Stephens initiated coverage of Independent Bank (INDB) with an Overweight rating and $88 price target The firm’s 2026 and 2027 EPS views are below consensus primarily on higher provisioning expectations and lower forecasted share repurchases, the analyst tells investors in a research note. Stephens adds however that the stock’s premium multiple is warranted by by higher profitability metrics with strong deposits and solid fee income sources, along with a desirable Boston markets with a catalyst in distance from 2025 credit disruption and execution on net interest margin expansion.
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Read More on INDB:
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