Stephens Initiates Coverage of Independent Bank with Overweight Rating, $88 Price Target
Stephens has started coverage of Independent Bank (NASDAQ: INDB), assigning an Overweight rating and setting a price target of $88. The firm forecasts operating EPS of $7.05 for 2026 and $8.14 for 2027, with a 1.54% return on assets and 14.8% return on tangible common equity for 2027.
seekingalpha.comcom reported. 14 for 2027. 8%.
“For 2026-2027, we forecast operating EPS of $7.05 and $8.14, respectively, equaling a 1.54% ROA and 14.8% ROTCE for 2027." Independent Bank is listed on the NASDAQ stock exchange. The initiation of coverage with an Overweight rating indicates Stephens' positive outlook on the bank's financial performance over the next two years based on these forecasts.”
Story Timeline
1 event- 2026-04-16
Stephens initiated coverage of Independent Bank with an Overweight rating and $88 price target.
1 sourceseekingalpha.com
Potential Impact
- 01
The Overweight rating and positive earnings forecasts may influence investor sentiment and trading activity in Independent Bank's stock.
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