NASDAQ:IBCP - Independent Bank Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $15.00
  • Forecasted Upside: -27.50 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$20.69
▼ -0.34 (-1.62%)

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 $15.00
▼ -27.50% 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 $15.00, with a high forecast of $15.00 and a low forecast of $15.00. The average price target represents a -27.50% upside from the last price of $20.69.

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 Buy

The current consensus among 2 contributing investment analysts is to buy stock in Independent Bank. This rating has held steady since March 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/9/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/9/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/7/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/5/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/3/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/4/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/3/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/2/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/2/2020Boenning ScattergoodReiterated RatingNeutralMedium
9/29/2020Piper SandlerLower Price 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
1/31/2019Boenning ScattergoodReiterated RatingHoldLow
10/26/2018Boenning ScattergoodReiterated RatingHoldHigh
10/1/2018DA DavidsonUpgradeNeutral ➝ Buy$27.00Medium
7/30/2018Boenning ScattergoodReiterated RatingHoldLow
7/27/2018Hovde GroupSet Price TargetHold$27.00Low
4/24/2018Boenning ScattergoodReiterated RatingHoldMedium
4/24/2018Hovde GroupSet Price TargetHold$26.00Medium
1/31/2018Boenning ScattergoodReiterated RatingHoldMedium
12/28/2017Boenning ScattergoodReiterated RatingHoldLow
12/18/2017Compass PointUpgradeNeutral ➝ BuyHigh
12/8/2017Keefe, Bruyette & WoodsReiterated RatingHold$24.00Low
12/5/2017Boenning ScattergoodReiterated RatingHoldLow
10/27/2017Boenning ScattergoodReiterated RatingHoldN/A
10/4/2017Keefe, Bruyette & WoodsReiterated RatingHold$22.00Low
7/27/2017Boenning ScattergoodReiterated RatingHoldLow
7/5/2017DA DavidsonInitiated CoverageNeutral$23.00Medium
9/23/2016Hovde GroupInitiated CoverageMarket Perform$17.50N/A
(Data available from 8/2/2016 forward)
Independent Bank logo
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 nine 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.
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Today's Range

Now: $20.69
Low: $20.39
High: $21.67

50 Day Range

MA: $21.72
Low: $19.71
High: $23.56

52 Week Range

Now: $20.69
Low: $12.14
High: $24.73

Volume

241,199 shs

Average Volume

107,458 shs

Market Capitalization

$450.73 million

P/E Ratio

6.43

Dividend Yield

3.99%

Beta

1.13

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: Boenning Scattergood, Piper Sandler, TheStreet, and Zacks Investment Research.
View the latest analyst ratings for IBCP.

What is the current price target for Independent Bank?

1 Wall Street analysts have set twelve-month price targets for Independent Bank in the last year. Their average twelve-month price target is $15.00, suggesting a possible downside of 27.5%. Piper Sandler has the highest price target set, predicting IBCP will reach $15.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $15.00 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 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe IBCP will outperform the market and that investors should add to their positions of Independent Bank.
View the latest ratings for IBCP.

What other companies compete with 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.