Independent Bank Corp (Ionia MI) (IBCP, Financial) is set to release its Q3 2024 earnings on Oct 24, 2024. The consensus estimate for Q3 2024 revenue is $42.26 million, and the earnings are expected to come in at $0.76 per share. The full year 2024's revenue is expected to be $166.79 million and the earnings are expected to be $3.15 per share. More detailed estimate data can be found on the Forecast page.
Independent Bank Corp (Ionia MI) (IBCP, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Independent Bank Corp (Ionia MI) (IBCP) for the full year 2024 have increased from $166.45 million to $166.79 million, and for 2025 from $175.01 million to $175.52 million. Earnings estimates have also seen an upward revision, increasing from $2.96 per share to $3.15 per share for the full year 2024, and from $2.95 per share to $3.00 per share for 2025.
Independent Bank Corp (Ionia MI) (IBCP, Financial) Reported History
In the previous quarter of 2024-06-30, Independent Bank Corp (Ionia MI)'s (IBCP) actual revenue was $41.35 million, which beat analysts' revenue expectations of $41.10 million by 0.59%. Independent Bank Corp (Ionia MI)'s (IBCP) actual earnings were $0.88 per share, which beat analysts' earnings expectations of $0.70 per share by 25.36%. After releasing the results, Independent Bank Corp (Ionia MI) (IBCP) was up by 5.69% in one day.
Independent Bank Corp (Ionia MI) (IBCP, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 5 analysts, the average target price for Independent Bank Corp (Ionia MI) (IBCP) is $34.30 with a high estimate of $37.50 and a low estimate of $32.00. The average target implies an upside of 2.33% from the current price of $33.52.
Based on GuruFocus estimates, the estimated GF Value for Independent Bank Corp (Ionia MI) (IBCP, Financial) in one year is $19.44, suggesting a downside of -42% from the current price of $33.52.
Based on the consensus recommendation from 5 brokerage firms, Independent Bank Corp (Ionia MI)'s (IBCP, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
