IBCPFinancial Services · Banks - RegionalThe 5 Wall Street analysts covering Independent Bank Corp. (Michigan) hold a median 12-month price target of $41 — +10.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 83 of 100 as at 22 Aug 2026 — inside the top quartile. Here, the model and the Street point the same way.
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
Revisions (87): Analysts have, on balance, been raising their forecasts.
Accruals (30): 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 quant trader with fourteen 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 +10.9% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 27 July 2026 | Piper Sandler | Maintains | Neutral | $37 → $42 |
| 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 | — |
| 24 Jan 2025 | Keefe, Bruyette & Woods | Reiterates | Market Perform | — |
| 4 Dec 2024 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 29 July 2024 | Keefe, Bruyette & Woods | Reiterates | Market Perform | — |
| 29 July 2024 | Piper Sandler | Maintains | Neutral | — |
| 30 Apr 2024 | DA Davidson | Maintains | Neutral | — |
| 26 July 2023 | Keefe, Bruyette & Woods | Maintains | Market Perform | — |
| 13 Dec 2022 | Keefe, Bruyette & Woods | Downgrade | Market Perform | — |
| 29 Sept 2020 | Piper Sandler | Maintains | Overweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. IBCP appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 24 Aug 2026, Independent Bank Corp. (Michigan) returned +16.3% against +19.6% for the S&P 500, dividends included.
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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 58% of US stocks
Cheaper than 39% of US stocks
Cheaper than 58% of US stocks
Higher than 56% of US stocks
Higher than 50% of US stocks
Higher than 92% of US stocks
Higher than 90% of US stocks
Higher than 73% of US stocks
Higher than 53% of US stocks
Higher than 65% 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 $761.5M and an enterprise value of $818.8M.
Revenue in the twelve months to 30 June 2026: $229.9M. The latest quarter grew 11.2% 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: 10.7×; forward P/E: 9.5× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 3.03%, 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.
| Company | Market cap | TKN rank |
|---|---|---|
| IBCPIndependent Bank Corp. (Michigan) | $761.5M | 83 |
| ORRFOrrstown Financial Services, Inc. | $825.6M | 86 |
| SMBCSouthern Missouri Bancorp, Inc. | $826.2M | 86 |
| FISIFinancial Institutions, Inc. | $829.4M | 97 |
| ALRSAlerus Financial Corp. | $832.2M | 48 |
| HTBHomeTrust Bancshares, Inc. | $814.6M | 88 |
| SPFISouth Plains Financial, Inc. (Texas) | $846.4M | 61 |
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 →
Zacks Investment Research published an article examining whether Independent Bank (IBCP) qualifies as a strong dividend stock, highlighting dividends as a key shareholder benefit and posing the question of whether the company has what it takes.
Why it matters — IBCP watchers would care because the piece assesses the company's appeal as a dividend-paying investment.
Zacks Investment Research published a piece asking whether Independent Bank (IBCP) qualifies as a high-growth dividend stock, noting that while dividends are a key benefit for shareholders, finding a great dividend stock is difficult.
Why it matters — The report places IBCP in the spotlight for dividend-focused investors, making it a stock worth watching among those seeking income.
Independent Bank (IBCP) received a rating upgrade to Zacks Rank #2 (Buy) based on growing optimism about its earnings prospects.
Why it matters — The upgrade signals increased positive sentiment around IBCP's earnings outlook, which may influence investor attention on the stock.
The 5 Wall Street analysts covering Independent Bank Corp. (Michigan) have a median 12-month price target of $41, with estimates ranging from $38 to $42. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering Independent Bank Corp. (Michigan), 1 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Independent Bank Corp. (Michigan) 83 out of 100 across roughly 4,600 US stocks as at 22 Aug 2026. None of this is personal advice — it does not consider your circumstances.
As at 22 Aug 2026, Independent Bank Corp. (Michigan) ranks 83 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 Revisions (87 of 100).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +10.9% from the last close, and Ticker Nerd's factor model ranks Independent Bank Corp. (Michigan) 83 out of 100 as at 22 Aug 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 $42 over the next 12 months.
Independent Bank Corp. (Michigan) returned +16.3% over the 12 months to 24 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.
Independent Bank Corp. is a financial holding entity principally engaged in providing a wide range of commercial banking services, predominantly in Michigan.
The most recent item we track (Zacks Investment Research, 19 Aug 2026): "Independent Bank (IBCP) Could Be a Great Choice". Zacks Investment Research published an article examining whether Independent Bank (IBCP) qualifies as a strong dividend stock, highlighting dividends as a key shareholder benefit and posing the question of whether the company has what it takes.
Independent Bank Corp. is a financial holding entity principally engaged in providing a wide range of commercial banking services, predominantly in Michigan. Through its subsidiary, Independent Bank, the company offers services that include credit and deposit solutions geared towards both individuals and businesses. Among its services are savings and checking accounts, commercial and consumer loans, mortgage lending, and other financial products. A notable feature of Independent Bank Corp. is its local focus, which enables it to provide personalized services tailored to the financial needs of its community-based clientele. The institution plays a crucial role in fueling regional economic growth by supporting small to medium-sized enterprises through tailored financing options. As a fixture in the financial sector, Independent Bank Corp. contributes to the stability and liquidity in its served markets, addressing the banking needs of both urban and rural areas while promoting financial inclusion and economic development in its localities.
CEO Mr. William Bradford Kessel CPA · 735 employees · United States · https://www.independentbank.com
