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Analysts Have Conflicting Sentiments on These Financial Companies: Riot Platforms (RIOT), Simmons 1st Nat’l (SFNC) and Independent Bank (INDB)

Tipranks - Sat Jul 18, 6:14AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Riot Platforms (RIOT), Simmons 1st Nat’l (SFNC) and Independent Bank (INDB).

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Riot Platforms (RIOT)

In a report released today, Patrick Moley from Piper Sandler maintained a Buy rating on Riot Platforms, with a price target of $23.00. The company’s shares closed last Thursday at $18.82.

According to TipRanks.com, Moley is a 5-star analyst with an average return of 32.7% and a 67.8% success rate. Moley covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Marketaxess Holdings, and Interactive Brokers. ;'>

Riot Platforms has an analyst consensus of Strong Buy, with a price target consensus of $31.00, which is a 59.4% upside from current levels. In a report issued on July 8, Citi also maintained a Buy rating on the stock with a $28.00 price target.

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Simmons 1st Nat’l (SFNC)

Piper Sandler analyst Stephen Scouten maintained a Hold rating on Simmons 1st Nat’l today and set a price target of $24.00. The company’s shares closed last Thursday at $23.25.

According to TipRanks.com, Scouten is a 5-star analyst with an average return of 11.5% and a 70.1% success rate. Scouten covers the Financial sector, focusing on stocks such as USCB Financial Holdings, Inc. Class A, Pinnacle Financial Partners, and Seacoast Banking Of Florida. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Simmons 1st Nat’l with a $24.00 average price target, implying a 3.3% upside from current levels. In a report issued on July 3, TipRanks – PerPlexity also downgraded the stock to Hold with a $25.00 price target.

Independent Bank (INDB)

In a report released today, Justin Crowley from Piper Sandler maintained a Hold rating on Independent Bank, with a price target of $90.00. The company’s shares closed last Thursday at $87.17.

According to TipRanks.com, Crowley is a 5-star analyst with an average return of 18.4% and a 86.8% success rate. Crowley covers the Financial sector, focusing on stocks such as Beacon Financial Corporation, Western New England Bancorp, and Northeast Community Bancorp. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Independent Bank with a $91.60 average price target.

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