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Independent Bank (IBCP): analyst forecast and price target
Analyst consensus
Moderate Buy1 Buy2 Hold0 Sell
Ratings of 3 analysts in the last 3 months12-month forecast
Based on 3 price targets given in the last 3 months, the average target is $40.33, the highest $42.00, the lowest $38.00. The average is +13.3% from the last price of $35.60.
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| Nathan Race★★★★★★★★★★#325 · hits 68% · avg +14.5% | Piper Sandler | $42.00 | Buy | +18.0% | Upgrade | 02.10.26on TipRanks 05:30 | +1.5%next day −1.9% · 5 days −3.9% | ↗ |
| AI PerPlexity Banks - RegionalPerPlexity SonarPro | TipRanks - PerPlexity | $45.00 → $43.00−4.4% | Buy | +20.8% | Reiterated | 20.08.26on TipRanks 01:05 | — | |
| AI DeepSeek Banks - RegionalDeepSeek R1-0528 | TipRanks - DeepSeek | $43.00 → $44.00+2.3% | Buy | +23.6% | Reiterated | 06.08.26on TipRanks 11:07 | — | |
| AI Google Banks - RegionalGemini 2.5Pro | TipRanks - Google | $43.00 → $44.00+2.3% | Buy | +23.6% | Reiterated | 06.08.26on TipRanks 10:14 | — | |
| AI xAi Banks - RegionalxAI Grok-3 | TipRanks - xAI | $43.00 → $44.00+2.3% | Buy | +23.6% | Reiterated | 06.08.26on TipRanks 10:14 | — | |
| AI Anthropic Banks - RegionalAnthropic Opus-4.1 | TipRanks - Anthropic | $41.00 → $42.00+2.4% | Hold | +18.0% | Reiterated | 06.08.26on TipRanks 10:14 | — | |
| AI OpenAI Banks - RegionalOpenAI 4o | TipRanks - OpenAI | $43.00 | Buy | +20.8% | Reiterated | 06.08.26on TipRanks 10:14 | — | |
| Peter Winter★★★★★★★★★★#1172 · hits 63% · avg +9.2% | D.A. Davidson | $40.00 → $41.00+2.5% | Hold | +15.2% | Reiterated | 28.07.26on TipRanks 08:30 | +2.7%next day +1.5% · 5 days −4.0% | ↗ |
| Nathan Race★★★★★★★★★★#325 · hits 68% · avg +14.5% | Piper Sandler | $37.00 → $42.00+13.5% | Hold | +18.0% | Reiterated | 27.07.26on TipRanks 13:59 | −0.2%next day +2.7% · 5 days −0.1% | ↗ |
| Damon Delmonte★★★★★★★★★★#129 · hits 83% · avg +20.0% | KBW | $37.00 → $38.00+2.7% | Hold | +6.7% | Reiterated | 24.07.26on TipRanks 06:55 | +2.7%next day −0.2% · 5 days +0.3% | ↗ |
| Brendan Nosal★★★★★★★★★★#2692 · hits 60% · avg +8.1% | Hovde Group | — | Buy | — | Upgrade | 10.07.26on TipRanks 06:20 | +0.6%next day +1.7% · 5 days +3.0% | ↗ |
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Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst
Best analysts covering Independent Bank
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $40.33 at a price of $35.24 (+14.5%); now: $40.33 at $35.60 (+13.3%).
PriceAverage targetTop analysts’ target
Recommendation trend
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Hold | 6 | 3 | 3 | 3 | 3 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 27.10.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.95 (from $0.91 to $0.97). Last quarter: $0.91.
Sales
Next quarter’s sales estimate — $69M (from $68M to $70M). Last quarter: $81M.
Best top-analyst consensus in the sector · Financial
About Independent Bank
- CEO: William Bradford Kessel
- Employees: 781
- 4200 East Beltline, Grand Rapids, MI, 49525, US
- www.independentbank.com
As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.
Data from the stock’s TipRanks forecast page, read 44 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