Independent Bank Corporation (IBCP)

Independent Bank Stock Forecast

Stock Price Forecast

The 3 analysts that cover Independent Bank stock have a consensus rating of "Hold" and an average price target of $37, which forecasts a 2.83% increase in the stock price over the next year. The lowest target is $35 and the highest is $39.

Price Target: $37 (+2.83%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$35	$37	$37	$39
Change	-2.72%	+2.83%	+2.83%	+8.39%

Analyst Ratings

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

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
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
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $36 → $39	Hold	Maintains	$36 → $39	+8.39%	Jan 26, 2026
Peter Winter DA Davidson	DA Davidson	Hold Maintains $35 → $37	Hold	Maintains	$35 → $37	+2.83%	Jul 25, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $38 → $36	Hold	Maintains	$38 → $36	+0.06%	Apr 28, 2025
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $37 → $35	Hold	Maintains	$37 → $35	-2.72%	Apr 25, 2025
Peter Winter DA Davidson	DA Davidson	Hold Maintains $37 → $39	Hold	Maintains	$37 → $39	+8.39%	Jan 28, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

211.82M

Decreased by -3.51%

from 219.52M

Revenue Next Year

223.38M

Increased by 5.46%

from 211.82M

EPS This Year

3.55

Increased by 8.46%

from 3.27

EPS Next Year

3.73

Increased by 5.29%

from 3.55

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	208.34M	206.13M	200.80M	218.14M	219.52M	211.82M	223.38M
Revenue Growth	8.57%	-1.06%	-2.59%	8.64%	0.63%	-3.51%	5.46%
EPS	2.88	2.97	2.79	3.16	3.27	3.55	3.73
EPS Growth	13.83%	3.13%	-6.06%	13.26%	3.48%	8.46%	5.29%
Forward PE	-	-	-	-	-	10.14	9.63
No. Analysts	-	-	-	-	-	6	6

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

Revenue Forecast

Revenue	2026	2027
High	255.4M	267.7M
Avg	211.8M	223.4M
Low	191.3M	202.3M

Revenue Growth

Revenue Growth	2026	2027
High	16.3%	26.4%
Avg	-3.5%	5.5%
Low	-12.8%	-4.5%

EPS Forecast

EPS	2026	2027
High	3.73	3.93
Avg	3.55	3.73
Low	3.37	3.53

EPS Growth

EPS Growth	2026	2027
High	14.0%	10.9%
Avg	8.5%	5.3%
Low	3.1%	-0.5%

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.