In a report released yesterday, Damon Delmonte from KBW maintained a Hold rating on Independent Bank (IBCP – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $25.73.
According to TipRanks, Delmonte is a 5-star analyst with an average return of 18.7% and a 73.45% success rate. Delmonte covers the Financial sector, focusing on stocks such as Byline Bancorp, Washington Bancorp, and HBT Financial.
Independent Bank has an analyst consensus of Hold, with a price target consensus of $21.00.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $27.08 and a one-year low of $14.57. Currently, Independent Bank has an average volume of 78.47K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Independent Bank (IBCP) Company Description:
Independent Bank Corp. operates as a bank holding company. It provides financial services including commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Ionia, MI.
Read More on IBCP:
- Independent Bank Corporation Reports 2023 Fourth Quarter Results
- Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock
- Independent Bank announces 4% increase in quarterly dividend to 24c per share
- IBCP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release
