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
Target Low Average Median High
Price $21 $21 $21 $21
Change -17.16% -17.16% -17.16% -17.16%
* 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 '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 00000
Buy 00000
Hold 11111
Sell 00000
Strong Sell 00000
Total 11111

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
Hold
Downgrades
$26
Hold Downgrades $26 +2.56% Dec 13, 2022
DA Davidson
DA Davidson
Strong Buy
Upgrades
n/a
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
More Analyst Ratings

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%
Year 2019202020212022202320242025
Revenue
169.49M191.89M208.34M206.13M200.80M170.25M177.74M
Revenue Growth
8.24%13.22%8.57%-1.06%-2.59%-15.21%4.40%
EPS
2.002.532.882.972.792.882.96
EPS Growth
19.05%26.50%13.83%3.13%-6.06%3.29%2.57%
No. Analysts -----65
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 177.4M 186.2M
Avg 170.3M 177.7M
Low 161.5M 168.2M

Revenue Growth

Revenue Growth 20242025
High
-11.7%
9.4%
Avg
-15.2%
4.4%
Low
-19.6%
-1.2%

EPS Forecast

EPS 20242025
High 3.11 3.19
Avg 2.88 2.96
Low 2.65 2.70

EPS Growth

EPS Growth 20242025
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.