Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 38.5 USD 2.07% Market Closed
Market Cap: 804.3m USD
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Wall Street
Price Targets

IBCP Price Targets Summary
Independent Bank Corp (Michigan)

Wall Street analysts forecast IBCP stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for IBCP is 35.7 USD with a low forecast of 33.33 USD and a high forecast of 38.85 USD.

Lowest
Price Target
33.33 USD
13% Downside
Average
Price Target
35.7 USD
7% Downside
Highest
Price Target
38.85 USD
1% Upside

IBCP Last Price Targets
Independent Bank Corp (Michigan)

The latest public price target was made on Oct 28, 2024 by Nathan Rice from Piper Sandler , who expects IBCP stock to drop by 4% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Nathan Rice
Piper Sandler
37 USD
Downside 4%
3 weeks ago
Oct 28, 2024
Independent Bank (IBCP) PT Lowered to $37 at Piper Sandler
StreetInsider
Kevin Reevey
D.A. Davidson
34 USD
Downside 12%
3 months ago
Jul 30, 2024
Independent Bank (IBCP) PT Raised to $34 at DA Davidson
StreetInsider
Nathan Rice
Piper Sandler
37.5 USD
Downside 3%
3 months ago
Jul 29, 2024
Independent Bank (IBCP) PT Raised to $37.50 at Piper Sandler
StreetInsider
Nathan Rice
Piper Sandler
Price Target 37 USD
Upside/Downside 4%
View Source
Kevin Reevey
D.A. Davidson
Price Target 34 USD
Upside/Downside 12%
View Source
Nathan Rice
Piper Sandler
Price Target 37.5 USD
Upside/Downside 3%
View Source
Independent Bank Corp (Michigan) Competitors:
Price Targets
HBAN
Huntington Bancshares Inc
1% Upside
BFC
Bank First Corp
4% Downside
EWBC
East West Bancorp Inc
0% Downside
BOKF
BOK Financial Corp
0% Upside
EQBK
Equity Bancshares Inc
1% Downside
FITB
Fifth Third Bancorp
3% Upside
MRBK
Meridian Corp
5% Upside
OBT
Orange County Bancorp Inc
11% Upside

Revenue
Forecast

Revenue Estimate
Independent Bank Corp (Michigan)

For the last 8 years the compound annual growth rate for Independent Bank Corp (Michigan)'s revenue is 8%. The projected CAGR for the next 3 years is -3%.

8%
Past Growth
-3%
Estimated Growth
Estimates Accuracy
36%
Average Beat

Net Income
Forecast

Net Income Estimate
Independent Bank Corp (Michigan)

For the last 8 years the compound annual growth rate for Independent Bank Corp (Michigan)'s net income is 14%. The projected CAGR for the next 3 years is 4%.

14%
Past Growth
4%
Estimated Growth
Estimates Accuracy
4%
Average Beat

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is IBCP's stock price target?
Price Target
35.7 USD

According to Wall Street analysts, the average 1-year price target for IBCP is 35.7 USD with a low forecast of 33.33 USD and a high forecast of 38.85 USD.

What is Independent Bank Corp (Michigan)'s Revenue forecast?
Projected CAGR
-3%

For the last 8 years the compound annual growth rate for Independent Bank Corp (Michigan)'s revenue is 8%. The projected CAGR for the next 3 years is -3%.

What is Independent Bank Corp (Michigan)'s Net Income forecast?
Projected CAGR
4%

For the last 8 years the compound annual growth rate for Independent Bank Corp (Michigan)'s net income is 14%. The projected CAGR for the next 3 years is 4%.

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