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Independent Bank Analyst Ratings

IBCPNASDAQ
Logo brought to you by Benzinga Data
$32.78
At close: May 15 EDT
$32.78
0.000.00%
Pre-Market: 4:00 PM EDT
Consensus Rating1
Neutral
Highest Price Target1
$39.00
Lowest Price Target1
$21.00
Consensus Price Target1
$32.75

Independent Bank Analyst Ratings and Price Targets | NASDAQ:IBCP | Benzinga

Independent Bank Corp (Ionia MI) has a consensus price target of $32.75 based on the ratings of 4 analysts. The high is $39 issued by DA Davidson on January 28, 2025. The low is $21 issued by Keefe, Bruyette & Woods on July 26, 2023. The 3 most-recent analyst ratings were released by Piper Sandler, Keefe, Bruyette & Woods, and DA Davidson on April 28, 2025, April 25, 2025, and January 28, 2025, respectively. With an average price target of $36.67 between Piper Sandler, Keefe, Bruyette & Woods, and DA Davidson, there's an implied 11.86% upside for Independent Bank Corp (Ionia MI) from these most-recent analyst ratings.

Analyst Trends and Forecast
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Analyst Firms Making Recommendations1

Piper Sandler
Keefe, Bruyette & Woods
DA Davidson
Keefe, Bruyette & Woods

1calculated from analyst ratings

Analyst Ratings for Independent Bank

Buy NowGet Alert
04/28/2025Buy Now9.82%Piper Sandler
Nathan Race77%
$38 → $36MaintainsNeutralGet Alert
04/25/2025Buy Now6.77%Keefe, Bruyette & Woods
Damon Delmonte58%
$37 → $35MaintainsMarket PerformGet Alert
01/28/2025Buy Now18.97%DA Davidson
Peter Winter67%
$37 → $39MaintainsNeutralGet Alert
01/24/2025Buy Now25.08%Keefe, Bruyette & Woods
Damon Delmonte58%
$39 → $41ReiteratesMarket Perform → Market PerformGet Alert
12/04/2024Buy Now18.97%Keefe, Bruyette & Woods
Damon Delmonte58%
$33 → $39MaintainsMarket PerformGet Alert
07/29/2024Buy Now-5.43%Keefe, Bruyette & Woods
Damon Delmonte58%
$26 → $31ReiteratesMarket Perform → Market PerformGet Alert
07/29/2024Buy Now14.4%Piper Sandler
Nathan Race77%
$27 → $37.5MaintainsNeutralGet Alert
04/30/2024Buy Now-14.58%DA Davidson
Peter Winter67%
$28 → $28MaintainsNeutralGet Alert
07/26/2023Buy Now-35.94%Keefe, Bruyette & Woods
Christopher Mcgratty64%
$20 → $21MaintainsMarket PerformGet Alert
12/13/2022Buy Now-20.68%Keefe, Bruyette & Woods
Christopher Mcgratty64%
→ $26DowngradeOutperform → Market PerformGet Alert

FAQ

Q

What is the target price for Independent Bank (IBCP) stock?

A

The latest price target for Independent Bank (NASDAQ:IBCP) was reported by Piper Sandler on April 28, 2025. The analyst firm set a price target for $36.00 expecting IBCP to rise to within 12 months (a possible 9.82% upside). 7 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Independent Bank (IBCP)?

A

The latest analyst rating for Independent Bank (NASDAQ:IBCP) was provided by Piper Sandler, and Independent Bank maintained their neutral rating.

Q

When was the last upgrade for Independent Bank (IBCP)?

A

There is no last upgrade for Independent Bank

Q

When was the last downgrade for Independent Bank (IBCP)?

A

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).

Q

When is the next analyst rating going to be posted or updated for Independent Bank (IBCP)?

A

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 April 28, 2025 so you should expect the next rating to be made available sometime around April 28, 2026.

Q

Is the Analyst Rating Independent Bank (IBCP) correct?

A

While ratings are subjective and will change, the latest Independent Bank (IBCP) rating was a maintained with a price target of $38.00 to $36.00. The current price Independent Bank (IBCP) is trading at is $32.78, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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