Analysts have been eager to weigh in on the Financial sector with new ratings on Synovus (SNV – Research Report), Independent Bank (INDB – Research Report) and Bank OZK (OZK – Research Report).
Synovus (SNV)
In a report issued on January 18, Timur Braziler from Wells Fargo maintained a Buy rating on Synovus, with a price target of $40.00. The company’s shares closed last Monday at $37.98.
According to TipRanks.com, Braziler is a 2-star analyst with an average return of
Currently, the analyst consensus on Synovus is a Strong Buy with an average price target of $42.65, implying a 12.4% upside from current levels. In a report issued on January 8, UBS also upgraded the stock to Buy with a $42.00 price target.
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Independent Bank (INDB)
Piper Sandler analyst Mark Fitzgibbon maintained a Hold rating on Independent Bank on January 19 and set a price target of $65.00. The company’s shares closed last Monday at $60.26.
According to TipRanks.com, Fitzgibbon is a 4-star analyst with an average return of
Independent Bank has an analyst consensus of Hold, with a price target consensus of $66.00, a 9.0% upside from current levels. In a report issued on January 18, KBW also maintained a Hold rating on the stock with a $66.00 price target.
Bank OZK (OZK)
Piper Sandler analyst Stephen Scouten maintained a Buy rating on Bank OZK on January 19 and set a price target of $62.00. The company’s shares closed last Monday at $48.51.
According to TipRanks.com, Scouten is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Bank OZK with a $51.50 average price target, a 6.4% upside from current levels. In a report issued on January 5, Raymond James also upgraded the stock to Buy with a $58.00 price target.
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