IBCPFinancial Services · Banks - RegionalThe 5 Wall Street analysts covering Independent Bank Corp. (Michigan) hold a median 12-month price target of $42 — +14.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 44 of 100 as at 31 Oct 2026 — in the lower half.
Consensus tells you what everyone already believes. The model scores Independent Bank Corp. (Michigan) on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (77): The shares have been drifting up relative to others.
Accruals (17): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on IBCP, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +14.8% from it.
Of the 20 most recent actions, 5 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 29 Oct 2026 | Piper Sandler | Maintains | Overweight | — |
| 29 Oct 2026 | Piper Sandler | Maintains | Overweight | $42 → $43 |
| 28 Oct 2026 | DA Davidson | Maintains | Neutral | — |
| 28 Oct 2026 | DA Davidson | Maintains | Neutral | $40 → $42 |
| 2 Oct 2026 | Piper Sandler | Upgrade | Overweight | — |
| 2 Oct 2026 | Piper Sandler | Upgrade | Overweight | $42 |
| 27 July 2026 | Piper Sandler | Maintains | Neutral | — |
| 27 July 2026 | Piper Sandler | Maintains | Neutral | $37 → $42 |
| 24 July 2026 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 24 July 2026 | Keefe, Bruyette & Woods | Maintains | Market Perform | $37 → $38 |
| 10 July 2026 | Hovde Group | Upgrade | Outperform | — |
| 10 July 2026 | Hovde Group | Upgrade | Outperform | $36 → $41 |
| 27 Apr 2026 | DA Davidson | Maintains | Neutral | — |
| 27 Apr 2026 | Piper Sandler | Maintains | Neutral | — |
| 20 Mar 2026 | DA Davidson | Maintains | Neutral | — |
| 26 Jan 2026 | Piper Sandler | Maintains | Neutral | — |
| 25 July 2025 | DA Davidson | Maintains | Neutral | — |
| 28 Apr 2025 | Piper Sandler | Maintains | Neutral | — |
| 25 Apr 2025 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 28 Jan 2025 | DA Davidson | Maintains | Neutral | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
IBCP appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, Independent Bank Corp. (Michigan) returned +21.7% against +12.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 56% of US stocks
Cheaper than 35% of US stocks
Cheaper than 56% of US stocks
Higher than 69% of US stocks
Higher than 39% of US stocks
Higher than 91% of US stocks
Higher than 89% of US stocks
Higher than 71% of US stocks
Higher than 52% of US stocks
Higher than 87% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Independent Bank Corp. (Michigan) has a market value of $807.5M and an enterprise value of $668.9M.
Revenue in the twelve months to 30 June 2026: $229.9M. The latest quarter grew 19.8% year on year.
Net income over the same four quarters: $71.8M, a 31.2% net margin.
Diluted earnings per share, trailing twelve months: $3.44.
Free cash flow in the twelve months to 30 June 2026: $38.1M, after $11.3M of capital spending.
Independent Bank Corp. (Michigan) spent $5.1M on share buybacks and $22.3M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 10.8×; forward P/E: 9.2× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 3.06%, paying out 31% of earnings.
Independent Bank Corp. (Michigan) employs 735 people — $313K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Independent Bank Corp. (Michigan) — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Independent Bank Corporation held its Q3 2026 earnings call on October 27, 2026. The excerpt lists company executives and participating analysts but provides no discussion of results.
Why it matters — IBCP watchers are alerted to the quarterly earnings call, though the excerpt contains no financial details or management commentary.
Independent Bank reported third-quarter 2026 net income of $17.9 million, or $0.80 per diluted share, compared with $17.5 million and $0.84 per diluted share a year earlier. Excluding $2.7 million in after-tax merger-related expenses, adjusted net income was $20.6 million, or $0.92 per diluted share.
Why it matters — The results give IBCP watchers a comparison of reported and adjusted earnings with the year-earlier quarter.
Zacks Investment Research says Independent Bank’s Q3 headline numbers reflect performance for the quarter ended September 2026, and suggests comparing key metrics with Wall Street estimates and year-ago actuals. The excerpt does not provide specific results or comparisons.
Why it matters — The comparison may help IBCP watchers assess quarterly performance against expectations and the prior-year quarter, though no figures are included here.
Independent Bank reported quarterly earnings of $0.92 per share, above the Zacks Consensus Estimate of $0.86. Earnings were $0.84 per share a year earlier.
Why it matters — IBCP watchers may note that quarterly earnings exceeded the consensus estimate and were higher than a year ago.
Independent Bank Corporation reported third-quarter 2026 net income of $17.9 million, or $0.80 per diluted share, compared with $17.5 million, or $0.84 per diluted share, in the prior-year period.
Why it matters — The results provide IBCP watchers with an update on quarterly earnings, including the year-over-year change in net income and diluted earnings per share.
The 5 Wall Street analysts covering Independent Bank Corp. (Michigan) have a median 12-month price target of $42, with estimates ranging from $38 to $43. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering Independent Bank Corp. (Michigan), 2 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Independent Bank Corp. (Michigan) 44 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 Oct 2026, Independent Bank Corp. (Michigan) ranks 44 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (77 of 100).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +14.8% from the last close, and Ticker Nerd's factor model ranks Independent Bank Corp. (Michigan) 44 out of 100 as at 31 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Independent Bank Corp. (Michigan) publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for IBCP are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $38 to $43 over the next 12 months.
Independent Bank Corp. (Michigan) returned +21.7% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Independent Bank Corporation is a bank holding company headquartered in Grand Rapids, Michigan. Through its subsidiary Independent Bank, the company provides a broad range of financial services for individuals, businesses, and community organizations across Michigan’s Lower Peninsula.
The most recent item we track (Seeking Alpha, 27 Oct 2026): "Independent Bank Corporation (IBCP) Q3 2026 Earnings Call Transcript". Independent Bank Corporation held its Q3 2026 earnings call on October 27, 2026. The excerpt lists company executives and participating analysts but provides no discussion of results.
Independent Bank Corporation is a bank holding company headquartered in Grand Rapids, Michigan. Through its subsidiary Independent Bank, the company provides a broad range of financial services for individuals, businesses, and community organizations across Michigan’s Lower Peninsula. Its core offerings include commercial and consumer banking, mortgage lending, deposit products, investment services, insurance, and title services. The company focuses on relationship-based banking, serving local markets through a branch network supported by digital banking tools such as online and mobile access. Independent Bank Corporation plays a regional role in the financial sector by combining community banking with lending and wealth-related services for retail and commercial customers.
CEO Mr. William Bradford Kessel CPA · 735 employees · United States · https://www.independentbank.com
