Analyst Price Target is $39.17
▲ +7.60% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Independent Bank in the last 3 months. The average price target is $39.17, with a high forecast of $41.00 and a low forecast of $37.50. The average price target represents a 7.60% upside from the last price of $36.40.
Current Consensus is
Hold
The current consensus among 4 contributing investment analysts is to hold stock in Independent Bank. This Hold consensus rating has held steady for over two years.
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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