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Independent Bank - IBCP Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $0.00
  • Forecasted Upside: -100.00%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$24.99 As of 04/26/2024 06:12 PM ET
▼ -0.18 (-0.72%)

This chart shows the closing price for IBCP by one month, three months, or twelve months.

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Analyst Price Target for IBCP

Analyst Price Target is $0.00
▼ -100.00% Downside 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 $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00. The average price target represents a -100.00% upside from the last price of $24.99.

This chart shows the closing price for IBCP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 2 contributing investment analysts is to hold stock in Independent Bank. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/4/2024Hovde GroupInitiated CoverageMarket PerformLow
7/7/2023DA DavidsonReiterated RatingNeutralLow
12/12/2022Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$26.00Low
11/16/2022DA DavidsonBoost Target$24.00Low
7/27/2022DA DavidsonReiterated RatingNeutralLow
6/9/2022DA DavidsonLower Target$20.00Medium
7/29/2021Boenning ScattergoodReiterated RatingNeutralHigh
10/2/2020Boenning ScattergoodReiterated RatingNeutralMedium
9/29/2020Piper SandlerLower TargetOverweight$17.50 ➝ $15.00Low
5/26/2020Piper SandlerReiterated RatingBuyHigh
4/1/2020Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ OutperformLow
1/29/2020StephensUpgradeBuyLow
1/17/2020DA DavidsonDowngradeBuy ➝ Neutral$26.00 ➝ $24.00Medium
1/14/2020Boenning ScattergoodReiterated RatingNeutralLow
11/18/2019DA DavidsonReiterated RatingBuyMedium
5/2/2019Boenning ScattergoodReiterated RatingHoldLow
(Data available from 4/26/2019 forward)

News Sentiment Rating

0.24 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/29/2023
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/28/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 4 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/26/2024
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
3/27/2024
  • 2 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 2 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Independent Bank logo
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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Today's Range

Now: $24.99
Low: $24.94
High: $25.71

50 Day Range

MA: $24.31
Low: $23.14
High: $25.35

52 Week Range

Now: $24.99
Low: $14.90
High: $27.39

Volume

54,982 shs

Average Volume

77,921 shs

Market Capitalization

$522.54 million

P/E Ratio

8.96

Dividend Yield

3.82%

Beta

0.97

Frequently Asked Questions

What sell-side analysts currently cover shares of Independent Bank?

The following equities research analysts have issued reports on Independent Bank in the last twelve months: DA Davidson, Hovde Group, and StockNews.com.
View the latest analyst ratings for IBCP.

What is the current price target for Independent Bank?

0 Wall Street analysts have set twelve-month price targets for Independent Bank in the last year. has the lowest price target set, forecasting a price of $10,000,000.00 for Independent Bank in the next year.
View the latest price targets for IBCP.

What is the current consensus analyst rating for Independent Bank?

Independent Bank currently has 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in IBCP, but not buy more shares or sell existing shares.
View the latest ratings for IBCP.

What other companies compete with Independent Bank?

Other companies that are similar to Independent Bank include Equity Bancshares, Midland States Bancorp, Central Pacific Financial, Horizon Bancorp and Coastal Financial. Learn More about companies similar to Independent Bank.

How do I contact Independent Bank's investor relations team?

Independent Bank's physical mailing address is 4200 E BELTLINE, GRAND RAPIDS MI, 49525. The financial services provider's listed phone number is (616) 527-5820 and its investor relations email address is [email protected]. The official website for Independent Bank is www.independentbank.com. Learn More about contacing Independent Bank investor relations.