Independent Bank Stock (NASDAQ:IBCP), Analyst Ratings, Price Targets, Predictions

The latest price target for Independent Bank (NASDAQ: IBCP) was reported by Keefe, Bruyette & Woods on July 26, 2023. The analyst firm set a price target for $21.00 expecting IBCP to fall to within 12 months (a possible -11.63% downside). 1 analyst firms have reported ratings in the last year.

The latest analyst rating for Independent Bank (NASDAQ: IBCP) was provided by Keefe, Bruyette & Woods, and Independent Bank maintained their market perform rating.

There is no last upgrade for Independent Bank.

The last downgrade for Independent Bank Corp (Ionia MI) happened on December 13, 2022 when Keefe, Bruyette & Woods changed their price target from N/A to $26 for Independent Bank Corp (Ionia MI).

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Independent Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Independent Bank was filed on July 26, 2023 so you should expect the next rating to be made available sometime around July 26, 2024.

While ratings are subjective and will change, the latest Independent Bank (IBCP) rating was a maintained with a price target of $20.00 to $21.00. The current price Independent Bank (IBCP) is trading at is $23.77, which is out of the analyst’s predicted range.