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Independent Bank (IBCP) Stock Forecast & Price Target

$31.48
+0.05 (+0.16%)
(As of 07/19/2024 ET)

Independent Bank - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Independent Bank in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 3 have given a hold rating for IBCP.

Consensus Price Target

$28.00
-11.05% Downside
High Forecast$28.00
Average Forecast$28.00
Low Forecast$28.00

According to the 3 analysts' twelve-month price targets for Independent Bank, the average price target is $28.00. The highest price target for IBCP is $28.00, while the lowest price target for IBCP is $28.00. The average price target represents a forecasted downside of -11.05% from the current price of $31.48.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$28.00$28.00N/A$25.00
Forecasted Upside-11.05% Downside12.54% UpsideN/A3.14% Upside
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IBCP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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IBCP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Independent Bank Stock vs. The Competition

TypeIndependent BankFinance CompaniesS&P 500
Consensus Rating Score
2.00
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-12.28% Downside37.29% Upside9.95% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/11/2024Piper Sandler
2 of 5 stars
N. Race
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
4/30/2024DA Davidson
3 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$28.00 ➝ $28.00+12.54%
3/4/2024Hovde Group
3 of 5 stars
 Initiated CoverageMarket Perform
12/12/2022Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Market Perform$26.00+8.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:04 PM ET.

IBCP Forecast - Frequently Asked Questions

What is Independent Bank's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Independent Bank is $28.00, with a high forecast of $28.00 and a low forecast of $28.00.

Should I buy or sell Independent Bank stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IBCP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBCP, but not buy additional shares or sell existing shares.

Does Independent Bank's stock price have much upside?

According to analysts, Independent Bank's stock has a predicted upside of 12.54% based on their 12-month stock forecasts.

Has Independent Bank been upgraded by Wall Street analysts recently?

Over the previous 90 days, Independent Bank's stock had 1 upgrade by analysts.

What analysts cover Independent Bank?

Independent Bank has been rated by research analysts at DA Davidson, and Piper Sandler in the past 90 days.

Do Wall Street analysts like Independent Bank more than its competitors?

Analysts like Independent Bank less than other "finance" companies. The consensus rating score for Independent Bank is 2.00 while the average consensus rating score for "finance" companies is 2.45. Learn more on how IBCP compares to other companies.


This page (NASDAQ:IBCP) was last updated on 7/19/2024 by MarketBeat.com Staff

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