Independent Bank Corporation (IBCP)

NASDAQ: IBCP · IEX Real-Time Price · USD
21.80
-0.03 (-0.14%)
At close: Aug 19, 2022 4:00 PM
21.79
-0.02 (-0.07%)
After-hours: Aug 19, 2022 4:05 PM EDT

Stock Price Forecast

According to 12 stock analysts, the average 12-month stock price forecast for IBCP stock is $23.26, which predicts an increase of 6.7%. The lowest target is $22.22 and the highest is $26.25. On average, analysts rate IBCP stock as a buy.
Analyst Consensus: Buy
Target Low Average Median High
Price $22.22 $23.26 $22.44 $26.25
Change +1.93% +6.70% +2.94% +20.41%

Analyst Ratings

The average analyst rating for IBCP stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Mar '22Apr '22May '22Jun '22Jul '22Aug '22
Strong Buy 222222
Buy 555555
Hold 555555
Sell 000000
Strong Sell 000000
Total 121212121212

Financial Forecast

Revenue This Year
142.91M
Decreased by -31.41%
Revenue Next Year
155.40M
Increased by 8.74%
EPS This Year
2.65
Decreased by -9.01%
EPS Next Year
2.57
Decreased by -3.09%
Year 2017201820192020202120222023202420252026
Revenue
130.52M156.59M169.49M191.89M208.34M142.91M155.40M163.04M170.77M182.43M
Revenue Growth
5.90%
19.98%
8.24%
13.22%
8.57%
-31.41%
8.74%
4.92%
4.74%
6.83%
EPS
0.961.702.032.562.912.652.572.702.682.71
EPS Growth
-9.43%
77.08%
19.41%
26.11%
13.67%
-9.01%
-3.09%
5.34%
-0.86%
1.12%
No. Analysts -----88311

Revenue Forecast

Revenue 20222023202420252026
High 149.4M 161.9M 167.8M 179.3M 189.7M
Avg 142.9M 155.4M 163.0M 170.8M 182.4M
Low 134.9M 147.9M 156.7M 165.6M 177.0M

Revenue Growth

Revenue Growth 20222023202420252026
High
11.7%
13.3%
8.0%
10.0%
11.1%
Avg
6.9%
8.7%
4.9%
4.7%
6.8%
Low
0.9%
3.5%
0.8%
1.6%
3.6%

EPS Forecast

EPS 20222023202420252026
High 2.82 2.70 2.78 2.81 2.82
Avg 2.65 2.57 2.70 2.68 2.71
Low 2.41 2.40 2.60 2.60 2.63

EPS Growth

EPS Growth 20222023202420252026
High
-6.0%
2.1%
8.4%
4.1%
5.2%
Avg
-11.9%
-3.1%
5.3%
-0.9%
1.1%
Low
-19.8%
-9.3%
1.2%
-3.8%
-1.9%