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 | $23.19 | 4.93% |
| 2022-01-27 | 4 | $27 | $24 | $25.833 | $23.19 | 11.4% |
| 2022-04-26 | 4 | $27 | $26 | $26.5 | $23.19 | 14.27% |
| 2022-04-29 | 4 | $26 | $23 | $24.333 | $23.19 | 4.93% |
| 2022-05-03 | 4 | $24 | $22 | $23 | $23.19 | -0.82% |
| 2022-06-10 | 4 | $24 | $20 | $22.333 | $23.19 | -3.7% |
| 2022-07-28 | 3 | $23 | $20.001 | $21.667 | $23.19 | -6.57% |
| 2022-10-10 | 3 | $23 | $22 | $22.333 | $23.19 | -3.7% |
| 2022-10-20 | 3 | $23 | $21 | $22 | $23.19 | -5.13% |
| 2022-10-25 | 3 | $24.5 | $21 | $22.833 | $23.19 | -1.54% |
| 2022-10-27 | 3 | $24.5 | $21 | $23.333 | $23.19 | 0.62% |
| 2022-11-11 | 3 | $24.5 | $24 | $24.333 | $23.19 | 4.93% |
| 2022-12-13 | 4 | $26 | $24 | $24.75 | $23.19 | 6.73% |
| 2022-12-22 | 4 | $26.5 | $24 | $25.25 | $23.19 | 8.88% |
| 2023-01-27 | 4 | $26.5 | $24 | $25.125 | $23.19 | 8.34% |
The Trend in the Analyst Price Target
IBCP's average price target has moved up $1.12 over the prior 17 months.
IBCP reports an average of 12.07% for its upside potential over the past 43 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-04-26 | 4 | 26.5 | 24.000 | 25.500 | 20.56 | 24.03% |
| 2022-06-10 | 4 | 24.0 | 20.000 | 22.333 | 18.33 | 21.84% |
| 2022-07-27 | 3 | 23.0 | 20.001 | 21.667 | 20.47 | 5.85% |
| 2022-10-25 | 3 | 24.5 | 21.000 | 22.833 | 21.99 | 3.83% |
| 2022-11-11 | 3 | 24.5 | 24.000 | 24.333 | 24.04 | 1.22% |
IBCP Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.5 | 1 | 0 | 3 | 0 | 0 | 4 |
The Trend in the Broker Recommendations
IBCP's average broker recommendation rating improved by 0 over the prior 44 weeks.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- INDEPENDENT BANK CORP's variance in analysts' estimates is lower than -41.61% of all US stocks.
- IBCP has a higher number of analysts covering the stock than 227.36% of all US stocks.
- In terms of how INDEPENDENT BANK CORP fares relative to stocks in the small market cap category, note that its upside potential (average analyst target price relative to current price) is higher than 195.65% of that group.
- To contextualize these metrics, consider that out of Financial Services stocks, INDEPENDENT BANK CORP's average analyst price target is greater than 395.49% of them.
In the Banking industry, SRCE, FSBC, and ESQ are the three stocks most similar to INDEPENDENT BANK CORP regarding the price target and analyst recommendation information presented here.
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