Independent Bank (IBCP) Stock Forecast, Price Target & Predictions
IBCP Stock Forecast
Independent Bank (IBCP) stock forecast, based on 7 Wall Street analysts, predicts a 12-month average price target of $35.50, with a high of $37.00 and a low of $34.00. This represents a 11.36% increase from the last price of $31.88.
IBCP Stock Rating
Independent Bank stock's rating consensus is Hold, based on 7 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (14.29%), 6 Hold (85.71%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).
Hold
IBCP Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Independent Bank | 11.36% |
| Sector | Financial Services Stocks | 8.06% |
| Industry | Regional Banks Stocks | 7.50% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $31.88 | $31.88 | $31.88 |
| Upside/Downside | - | - | - |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Oct, 25 | - | - | 5 | - | - | 5 |
| Sep, 25 | - | - | 5 | - | - | 5 |
| Aug, 25 | - | - | 5 | - | - | 5 |
| Jul, 25 | - | - | 5 | - | - | 5 |
| Jun, 25 | - | - | 5 | - | - | 5 |
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Nathan Rice | Piper Sandler | $37.00 | $33.49 | 10.48% | 16.06% |
| Jul 30, 2024 | Kevin Reevey | D.A. Davidson | $34.00 | $34.79 | -2.27% | 6.65% |
| Jul 29, 2024 | Nathan Rice | Piper Sandler | $37.50 | $34.07 | 10.07% | 17.63% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 28, 2024 | Piper Sandler | Neutral | Neutral | hold |
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | hold |
| Apr 26, 2022 | Zacks Investment Research | Buy | upgrade |
Financial Forecast
EPS Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $2.56 | $2.91 | $3.00 | $2.82 | - | - | - |
| Avg Forecast | $2.64 | $2.85 | $2.44 | $2.82 | $3.03 | $3.14 | $3.37 |
| High Forecast | $2.67 | $2.88 | $2.70 | $2.89 | $3.06 | $3.42 | $3.49 |
| Low Forecast | $2.62 | $2.82 | $2.17 | $2.74 | $2.99 | $2.93 | $3.24 |
| Surprise % | -3.03% | 2.11% | 22.95% | - | - | - | - |
Revenue Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $197.52M | $199.03M | $204.57M | $200.50M | - | - | - |
| Avg Forecast | $211.40M | $205.95M | $207.93M | $211.13M | $215.96M | $230.63M | $244.11M |
| High Forecast | $212.93M | $207.45M | $225.32M | $212.90M | $216.26M | $232.56M | $246.16M |
| Low Forecast | $209.83M | $204.43M | $190.29M | $209.09M | $215.66M | $228.40M | $241.76M |
| Surprise % | -6.56% | -3.36% | -1.62% | -5.04% | - | - | - |
Net Income Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | |
|---|---|---|---|---|---|---|---|
| Reported | $56.15M | $62.90M | $63.35M | $59.07M | - | - | - |
| Avg Forecast | $43.83M | $53.65M | $56.63M | $59.07M | $64.04M | $65.76M | $70.24M |
| High Forecast | $52.60M | $64.38M | $67.96M | $70.88M | $64.79M | $72.35M | $73.84M |
| Low Forecast | $35.06M | $42.92M | $45.31M | $47.25M | $63.29M | $62.04M | $68.63M |
| Surprise % | 28.11% | 17.24% | 11.86% | - | - | - | - |