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Independent Bank - IBCP Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $25.00
  • Forecasted Upside: 15.63%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$21.62 As of 01/27/2023 01:00 AM ET
▼ -0.02 (-0.09%)

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 $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.

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 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.

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
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/7/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/5/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/2/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/31/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/30/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/29/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
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 TargetHold$27.00Low
4/24/2018Boenning ScattergoodReiterated RatingHoldMedium
4/24/2018Hovde GroupSet TargetHold$26.00Medium
1/31/2018Boenning ScattergoodReiterated RatingHoldMedium
(Data available from 1/29/2018 forward)

News Sentiment Rating

0.63 (Buy)

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
  • 2 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/3/2022
  • 4 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/2/2022
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/1/2022
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/1/2022
  • 2 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/31/2022
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/30/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
12/30/2022
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/29/2023

Current Sentiment

  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

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 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.
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Today's Range

Now: $21.62
Low: $21.40
High: $22.07

50 Day Range

MA: $23.83
Low: $21.62
High: $24.85

52 Week Range

Now: $21.62
Low: $17.87
High: $24.97

Volume

86,473 shs

Average Volume

85,832 shs

Market Capitalization

$455.53 million

P/E Ratio

7.28

Dividend Yield

4.07%

Beta

0.99

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, Keefe, Bruyette & Woods, and StockNews.com.
View the latest analyst ratings for IBCP.

What is the current price target for Independent Bank?

2 Wall Street analysts have set twelve-month price targets for Independent Bank in the last year. Their average twelve-month price target is $25.00, suggesting a possible upside of 15.6%. Keefe, Bruyette & Woods has the highest price target set, predicting IBCP will reach $26.00 in the next twelve months. DA Davidson has the lowest price target set, forecasting a price of $24.00 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 Mid Penn Bancorp, Five Star Bancorp, CNB Financial, Bridgewater Bancshares and Bank of Marin Bancorp. 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.