Independent Bank Corp(MI) (NASDAQ:IBCP)
CAPS Rating:
A bank holding company whose subsidiaries provide commercial banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services.
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Stock is way undervalued at this point, both from a fundamental as well as a technical perspective. The stock has resistance at $4.50 which with any positive news I think it will blow through. It's really being chained to the post by the Fed.