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 13.06% increase from the last price of $31.40.
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 | 13.06% |
Sector | Financial Services Stocks | 3.56% |
Industry | Regional Banks Stocks | 8.84% |
Price Target Trends
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 3 |
Avg Price Target | - | - | $36.17 |
Last Closing Price | $31.40 | $31.40 | $31.40 |
Upside/Downside | - | - | 15.19% |
Ratings Trends
Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
---|---|---|---|---|---|---|
Jun, 25 | - | - | 5 | - | - | 5 |
May, 25 | - | - | 5 | - | - | 5 |
Apr, 25 | - | - | 5 | - | - | 5 |
Mar, 25 | - | - | 4 | - | - | 4 |
Feb, 25 | - | - | 4 | - | - | 4 |
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% | 17.83% |
Jul 30, 2024 | Kevin Reevey | D.A. Davidson | $34.00 | $34.79 | -2.27% | 8.28% |
Jul 29, 2024 | Nathan Rice | Piper Sandler | $37.50 | $34.07 | 10.07% | 19.43% |
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% | - | - | - | - |