Published On: Wed, Oct 19th, 2016

Analyst Coverage: Independent Bank Corporation (NASDAQ:IBCP)


Recently stock market analysts have updated their consensus ratings on shares of Independent Bank Corporation (NASDAQ:IBCP).

Most recent broker ratings

09/23/2016 – Independent Bank Corporation had its “market perform” rating reiterated by analysts at Hovde Group.

05/04/2016 – Boenning & Scattergood began new coverage on Independent Bank Corporation giving the company a “neutral” rating.

08/11/2015 – Independent Bank Corporation was downgraded to “market perform” by analysts at FIG Partners.

07/28/2015 – Independent Bank Corporation had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 14 price target on the stock.

05/01/2015 – Independent Bank Corporation was upgraded to “buy” by analysts at Zacks. They now have a USD 15 price target on the stock.

09/05/2014 – Sandler O’Neill began new coverage on Independent Bank Corporation giving the company a “buy” rating. They now have a USD 14 price target on the stock.

01/14/2014 – Independent Bank Corporation had its “neutral” rating reiterated by analysts at Guggenheim. They now have a USD 38 price target on the stock.

Independent Bank Corporation has a 50 day moving average of 16.48 and a 200 day moving average of 15.40. The stock’s market capitalization is 353.15M, it has a 52-week low of 13.42 and a 52-week high of 17.20.

The share price of the company (NASDAQ:IBCP) was up +0.06%, with a high of 16.71during the day and the volume of Independent Bank Corporation shares traded was 31666.