Independent Bank Corporation (IBCP) Stock Forecast & Price Target
Independent Bank Corporation · NASDAQ
$38.67+1.09 (+2.90%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 4 firms covering Independent Bank Corporation, 1 rate it Buy or better, 3 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets are tightly clustered, $37.00 to $41.00, so the covering firms are broadly aligned. The average target of $38.25 sits 1% below the current $38.67. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 0 to 1 over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.94 next quarter toward $3.87 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS4 ratings
Moderate Buy
Strong Buy00%
Buy125%
Hold375%
Sell00%
Strong Sell00%
Based on 4 analysts giving stock ratings to Independent Bank Corporation.
As of Jul, 1 of 4 firms rate IBCP a Buy (3 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
IBCP EPS & revenue forecast
EPS · NEXT QUARTER
$0.94
Range $0.92 – $0.96 · 3 analysts · +5% YoY
Next period, 3 analysts expect Independent Bank Corporation to earn $0.94 a share (range $0.92 – $0.96), versus $0.89 a year earlier. Full-year consensus is $3.58, growing to $3.87 the year after.
REVENUE · NEXT QUARTER
$59.1M
Range $54.4M – $67.8M · 3 analysts · +27% YoY
Revenue is expected to reach $59.1M (range $54.4M – $67.8M), +27.5% year-over-year. Full-year consensus is $221.3M, rising to $243.0M next year.
Top analysts covering Independent Bank Corporation
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on IBCP.
#1
Nathan Race
Piper Sandler · Rank #42
Hold
$37.00-4.3% to target
Overall win rate
53%
+ Follow
#2
DD
Damon Delmonte
Keefe, Bruyette & Woods · Rank #138
Hold
$38.00-1.7% to target
Overall win rate
45%
+ Follow
#3
PW
Peter Winter
DA Davidson
Hold
$37.00-4.3% to target
Coverage
—
+ Follow
#4
BN
Brendan Nosal
Hovde Group
Buy
$41.00+6.0% to target
Coverage
—
+ Follow
IBCP stock forecast FAQ
What is IBCP's average 12-month price target?+
The 4 analysts with a live target average $38.25 for Independent Bank Corporation over the next 12 months, ranging from a $41.00 high to a $37.00 low.
Is IBCP stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 4 analyst ratings, 1 are Buy or Strong Buy, 3 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for IBCP?+
The Street-high target is $41.00 (Hovde Group), and the Street-low is $37.00 (DA Davidson). The average of all 4 active targets is $38.25.
How many Wall Street analysts cover IBCP?+
4 analysts have an active rating on Independent Bank Corporation, and 4 firms carry a live 12-month price target.
Who is the most accurate analyst covering IBCP?+
Among analysts who currently cover IBCP, Nathan Race of Piper Sandler has the strongest overall Quantellect track record (Rank #42). Their current call is Hold with a $37.00 target.
What is Independent Bank Corporation's projected EPS for next quarter?+
The consensus estimate is $0.94 per share (range $0.92 – $0.96) across 3 analysts. Full-year EPS is projected at $3.58, rising to $3.87 the following year.
How much revenue is Independent Bank Corporation expected to report next quarter?+
Consensus revenue is $59.1M (range $54.4M – $67.8M). Full-year revenue is projected at $221.3M, growing to $243.0M next year.
Have analysts been upgrading or downgrading IBCP lately?+
As of Jul, 1 of 4 firms rate IBCP a Buy (3 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their IBCP calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
