JMP Group (JMP) At $5.47 Forms Bottom; 2 Analysts Are Bullish Independent Bank (IBCP) Last Week

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 had 12 analyst reports since July 29, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of IBCP in report on Thursday, December 21 with “Hold” rating. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The rating was upgraded by TheStreet to “Hold” on Thursday, August 20. The company was upgraded on Monday, December 18 by Compass Point. The firm earned “Outperform” rating on Tuesday, August 11 by Fig Partners. The firm earned “Neutral” rating on Wednesday, May 4 by Boenning & Scattergood. Keefe Bruyette & Woods maintained Independent Bank Corporation (NASDAQ:IBCP) rating on Wednesday, December 6. Keefe Bruyette & Woods has “Hold” rating and $24.0 target. The stock of Independent Bank Corporation (NASDAQ:IBCP) earned “Market Perform” rating by FIG Partners on Tuesday, August 11. The rating was initiated by Hovde Group with “Market Perform” on Friday, September 23. See Independent Bank Corporation (NASDAQ:IBCP) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $25.0 Maintain
18/12/2017 Broker: Compass Point Old Rating: Neutral New Rating: Buy Upgrade
06/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $24.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $22.0 Maintain
27/07/2017 Broker: Boenning & Scattergood Rating: Hold
06/07/2017 Broker: DA Davidson Rating: Neutral New Target: $23 Initiates Coverage On

JMP Group LLC (JMP) formed multiple bottom with $5.03 target or 8.00% below today’s $5.47 share price. JMP Group LLC (JMP) has $117.53 million valuation. The stock decreased 2.32% or $0.13 during the last trading session, reaching $5.47. About 38,718 shares traded or 31.34% up from the average. JMP Group LLC (NYSE:JMP) has risen 2.86% since January 3, 2017 and is uptrending. It has underperformed by 13.84% the S&P500.

Analysts await JMP Group LLC (NYSE:JMP) to report earnings on February, 21. They expect $0.46 earnings per share, up 253.85% or $0.33 from last year’s $0.13 per share. JMP’s profit will be $9.88 million for 2.97 P/E if the $0.46 EPS becomes a reality. After $0.10 actual earnings per share reported by JMP Group LLC for the previous quarter, Wall Street now forecasts 360.00% EPS growth.

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.41, from 0.88 in 2017Q2. It improved, as 4 investors sold JMP Group LLC shares while 3 reduced holdings. 2 funds opened positions while 7 raised stakes. 2.77 million shares or 0.39% more from 2.76 million shares in 2017Q2 were reported. California Pub Employees Retirement System holds 0% in JMP Group LLC (NYSE:JMP) or 57,700 shares. Morgan Stanley has invested 0% in JMP Group LLC (NYSE:JMP). Zpr Investment holds 16,517 shares. Us Natl Bank De stated it has 0% of its portfolio in JMP Group LLC (NYSE:JMP). Wells Fargo And Mn has invested 0% in JMP Group LLC (NYSE:JMP). Hilltop invested in 0.09% or 50,100 shares. Deutsche Natl Bank Ag holds 0% or 78,733 shares in its portfolio. Essex Inv Management Com Lc holds 0.04% of its portfolio in JMP Group LLC (NYSE:JMP) for 48,695 shares. Price T Rowe Assocs Md has 0% invested in JMP Group LLC (NYSE:JMP) for 1.04 million shares. Gsa Capital Prtn Llp reported 17,111 shares. Fmr Ltd Llc invested 0% in JMP Group LLC (NYSE:JMP). Arbiter Management Ltd Liability Company reported 23,589 shares stake. Continental Advsrs Ltd has invested 0.38% in JMP Group LLC (NYSE:JMP). Manufacturers Life Ins Co The, a Ontario – Canada-based fund reported 189 shares. Royal State Bank Of Canada holds 41,762 shares.

Among 4 analysts covering JMP Group (NYSE:JMP), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. JMP Group had 6 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of JMP Group LLC (NYSE:JMP) earned “Outperform” rating by Barrington Research on Monday, October 26. Wood maintained JMP Group LLC (NYSE:JMP) rating on Wednesday, October 7. Wood has “Outperform” rating and $8.50 target. The stock of JMP Group LLC (NYSE:JMP) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, December 11. Keefe Bruyette & Woods maintained JMP Group LLC (NYSE:JMP) rating on Thursday, November 2. Keefe Bruyette & Woods has “Hold” rating and $6.0 target. TheStreet upgraded the shares of JMP in report on Wednesday, September 2 to “Sell” rating.

Independent Bank Corporation operates as the bank holding firm for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company has market cap of $487.48 million. The firm also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It has a 20.04 P/E ratio. It also provides title insurance, and investment and insurance services; and acquires and services payment plans used by clients to purchase vehicle service contracts provided and administered by third parties.