Independent Bank (IBCP) Stock Forecast, Price Target & Predictions
IBCP Stock Forecast
Independent Bank stock forecast is as follows: an average price target of $35.50 (represents a -5.89% downside from IBCP’s last price of $37.72) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
IBCP Price Target
The average price target for Independent Bank (IBCP) is $35.50 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $37.00 to $34.00. This represents a potential -5.89% downside from IBCP's last price of $37.72.
IBCP Analyst Ratings
According to 2 Wall Street analysts, Independent Bank's rating consensus is 'Buy'. The analyst rating breakdown for IBCP stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Independent Bank Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 28, 2024 | Nathan Rice | Piper Sandler | $37.00 | $33.49 | 10.48% | -1.91% |
| Jul 30, 2024 | Kevin Reevey | D.A. Davidson | $34.00 | $34.79 | -2.27% | -9.86% |
| Jul 29, 2024 | Nathan Rice | Piper Sandler | $37.50 | $34.07 | 10.07% | -0.58% |
The latest Independent Bank stock forecast, released on Oct 28, 2024 by Nathan Rice from Piper Sandler, set a price target of $37.00, which represents a 10.48% increase from the stock price at the time of the forecast ($33.49), and a -1.91% decrease from IBCP last price ($37.72).
Independent Bank Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $37.00 | $37.00 | $36.17 |
| Last Closing Price | $37.72 | $37.72 | $37.72 |
| Upside/Downside | -1.91% | -1.91% | -4.11% |
In the current month, the average price target of Independent Bank stock is $37.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -1.91% decrease as opposed to Independent Bank's last price of $37.72. This month's average price target is down 0.00% compared to last quarter, and up 2.29% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 28, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Buy | Upgrade |
Independent Bank's last stock rating was published by Piper Sandler on Oct 28, 2024. The company gave IBCP a "Neutral" rating, the same as its previous rate.
Independent Bank Financial Forecast
Independent Bank Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $79.12M | $53.40M | $52.09M | $47.37M | $50.35M | $18.00K | $141.00K | $50.43M | $48.18M | $51.56M | $43.96M | $55.09M | $52.37M | $57.19M | $49.15M | $39.53M | $44.80M | $41.54M |
| Avg Forecast | $60.36M | $60.17M | $58.49M | $56.95M | $57.93M | $58.08M | $56.00M | $54.20M | $55.14M | $54.86M | $53.42M | $52.19M | $53.94M | $51.89M | $50.19M | $50.81M | $54.95M | $51.62M | $47.76M | $46.80M | $51.68M | $47.54M | $48.16M | $47.55M | $52.82M | $47.38M | $45.57M | $43.96M | $45.01M | $43.30M |
| High Forecast | $65.72M | $65.51M | $63.68M | $62.01M | $63.08M | $63.24M | $60.97M | $59.01M | $55.34M | $54.92M | $53.42M | $56.82M | $58.73M | $55.79M | $54.65M | $55.32M | $59.83M | $51.62M | $47.76M | $46.80M | $51.68M | $47.54M | $48.16M | $47.55M | $52.82M | $47.38M | $45.57M | $43.96M | $45.01M | $43.30M |
| Low Forecast | $57.93M | $57.74M | $56.13M | $54.66M | $55.60M | $55.75M | $53.74M | $52.02M | $54.94M | $54.79M | $53.42M | $50.08M | $51.77M | $42.43M | $48.17M | $48.76M | $52.73M | $51.62M | $47.76M | $46.80M | $51.68M | $47.54M | $48.16M | $47.55M | $52.82M | $47.38M | $45.57M | $43.96M | $45.01M | $43.30M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.47% | 1.03% | 1.04% | 0.93% | 0.92% | 0.00% | 0.00% | 1.08% | 0.93% | 1.08% | 0.91% | 1.16% | 0.99% | 1.21% | 1.08% | 0.90% | 1.00% | 0.96% |
Independent Bank's average Quarter revenue forecast for Mar 24 based on 1 analysts is $52.19M, with a low forecast of $50.08M, and a high forecast of $56.82M. IBCP's average Quarter revenue forecast represents a -34.04% decrease compared to the company's last Quarter revenue of $79.12M (Dec 23).
