Independent Bank (IBCP) EPS Estimated At $0.36; MOJO ORGANICS (MOJO) SI Increased By 925%

March 22, 2018 - By Winifred Garcia

Analysts expect Independent Bank Corporation (NASDAQ:IBCP) to report $0.36 EPS on April, 23.They anticipate $0.08 EPS change or 28.57% from last quarter’s $0.28 EPS. IBCP’s profit would be $7.69M giving it 16.67 P/E if the $0.36 EPS is correct. After having $0.35 EPS previously, Independent Bank Corporation’s analysts see 2.86% EPS growth. The stock increased 0.21% or $0.05 during the last trading session, reaching $24. About 56,006 shares traded. Independent Bank Corporation (NASDAQ:IBCP) has risen 39.51% since March 22, 2017 and is uptrending. It has outperformed by 22.81% the S&P500.

MOJO ORGANICS INC (OTCMKTS:MOJO) had an increase of 925% in short interest. MOJO’s SI was 36,900 shares in March as released by FINRA. Its up 925% from 3,600 shares previously. With 682,600 avg volume, 0 days are for MOJO ORGANICS INC (OTCMKTS:MOJO)’s short sellers to cover MOJO’s short positions. The SI to MOJO ORGANICS INC’s float is 0.21%. The stock increased 4.76% or $0.01 during the last trading session, reaching $0.22. About shares traded. MOJO Organics, Inc. (OTCMKTS:MOJO) has 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.

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 $512.96 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 25.26 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.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.05, from 1.37 in 2017Q2. It is positive, as 8 investors sold Independent Bank Corporation shares while 30 reduced holdings. 14 funds opened positions while 38 raised stakes. 16.96 million shares or 0.60% more from 16.86 million shares in 2017Q2 were reported. Boston Prtn owns 0.01% invested in Independent Bank Corporation (NASDAQ:IBCP) for 253,700 shares. 677,091 were accumulated by Fmr Limited Liability Co. Fj Capital Mngmt Limited Co owns 487,000 shares or 1.34% of their US portfolio. Deutsche Retail Bank Ag, a Germany-based fund reported 99,892 shares. Voya Management Limited Liability Corp invested in 0% or 17,313 shares. Moreover, Tokio Marine Asset Management has 0.09% invested in Independent Bank Corporation (NASDAQ:IBCP). California Employees Retirement accumulated 88,532 shares or 0% of the stock. Deprince Race And Zollo owns 325,853 shares. Highbridge Cap Mgmt Ltd Liability holds 19,901 shares. Northern Trust has 233,959 shares for 0% of their portfolio. Gsa Cap Prtn Limited Liability Partnership has invested 0.07% in Independent Bank Corporation (NASDAQ:IBCP). Denver Lc holds 7,293 shares. Wellington Group Llp has 170,693 shares for 0% of their portfolio. Adams Diversified Equity Fund invested 0.06% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP). Geode Mngmt Limited Liability stated it has 176,475 shares.

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 13 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Hold”. The firm earned “Buy” rating on Monday, December 18 by Compass Point. Hovde Group initiated it with “Market Perform” rating and $17.50 target in Friday, September 23 report. The stock of Independent Bank Corporation (NASDAQ:IBCP) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Tuesday, August 11 the stock rating was downgraded by FIG Partners to “Market Perform”. Keefe Bruyette & Woods maintained Independent Bank Corporation (NASDAQ:IBCP) rating on Wednesday, December 6. Keefe Bruyette & Woods has “Hold” rating and $24.0 target. TheStreet upgraded Independent Bank Corporation (NASDAQ:IBCP) on Thursday, August 20 to “Hold” rating. The rating was maintained by Hovde Group on Wednesday, January 31 with “Hold”. Boenning & Scattergood initiated Independent Bank Corporation (NASDAQ:IBCP) on Wednesday, May 4 with “Neutral” rating. The firm has “Outperform” rating given on Tuesday, August 11 by Fig Partners.

MOJO Organics, Inc. engages in the product development, production, marketing, and distribution of beverages. The company has market cap of $5.87 million. It produces MOJO Naturals pure coconut water, coconut water + peach mango juice, and coconut water + pineapple juice. It currently has negative earnings.

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