Independent Bank Corporation (IBCP) Social Stream
INDEPENDENT BANK CORP (IBCP) Price Targets From Analysts
Use the tables below to see what analysts covering INDEPENDENT BANK CORP think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-12-20 | 4 | $25 | $24 | $24.333 | $25.48 | -4.5% |
| 2022-01-27 | 4 | $27 | $24 | $25.833 | $25.48 | 1.39% |
| 2022-04-26 | 4 | $26.5 | $24 | $25.5 | $25.48 | 0.08% |
| 2022-04-29 | 4 | $26 | $23 | $24.333 | $25.48 | -4.5% |
| 2022-05-03 | 4 | $24 | $22 | $23 | $25.48 | -9.73% |
| 2022-06-10 | 4 | $24 | $20 | $22.333 | $25.48 | -12.35% |
| 2022-07-28 | 3 | $23 | $20.001 | $21.667 | $25.48 | -14.96% |
| 2022-10-10 | 3 | $23 | $22 | $22.333 | $25.48 | -12.35% |
| 2022-10-20 | 3 | $23 | $21 | $22 | $25.48 | -13.66% |
| 2022-10-25 | 3 | $24.5 | $21 | $22.833 | $25.48 | -10.39% |
| 2022-10-27 | 3 | $24.5 | $21 | $23.333 | $25.48 | -8.43% |
| 2022-11-11 | 4 | $24.5 | $24 | $24.333 | $25.48 | -4.5% |
| 2022-12-13 | 4 | $26 | $24 | $24.75 | $25.48 | -2.86% |
| 2022-12-22 | 4 | $26.5 | $24 | $25.25 | $25.48 | -0.9% |
| 2023-02-14 | 4 | $26.5 | $24 | $25.125 | $25.48 | -1.39% |
| 2023-03-28 | 4 | $26 | $20 | $23.5 | $25.48 | -7.77% |
| 2023-04-27 | 4 | $26 | $19 | $22.25 | $25.48 | -12.68% |
| 2023-05-02 | 4 | $26 | $19 | $21.125 | $25.48 | -17.09% |
| 2023-06-27 | 4 | $26 | $17 | $20.625 | $25.48 | -19.05% |
| 2023-07-07 | 4 | $26 | $17.001 | $20.625 | $25.48 | -19.05% |
| 2023-07-27 | 4 | $26 | $22 | $23 | $25.48 | -9.73% |
| 2023-09-26 | 4 | $22 | $20.5 | $21.375 | $25.48 | -16.11% |
| 2023-10-04 | 4 | $22 | $20.5 | $21.125 | $25.48 | -17.09% |
| 2023-10-25 | 3 | $22 | $21 | $21.333 | $25.48 | -16.28% |
| 2023-10-27 | 3 | $21 | $21 | $21 | $25.48 | -17.58% |
| 2023-12-26 | 3 | $26 | $21 | $22.666 | $25.48 | -11.04% |
The Trend in the Analyst Price Target
IBCP's average price target has moved down $0.17 over the prior 14 months.
IBCP reports an average of 18.02% for its upside potential over the past 48 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-27 | 4 | 26.5 | 24.000 | 25.125 | 21.62 | 16.21% |
| 2023-03-28 | 4 | 26.0 | 20.000 | 23.500 | 17.59 | 33.6% |
| 2023-06-27 | 4 | 26.0 | 17.000 | 20.625 | 17.43 | 18.33% |
| 2023-07-07 | 4 | 26.0 | 17.001 | 20.625 | 17.05 | 20.97% |
| 2023-10-04 | 3 | 22.0 | 20.500 | 21.125 | 17.85 | 18.35% |
IBCP Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 3 | 0 | 0 | 3 |
The Trend in the Broker Recommendations
Over the past 19 months, IBCP's average broker recommendation rating worsened by 0.5.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for IBCP as an investment opportunity.
- IBCP has a greater number of analysts covering the stock than 333.62% of all US stocks.
- IBCP has a lower variance in analysts' estimates than -272.77% of all US stocks.
- In terms of how INDEPENDENT BANK CORP fares relative to all US stocks, note that its upside potential (average analyst target price relative to current price) is greater than 445.51% of that group.
- In terms of how INDEPENDENT BANK CORP fares relative to Financial Services stocks, note that its average analyst price target is greater than 725.01% of that group.
In terms of price targets and recommendations offered by analysts, the stocks in the Banking industry with the ratings most similar to INDEPENDENT BANK CORP are FSBC, ESQ, and BLX.
View All Top Stocks by Price Target
What is the outlook for IBCP? Use POWR Ratings for clearer insight into price direction.