024
27.75% 10.45%
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2025
30.40% 9.55%
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2026
33.00% 8.55%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 5.42 4.51
4.75% 16.79%
P/E 13.90
EV/Sales 4.52

4 Analysts have issued a Independent Bank Corp. forecast for earnings per share. The average Independent Bank Corp. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$4.51
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. This is
1.96% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$4.56 0.87%
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, the lowest is
$4.45 3.26%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $5.42 4.75%
2024
$4.51 16.79%
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2025
$5.17 14.63%
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2026
$6.23 20.50%
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P/E ratio

Current 13.61 68.02%
2024
13.90 2.13%
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2025
12.10 12.95%
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2026
10.05 16.94%
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Based on analysts' sales estimates for 2024, the Independent Bank Corp. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.22 0.92%
2024
4.52 40.44%
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2025
4.31 4.59%
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2026
3.89 9.82%
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P/S ratio

Current 2.74 17.78%
2024
3.85 40.43%
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2025
3.67 4.59%
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2026
3.31 9.83%
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