Independent Bank Corporation (IBCP)
NASDAQ: IBCP · IEX Real-Time Price · USD
26.51
+0.03 (0.11%)
May 20, 2024, 1:45 PM EDT - Market open
Independent Bank Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Independent Bank stock have an average target of 24.5, with a low estimate of 21 and a high estimate of 28. The average target predicts a decrease of -7.58% from the current stock price of 26.51.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for IBCP stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold Maintains $28 | Hold | Maintains | $28 | +5.62% | Apr 30, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | -20.78% | Jul 26, 2023 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $26 | Buy → Hold | Downgrades | $26 | -1.92% | 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
169.72M
from 200.80M
Decreased by -15.48%
Revenue Next Year
177.28M
from 169.72M
Increased by 4.45%
EPS This Year
2.88
from 2.79
Increased by 3.20%
EPS Next Year
2.92
from 2.88
Increased by 1.36%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 175.8M | 185.1M |
| Avg | 169.7M | 177.3M |
| Low | 161.5M | 168.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -12.4% | 9.1% |
| Avg | -15.5% | 4.5% |
| Low | -19.6% | -0.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.11 | 3.19 |
| Avg | 2.88 | 2.92 |
| Low | 2.65 | 2.70 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 11.4% | 10.9% |
| Avg | 3.2% | 1.4% |
| Low | -5.1% | -6.2% |
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.