Researchers at Hovde Group Reiterate their “Hold” rating for Independent Bank (IBCP). The Target Price per Share is $26.0000; American Home Mortgage Investment (AHH)’s Sentiment Is 1.03

April 25, 2018 - By Richard Conner

Independent Bank Corporation (NASDAQ:IBCP) Logo

American Home Mortgage Investment Corp (AHH) investors sentiment decreased to 1.03 in 2017 Q4. It’s down -0.06, from 1.09 in 2017Q3. The ratio worsened, as 65 investment managers started new or increased equity positions, while 63 sold and reduced their holdings in American Home Mortgage Investment Corp. The investment managers in our database now own: 36.22 million shares, down from 36.55 million shares in 2017Q3. Also, the number of investment managers holding American Home Mortgage Investment Corp in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 13 Reduced: 50 Increased: 42 New Position: 23.

Independent Bank Corporation (NASDAQ:IBCP) had its stock rating noted as “Hold” by analysts at Hovde Group. Hovde Group currently has a $26.0000 target on the $540.75M market cap company or 2.77% upside potential. This was disclosed to clients in a report on Tuesday, 24 April.

Chilton Capital Management Llc holds 1.09% of its portfolio in Armada Hoffler Properties, Inc. for 769,593 shares. Albert D Mason Inc owns 64,510 shares or 0.75% of their US portfolio. Moreover, Wilbanks Smith & Thomas Asset Management Llc has 0.31% invested in the company for 251,892 shares. The Florida-based Deprince Race & Zollo Inc has invested 0.21% in the stock. Chatham Capital Group Inc., a Georgia-based fund reported 46,130 shares.

The stock increased 0.38% or $0.05 during the last trading session, reaching $13.22. About 282,148 shares traded. Armada Hoffler Properties, Inc. (AHH) has declined 0.74% since April 25, 2017 and is downtrending. It has underperformed by 12.29% the S&P500.

Analysts await Armada Hoffler Properties, Inc. (NYSE:AHH) to report earnings on May, 1 before the open. They expect $0.24 earnings per share, down 7.69% or $0.02 from last year’s $0.26 per share. AHH’s profit will be $15.08M for 13.77 P/E if the $0.24 EPS becomes a reality. After $0.23 actual earnings per share reported by Armada Hoffler Properties, Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Armada Hoffler Properties, Inc. is a publicly owned real estate investment trust. The company has market cap of $830.43 million. It invests in real estate markets of Mid-Atlantic United States. It has a 26.6 P/E ratio.

The stock increased 2.64% or $0.65 during the last trading session, reaching $25.3. About 338,440 shares traded or 253.48% up from the average. Independent Bank Corporation (NASDAQ:IBCP) has risen 15.08% since April 25, 2017 and is uptrending. It has outperformed by 3.53% the S&P500.

Investors sentiment increased to 1.42 in 2017 Q4. Its up 0.05, from 1.37 in 2017Q3. It increased, as 9 investors sold Independent Bank Corporation shares while 36 reduced holdings. 21 funds opened positions while 43 raised stakes. 16.84 million shares or 0.76% less from 16.96 million shares in 2017Q3 were reported. 1,800 are held by Thompson Siegel Walmsley Limited Liability. Minnesota-based Thrivent For Lutherans has invested 0.01% in Independent Bank Corporation (NASDAQ:IBCP). Ameritas Invest Prtn stated it has 0% in Independent Bank Corporation (NASDAQ:IBCP). Schwab Charles Mngmt holds 0% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP) for 40,935 shares. Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corporation has invested 0.01% in Independent Bank Corporation (NASDAQ:IBCP). Jpmorgan Chase reported 425,062 shares or 0% of all its holdings. 50,000 were reported by Emerald Mutual Fund Advisers Tru. Moreover, Dimensional Fund Advisors Ltd Partnership has 0% invested in Independent Bank Corporation (NASDAQ:IBCP). Tiaa Cref Investment Mgmt Limited Liability Corporation holds 50,507 shares. Foundry Prtn Ltd Liability Com has invested 0.27% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP). Pinnacle Holding invested in 0.41% or 50,273 shares. Renaissance Tech Ltd Com holds 897,891 shares. Wedge Cap Management L Lp Nc stated it has 0.02% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP). Bnp Paribas Arbitrage accumulated 6,044 shares. Credit Suisse Ag stated it has 0% in Independent Bank Corporation (NASDAQ:IBCP).

Among 8 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Independent Bank Corporation has $2600 highest and $14 lowest target. $22’s average target is -13.04% below currents $25.3 stock price. Independent Bank Corporation had 14 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Independent Bank Corporation (NASDAQ:IBCP) earned “Outperform” rating by Fig Partners on Tuesday, August 11. The firm earned “Market Perform” rating on Tuesday, August 11 by FIG Partners. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. Hovde Group initiated the shares of IBCP in report on Friday, September 23 with “Market Perform” rating. The stock has “Neutral” rating by Boenning & Scattergood on Wednesday, May 4. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, December 6. The stock of Independent Bank Corporation (NASDAQ:IBCP) earned “Hold” rating by TheStreet on Thursday, August 20. As per Monday, December 18, the company rating was upgraded by Compass Point. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Keefe Bruyette & Woods maintained the shares of IBCP in report on Monday, April 23 with “Hold” rating.

Independent Bank Corporation (NASDAQ:IBCP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: