Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
37.72
+0.65 (1.75%)
Nov 21, 2024, 4:00 PM EST - Market closed
Independent Bank Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Independent Bank stock have an average target of 32.17, with a low estimate of 28 and a high estimate of 37.5. The average target predicts a decrease of -14.71% from the current stock price of 37.72.
Analyst Consensus: Hold
* Price targets were last updated on Jul 29, 2024.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Reiterates $26 → $31 | Hold | Reiterates | $26 → $31 | -17.82% | Jul 29, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $27 → $38 | Hold | Maintains | $27 → $38 | -0.58% | Jul 29, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $28 | Hold | Maintains | $28 | -25.77% | Apr 30, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -44.33% | Jul 26, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $26 | Buy → Hold | Downgrades | $26 | -31.07% | Dec 13, 2022 |
Financial Forecast
Revenue This Year
170.06M
Revenue Next Year
180.19M
from 170.06M
Increased by 5.96%
EPS This Year
3.11
from 2.79
Increased by 11.56%
EPS Next Year
3.10
from 3.11
Decreased by -0.31%
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 | 3.36 |
| 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% | 8.3% |
| Avg | 11.6% | -0.3% | 3.8% |
| 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.