Analyst Price Target is $25.00
▲ +15.63% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Independent Bank in the last 3 months. The average price target is $25.00, with a high forecast of $26.00 and a low forecast of $24.00. The average price target represents a 15.63% upside from the last price of $21.62.
Current Consensus is
The current consensus among 2 polled investment analysts is to hold stock in Independent Bank. This rating has held steady since September 2021, when it changed from a Buy consensus rating.
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.