Independent Bank Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 34.83, with a low estimate of 28 and a high estimate of 39. The average target predicts a decrease of -0.88% from the current stock price of 35.14.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$34.83	$37.5	$39
Change	-20.32%	-0.88%	+6.72%	+10.98%

Analyst Ratings

The average analyst rating for IBCP stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $33 → $39	Hold	Maintains	$33 → $39	+10.98%	Dec 4, 2024
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Reiterates $26 → $31	Hold	Reiterates	$26 → $31	-11.78%	Jul 29, 2024
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $27 → $38	Hold	Maintains	$27 → $38	+6.72%	Jul 29, 2024
Peter Winter DA Davidson	DA Davidson	Hold Maintains $28	Hold	Maintains	$28	-20.32%	Apr 30, 2024
Christopher Mcgratty Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $20 → $21	Hold	Maintains	$20 → $21	-40.24%	Jul 26, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

170.06M

Revenue Next Year

180.19M

from 170.06M

5.96%

from 170.06M

EPS This Year

3.11

from 2.79

11.56%

from 2.79

EPS Next Year

3.10

from 3.11

-0.31%

from 3.11

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	170.06M	180.19M	190.02M
Revenue Growth	8.24%	13.22%	8.57%	-1.06%	-2.59%	-	5.96%	5.46%
EPS	2.00	2.53	2.88	2.97	2.79	3.11	3.10	3.22
EPS Growth	19.05%	26.50%	13.83%	3.13%	-6.06%	11.56%	-0.31%	3.90%
Forward PE	-	-	-	-	-	11.29	11.33	10.90
No. Analysts	-	-	-	-	-	7	7	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	175.3M	186.6M	198.0M
Avg	170.1M	180.2M	190.0M
Low	162.9M	171.9M	179.2M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	9.7%	9.9%
Avg	-	6.0%	5.5%
Low	-	1.1%	-0.5%

EPS Forecast

EPS	2024	2025	2026
High	3.23	3.28	3.37
Avg	3.11	3.10	3.22
Low	2.97	2.87	3.07

EPS Growth

EPS Growth	2024	2025	2026
High	15.8%	5.2%	8.5%
Avg	11.6%	-0.3%	3.9%
Low	6.4%	-7.8%	-1.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.