Independent Bank Corporation (IBCP)
NASDAQ: IBCP · IEX Real-Time Price · USD
25.35
+0.28 (1.12%)
Mar 28, 2024, 4:00 PM EDT - Market closed
Independent Bank Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Independent Bank stock has a target of 21, which predicts a decrease of -17.16% from the current stock price of 25.35.
Analyst Consensus: Hold
* Price targets were last updated on Jul 26, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for IBCP is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 |
Buy | 0 | 0 | 0 | 0 | 0 |
Hold | 1 | 1 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
Total | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -17.16% | Jul 26, 2023 |
Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $26 | Buy → Hold | Downgrades | $26 | +2.56% | 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
170.25M
from 200.80M
Decreased by -15.21%
Revenue Next Year
177.74M
from 170.25M
Increased by 4.40%
EPS This Year
2.88
from 2.79
Increased by 3.29%
EPS Next Year
2.96
from 2.88
Increased by 2.57%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 177.4M | 186.2M |
Avg | 170.3M | 177.7M |
Low | 161.5M | 168.2M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | -11.7% | 9.4% |
Avg | -15.2% | 4.4% |
Low | -19.6% | -1.2% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 3.11 | 3.19 |
Avg | 2.88 | 2.96 |
Low | 2.65 | 2.70 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 11.4% | 10.8% |
Avg | 3.3% | 2.6% |
Low | -5.1% | -6.3% |
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.