Published On: Mon, Jul 17th, 2017

Independent Bank Corporation (NASDAQ:IBCP) Analyst Recommendation


A number of investment brokers have recently updated their price targets on shares of Independent Bank Corporation (NASDAQ:IBCP).

Most recent broker ratings

07/06/2017 – D.A. Davidson began new coverage on Independent Bank Corporation giving the company a “neutral” rating. They now have a USD 23 price target on the stock.

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.

The share price of Independent Bank Corporation (NASDAQ:IBCP) was down -0.70% during the last day of trading, with a day high of 21.40. 47844 shares were traded during the last session.

The stock’s 50 day moving average is 20.93 and its 200 day moving average is 21.14. The stock’s market capitalization is 452.26M. Independent Bank Corporation has a 52-week low of 14.82 and a 52-week high of 23.65.