In a report released today, Peter Winter from D.A. Davidson maintained a Hold rating on Independent Bank (IBCP – Research Report). The company’s shares closed yesterday at $26.29.
Winter covers the Financial sector, focusing on stocks such as M&T Bank, Comerica, and Prosperity Bancshares. According to TipRanks, Winter has an average return of 3.5% and a 47.85% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Independent Bank with a $26.00 average price target, representing a -1.10% downside. In a report released on January 26, KBW also assigned a Hold rating to the stock with a $26.00 price target.
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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 80.68K.
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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 reports Q4 EPS 65c, consensus 70c
- 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?