Independent Bank EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.65M | $18.20M | $31.37M | $31.45M | $28.88M | $21.05M | $26.68M | $20.27M | $24.69M | $20.28M | $32.52M | $28.74M | $29.27M | $23.92M | $12.94M | $25.05M | $24.03M |
| Avg Forecast | $24.30M | $24.22M | $23.55M | $22.93M | $23.32M | $23.39M | $22.54M | $21.82M | $22.20M | $22.09M | $21.51M | $27.61M | $21.72M | $20.89M | $20.21M | $25.10M | $24.69M | $18.42M | $17.04M | $22.82M | $18.45M | $16.97M | $17.19M | $17.41M | $18.85M | $16.91M | $16.26M | $16.68M | $16.06M | $15.45M |
| High Forecast | $26.46M | $26.37M | $25.64M | $24.96M | $25.40M | $25.46M | $24.55M | $23.76M | $22.28M | $22.11M | $21.51M | $33.13M | $23.65M | $22.46M | $22.00M | $30.12M | $29.63M | $18.42M | $17.04M | $27.38M | $18.45M | $16.97M | $17.19M | $20.89M | $18.85M | $16.91M | $16.26M | $20.02M | $16.06M | $15.45M |
| Low Forecast | $23.32M | $23.25M | $22.60M | $22.01M | $22.39M | $22.44M | $21.64M | $20.94M | $22.12M | $22.06M | $21.51M | $22.09M | $20.84M | $17.08M | $19.39M | $20.08M | $19.75M | $18.42M | $17.04M | $18.25M | $18.45M | $16.97M | $17.19M | $13.93M | $18.85M | $16.91M | $16.26M | $13.34M | $16.06M | $15.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.90% | 1.25% | 1.27% | 1.57% | 1.23% | 1.17% | 1.10% | 1.46% | 1.18% | 1.87% | 1.52% | 1.73% | 1.47% | 0.78% | 1.56% | 1.56% |
1 analysts predict IBCP's average Quarter EBITDA for Dec 23 to be $21.72M, with a high of $23.65M and a low of $20.84M. This is 0.31% upper than Independent Bank's previous annual EBITDA (Sep 23) of $21.65M.
Independent Bank Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $13.74M | $17.54M | $14.79M | $12.99M | $15.09M | $17.30M | $13.00M | $17.97M | $12.51M | $15.96M | $12.39M | $22.04M | $16.99M | $19.58M | $14.77M | $4.81M | $13.88M | $12.45M |
| Avg Forecast | $17.21M | $17.53M | $16.47M | $15.52M | $16.63M | $17.21M | $16.05M | $14.99M | $16.05M | $15.96M | $14.82M | $18.59M | $14.78M | $13.14M | $12.50M | $16.90M | $15.24M | $12.66M | $11.52M | $15.37M | $13.54M | $13.16M | $14.06M | $11.80M | $13.05M | $10.09M | $5.36M | $6.20M | $11.75M | $10.69M |
| High Forecast | $19.20M | $19.55M | $18.37M | $17.31M | $18.55M | $19.20M | $17.90M | $16.72M | $16.47M | $16.03M | $16.53M | $22.31M | $16.03M | $13.57M | $13.94M | $20.28M | $18.29M | $12.66M | $11.52M | $18.44M | $13.54M | $13.16M | $14.06M | $14.16M | $13.05M | $10.09M | $5.36M | $7.44M | $11.75M | $10.69M |
| Low Forecast | $16.31M | $16.61M | $15.61M | $14.71M | $15.76M | $16.31M | $15.21M | $14.21M | $15.63M | $15.90M | $14.05M | $14.87M | $13.53M | $12.93M | $11.85M | $13.52M | $12.19M | $12.66M | $11.52M | $12.29M | $13.54M | $13.16M | $14.06M | $9.44M | $13.05M | $10.09M | $5.36M | $4.96M | $11.75M | $10.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.33% | 1.18% | 0.77% | 0.99% | 1.37% | 1.13% | 1.17% | 0.92% | 1.21% | 0.88% | 1.87% | 1.30% | 1.94% | 2.76% | 0.78% | 1.18% | 1.16% |
Independent Bank's average Quarter net income forecast for Mar 24 is $18.59M, with a range of $14.87M to $22.31M. IBCP's average Quarter net income forecast represents a 35.29% increase compared to the company's last Quarter net income of $13.74M (Dec 23).
