The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Independent Bank Corp is $37.00, about 2.7% above its July 22 closing price of $36.01
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
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