| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 07/26/2023 | 0.29% | Keefe, Bruyette & Woods | $20 → $21 | Maintains | Market Perform |
| 12/13/2022 | 24.16% | Keefe, Bruyette & Woods | → $26 | Downgrades | Outperform → Market Perform |
| 09/29/2020 | -28.37% | Piper Sandler | $17.5 → $15 | Maintains | Overweight |
| 10/01/2018 | 28.94% | DA Davidson | → $27 | Upgrades | Neutral → Buy |
What is the target price for Independent Bank (IBCP)?
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 rise to within 12 months (a possible 0.29% upside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Independent Bank (IBCP)?
The latest analyst rating for Independent Bank (NASDAQ: IBCP) was provided by Keefe, Bruyette & Woods, and Independent Bank maintained their market perform rating.
When is the next analyst rating going to be posted or updated for Independent Bank (IBCP)?
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.
Is the Analyst Rating Independent Bank (IBCP) correct?
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 $20.94, which is within the analyst's predicted range.
