Independent Bank Corporation (IBCP)
NASDAQ: IBCP · IEX Real-Time Price · USD
31.48
+0.05 (0.16%)
At close: Jul 19, 2024, 4:00 PM
31.47
-0.01 (-0.03%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Independent Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Independent Bank stock have an average target of 24.5, with a low estimate of 21 and a high estimate of 28. The average target predicts a decrease of -22.17% from the current stock price of 31.48.
Analyst Consensus: Hold
* Price targets were last updated on Apr 30, 2024.
Analyst Ratings
The average analyst rating for IBCP stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $28 | Hold | Maintains | $28 | -11.05% | Apr 30, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -33.29% | Jul 26, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $26 | Buy → Hold | Downgrades | $26 | -17.41% | Dec 13, 2022 |
| DA Davidson | DA Davidson | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Oct 1, 2018 |
| DA Davidson | DA Davidson | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 6, 2017 |
Financial Forecast
Revenue This Year
169.93M
from 200.80M
Decreased by -15.37%
Revenue Next Year
178.67M
from 169.93M
Increased by 5.14%
EPS This Year
3.02
from 2.79
Increased by 8.07%
EPS Next Year
3.00
from 3.02
Decreased by -0.37%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 175.9M | 185.2M |
| Avg | 169.9M | 178.7M |
| Low | 161.3M | 168.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -12.4% | 9.0% |
| Avg | -15.4% | 5.1% |
| Low | -19.6% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.16 | 3.21 |
| Avg | 3.02 | 3.00 |
| Low | 2.79 | 2.79 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 13.3% | 6.6% |
| Avg | 8.1% | -0.4% |
| Low | 0.1% | -7.5% |
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.