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 8.50% upside from IBCP’s last price of $32.72) 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 8.50% upside from IBCP's last price of $32.72.
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% | 13.08% |
| Jul 30, 2024 | Kevin Reevey | D.A. Davidson | $34.00 | $34.79 | -2.27% | 3.91% |
| Jul 29, 2024 | Nathan Rice | Piper Sandler | $37.50 | $34.07 | 10.07% | 14.61% |
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 13.08% increase from IBCP last price ($32.72).
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 | $32.72 | $32.72 | $32.72 |
| Upside/Downside | 13.08% | 13.08% | 10.54% |
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 13.08% increase as opposed to Independent Bank's last price of $32.72. 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 | $60.56M | $60.37M | $58.69M | $57.15M | $58.13M | $58.28M | $56.19M | $54.39M | $55.34M | $54.92M | $53.42M | $52.37M | $54.13M | $55.79M | $50.36M | $50.98M | $55.14M | $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 | $60.17M | $59.98M | $58.31M | $56.77M | $57.76M | $57.91M | $55.82M | $54.03M | $54.94M | $54.79M | $53.42M | $52.02M | $53.78M | $42.43M | $50.04M | $50.65M | $54.78M | $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 $52.02M, and a high forecast of $52.37M. 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 | $21.54M | $21.47M | $20.87M | $20.33M | $20.68M | $20.73M | $19.99M | $19.34M | $19.68M | $19.58M | $19.07M | $27.61M | $19.25M | $18.52M | $17.91M | $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 | $21.62M | $21.55M | $20.95M | $20.40M | $20.75M | $20.80M | $20.05M | $19.41M | $19.75M | $19.60M | $19.07M | $33.13M | $19.32M | $19.91M | $17.98M | $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 | $21.47M | $21.41M | $20.81M | $20.26M | $20.61M | $20.67M | $19.92M | $19.28M | $19.61M | $19.56M | $19.07M | $22.09M | $19.19M | $15.14M | $17.86M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.02% | 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 $19.25M, with a high of $19.32M and a low of $19.19M. This is -11.08% lower 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 | $17.29M | $17.60M | $16.54M | $15.59M | $16.70M | $17.29M | $16.12M | $15.06M | $16.47M | $16.03M | $14.89M | $22.31M | $16.03M | $13.57M | $12.56M | $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 | $17.14M | $17.46M | $16.40M | $15.46M | $16.56M | $17.14M | $15.98M | $14.93M | $15.63M | $15.90M | $14.76M | $14.87M | $13.53M | $12.93M | $12.45M | $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 | $26.02M | $25.94M | $25.21M | $24.55M | $24.97M | $25.04M | $24.14M | $23.36M | $23.77M | $23.65M | $23.03M | $25.15M | $23.25M | $22.37M | $21.64M | $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 | $26.11M | $26.03M | $25.30M | $24.63M | $25.06M | $25.12M | $24.22M | $23.44M | $23.86M | $23.67M | $23.03M | $30.18M | $23.33M | $24.05M | $21.71M | $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 | $25.94M | $25.86M | $25.13M | $24.47M | $24.90M | $24.96M | $24.06M | $23.29M | $23.68M | $23.62M | $23.03M | $20.12M | $23.18M | $18.29M | $21.57M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.04% | 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 $23.25M, based on 1 Wall Street analysts, with a range of $23.18M to $23.33M. The forecast indicates a 10.67% 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 | $0.82 | $0.83 | $0.78 | $0.74 | $0.79 | $0.82 | $0.76 | $0.71 | $0.78 | $0.76 | $0.71 | $0.64 | $0.76 | $0.64 | $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 |
| Low Forecast | $0.81 | $0.83 | $0.78 | $0.73 | $0.78 | $0.81 | $0.76 | $0.71 | $0.74 | $0.75 | $0.70 | $0.64 | $0.64 | $0.61 | $0.59 | $0.59 | $0.73 | $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 | $32.63 | $42.00 | 28.72% | Buy |
| FNWB | First Northwest Bancorp | $9.75 | $11.00 | 12.82% | Hold |
| HFWA | Heritage Financial | $23.23 | $26.00 | 11.92% | Hold |
| GSBC | Great Southern Bancorp | $56.66 | $62.00 | 9.42% | Hold |
| IBCP | Independent Bank | $32.72 | $35.50 | 8.50% | Buy |
| HBCP | Home Bancorp | $46.16 | $50.00 | 8.32% | Buy |
| FFNW | First Financial Northwest | $22.11 | $23.50 | 6.29% | Hold |
| FCCO | First Community | $23.42 | $21.00 | -10.33% | Buy |
IBCP Forecast FAQ
Is Independent Bank a good buy?
Yes, according to 2 Wall Street analysts, Independent Bank (IBCP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of IBCP's total ratings.
What is IBCP's price target?
Independent Bank (IBCP) average price target is $35.5 with a range of $34 to $37, implying a 8.50% from its last price of $32.72. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Independent Bank stock go up soon?
According to Wall Street analysts' prediction for IBCP stock, the company can go up by 8.50% (from the last price of $32.72 to the average price target of $35.5), up by 13.08% based on the highest stock price target, and up by 3.91% based on the lowest stock price target.
Can Independent Bank stock reach $50?
IBCP's average twelve months analyst stock price target of $35.5 does not support the claim that Independent Bank can reach $50 in the near future.
What is Independent Bank's current price target trend?
1 Wall Street analyst forecast a $37 price target for Independent Bank (IBCP) this month, up 13.08% from its last price of $32.72. Compared to the last 3 and 12 months, the average price target increased by 13.08% and increased by 10.54%, respectively.
What are Independent Bank's analysts' financial forecasts?
Independent Bank's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $226.21M (high $226.99M, low $225.52M), average EBITDA is $80.74M (high $81.02M, low $80.49M), average net income is $64.88M (high $65.17M, low $64.62M), average SG&A $97.51M (high $97.85M, low $97.21M), and average EPS is $3.07 (high $3.09, low $3.06). IBCP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $235.96M (high $236.77M, low $235.23M), average EBITDA is $84.22M (high $84.51M, low $83.96M), average net income is $66.72M (high $67.02M, low $66.46M), average SG&A $101.71M (high $102.06M, low $101.4M), and average EPS is $3.16 (high $3.17, low $3.15).
Did the IBCP's actual financial results beat the analysts' financial forecasts?
Based on Independent Bank's last annual report (Dec 2023), the company's revenue was $294.56M, beating the average analysts forecast of $206.83M by 42.41%. Apple's EBITDA was $0, missing the average prediction of $80.79M by -100.00%. The company's net income was $59.07M, beating the average estimation of $57.33M by 3.03%. Apple's SG&A was $0, missing the average forecast of $90.12M by -100.00%. Lastly, the company's EPS was $2.81, beating the average prediction of $2.51 by 11.93%. In terms of the last quarterly report (Dec 2023), Independent Bank's revenue was $79.12M, beating the average analysts' forecast of $53.94M by 46.66%. The company's EBITDA was $0, missing the average prediction of $19.25M by -100.00%. Independent Bank's net income was $13.74M, missing the average estimation of $14.78M by -7.02%. The company's SG&A was $0, missing the average forecast of $23.25M by -100.00%. Lastly, the company's EPS was $0.65, missing the average prediction of $0.7 by -7.14%