$38.35
1.35% today
Nasdaq, Nov 26, 05:12 pm CET
ISIN
US4538386099
Symbol
IBCP

Independent Bank Corporation Target price 2024 - Analyst rating & recommendation

Independent Bank Corporation Classifications & Recommendation:

Hold
100%

Independent Bank Corporation Price Target

Target Price $36.00
Price $38.87
Deviation
Number of Estimates 5
5 Analysts have issued a price target Independent Bank Corporation 2025 . The average Independent Bank Corporation target price is $36.00. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 5 analysts: 0 Analysts recommend Independent Bank Corporation to buy, 5 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Independent Bank Corporation stock has an average upside potential 2025 of . Most analysts recommend the Independent Bank Corporation stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 289.70 215.93
23.73% 25.46%
Net Margin 20.12% 29.56%
24.08% 46.93%

4 Analysts have issued a sales forecast Independent Bank Corporation 2024 . The average Independent Bank Corporation sales estimate is

$216m
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. This is
30.13% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$216m 29.97%
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, the lowest is
$216m 30.27%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $290m 23.73%
2024
$216m 25.46%
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2025
$226m 4.75%
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2026
$237m 4.83%
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4 Independent Bank Corporation Analysts have issued a net profit forecast 2024. The average Independent Bank Corporation net profit estimate is

$63.8m
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. This is
3.91% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$64.3m 4.76%
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, the lowest is
$63.3m 3.07%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $58.3m 6.06%
2024
$63.8m 9.50%
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2025
$64.1m 0.49%
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2026
$66.0m 2.93%
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Net Margin

2023 20.12% 24.08%
2024
29.56% 46.93%
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2025
28.35% 4.09%
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2026
27.84% 1.80%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 2.79 3.06
6.06% 9.68%
P/E 12.72
EV/Sales 3.87

4 Analysts have issued a Independent Bank Corporation forecast for earnings per share. The average Independent Bank Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.06
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. This is
4.08% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.08 4.76%
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, the lowest is
$3.03 3.06%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $2.79 6.06%
2024
$3.06 9.68%
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2025
$3.07 0.33%
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2026
$3.16 2.93%
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P/E ratio

Current 13.21 74.74%
2024
12.72 3.71%
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2025
12.66 0.47%
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2026
12.30 2.84%
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Based on analysts' sales estimates for 2024, the Independent Bank Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.71 41.88%
2024
3.87 42.97%
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2025
3.70 4.53%
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2026
3.53 4.60%
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P/S ratio

Current 2.63 61.25%
2024
3.76 43.13%
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2025
3.59 4.54%
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2026
3.43 4.60%
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