Independent Bank Corp(MI) (NASDAQ:IBCP)

CAPS Rating: 2 out of 5

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.

Recs

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Player Avatar SeanFlynn1 (74.38) Submitted: 4/8/2011 4:26:25 PM : Outperform Start Price: $3.51 IBCP Score: -3.88

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.

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