Independent Bank SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.01M | $22.42M | $21.29M | $21.45M | $24.91M | $24.30M | $24.30M | $24.51M | $26.38M | $23.88M | $22.77M | $23.66M | $26.10M | $19.67M | $20.72M | $22.06M | $20.34M |
| Avg Forecast | $29.08M | $28.99M | $28.18M | $27.44M | $27.91M | $27.99M | $26.98M | $26.11M | $26.57M | $26.43M | $25.74M | $25.15M | $25.99M | $25.00M | $24.18M | $22.86M | $29.86M | $22.25M | $20.59M | $20.79M | $22.28M | $20.49M | $20.76M | $12.19M | $22.77M | $20.42M | $19.64M | $26.71M | $19.40M | $18.66M |
| High Forecast | $31.66M | $31.56M | $30.68M | $29.88M | $30.39M | $30.47M | $29.38M | $28.43M | $26.66M | $26.46M | $25.74M | $30.18M | $28.30M | $26.88M | $26.33M | $27.44M | $35.83M | $22.25M | $20.59M | $24.94M | $22.28M | $20.49M | $20.76M | $14.63M | $22.77M | $20.42M | $19.64M | $32.05M | $19.40M | $18.66M |
| Low Forecast | $27.91M | $27.82M | $27.05M | $26.33M | $26.79M | $26.86M | $25.89M | $25.06M | $26.47M | $26.40M | $25.74M | $20.12M | $24.95M | $20.44M | $23.21M | $18.29M | $23.89M | $22.25M | $20.59M | $16.63M | $22.28M | $20.49M | $20.76M | $9.75M | $22.77M | $20.42M | $19.64M | $21.37M | $19.40M | $18.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.93% | 0.93% | 0.72% | 1.12% | 1.18% | 1.17% | 1.10% | 1.29% | 1.15% | 1.87% | 1.04% | 1.28% | 1.00% | 0.78% | 1.14% | 1.09% |
Independent Bank's average Quarter SG&A projection for Dec 23 is $25.99M, based on 1 Wall Street analysts, with a range of $24.95M to $28.30M. The forecast indicates a 23.70% rise compared to IBCP last annual SG&A of $21.01M (Sep 23).
Independent Bank EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.65 | $0.84 | $0.70 | $0.62 | $0.72 | $0.82 | $0.62 | $0.85 | $0.59 | $0.74 | $0.57 | $1.01 | $0.78 | $0.90 | $0.67 | $0.22 | $0.62 | $0.55 |
| Avg Forecast | $0.81 | $0.83 | $0.78 | $0.73 | $0.79 | $0.81 | $0.76 | $0.71 | $0.76 | $0.76 | $0.70 | $0.64 | $0.70 | $0.62 | $0.59 | $0.60 | $0.74 | $0.60 | $0.55 | $0.50 | $0.64 | $0.62 | $0.67 | $0.57 | $0.62 | $0.48 | $0.25 | $0.38 | $0.56 | $0.51 |
| High Forecast | $0.91 | $0.93 | $0.87 | $0.82 | $0.88 | $0.91 | $0.85 | $0.79 | $0.78 | $0.76 | $0.78 | $0.64 | $0.76 | $0.64 | $0.66 | $0.66 | $0.82 | $0.60 | $0.55 | $0.50 | $0.64 | $0.62 | $0.67 | $0.57 | $0.62 | $0.48 | $0.25 | $0.38 | $0.56 | $0.51 |
| Low Forecast | $0.77 | $0.79 | $0.74 | $0.70 | $0.75 | $0.77 | $0.72 | $0.67 | $0.74 | $0.75 | $0.67 | $0.64 | $0.64 | $0.61 | $0.56 | $0.56 | $0.70 | $0.60 | $0.55 | $0.50 | $0.64 | $0.62 | $0.67 | $0.57 | $0.62 | $0.48 | $0.25 | $0.38 | $0.56 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.35% | 1.18% | 1.04% | 0.98% | 1.37% | 1.14% | 1.69% | 0.92% | 1.19% | 0.86% | 1.76% | 1.26% | 1.88% | 2.64% | 0.59% | 1.11% | 1.09% |
According to 1 Wall Street analysts, Independent Bank's projected average Quarter EPS for Mar 24 is $0.64, with a low estimate of $0.64 and a high estimate of $0.64. This represents a -1.15% decrease compared to IBCP previous annual EPS of $0.65 (Dec 23).
Independent Bank Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HTBI | HomeTrust Bancshares | $37.44 | $42.00 | 12.18% | Buy |
| FFNW | First Financial Northwest | $22.47 | $23.50 | 4.58% | Hold |
| HBCP | Home Bancorp | $48.91 | $50.00 | 2.23% | Buy |
| HFWA | Heritage Financial | $25.79 | $26.00 | 0.81% | Hold |
| FNWB | First Northwest Bancorp | $11.07 | $11.00 | -0.63% | Hold |
| GSBC | Great Southern Bancorp | $62.62 | $62.00 | -0.99% | Hold |
| IBCP | Independent Bank | $37.72 | $35.50 | -5.89% | Buy |
| FCCO | First Community | $24.94 | $21.00 | -15.80% | Buy |