Independent Bank Corp (INDB) Analysts See $0.88 EPS
• Investors sentiment decreased to 1.52 in 2016 Q4. Its down 0.10, from 1.62 in 2016Q3. It is negative, as 7 investors sold Independent Bank Corp shares while 47 reduced holdings. 29 funds opened positions while 53 raised stakes. 20.24 million shares or 0.39% less from 20.32 million shares in 2016Q3 were reported. Fisher Asset Mgmt Ltd Liability Corp, a Washington-based fund reported 42,392 shares. Walthausen Co Limited Liability Com, a New York-based fund reported 96,608 shares. Renaissance Tech Ltd Liability Co owns 80,308 shares. Victory Cap Management has 987,319 shares. Thrivent Financial For Lutherans reported 0% of its portfolio in Independent Bank Corp (NASDAQ:INDB). Winslow Evans And Crocker holds 1,250 shares. 142,671 were accumulated by Blackrock Investment Mngmt Ltd Liability Co. Rockland Trust has 518,788 shares for 3.23% of their portfolio. American International Gp Inc Inc holds 19,144 shares. Teachers Retirement System Of The State Of Kentucky reported 8,400 shares. Nationwide Fund Advsrs invested in 30,664 shares or 0.01% of the stock. Gemmer Asset Ltd Liability Company stated it has 85 shares or 0% of all its holdings. Guggenheim Limited Company owns 7,365 shares. Northwestern Mutual Wealth Mgmt reported 0% stake. Baystate Wealth Management Limited Liability owns 1,256 shares for 0.02% of their portfolio.
Since January 25, 2017, it had 0 insider buys, and 7 sales for $1.12 million activity. $79,178 worth of Independent Bank Corp (NASDAQ:INDB) shares were sold by ODDLEIFSON CHRISTOPHER. On Friday, March 10 the insider SULLIVAN MAURICE H JR sold $276,367. $388,811 worth of Independent Bank Corp (NASDAQ:INDB) shares were sold by Nadeau Gerard F. 1,000 Independent Bank Corp (NASDAQ:INDB) shares with value of $62,240 were sold by RIBEIRO CARL. 2,000 shares were sold by SEKSAY EDWARD H, worth $126,400 on Wednesday, January 25. 1,000 shares valued at $60,100 were sold by MISKELL EILEEN C on Thursday, June 1.
Investors wait Independent Bank Corp (NASDAQ:INDB) to report on July, 20. its quarterly earnings Wall Street analysts expect $0.88 EPS, up $0.10 or 12.82 % from last year’s $0.78 same quarter earnings. This translates into $23.81 million profit for INDB giving the stock a 18.69 P/E. This is assuming the current $0.88 EPS is accurate. Independent Bank Corp’s Wall Street analysts see 12.82 % EPS growth, taking into account the $0.78 EPS reproted in the previous quarter, The stock decreased 0.75% or $0.5 during the last trading session, reaching $65.8. About 242,679 shares traded or 185.36% up from the average. Independent Bank Corp (NASDAQ:INDB) has risen 30.83% since June 17, 2016 and is uptrending. It has outperformed by 14.13% the S&P500.
Independent Bank Corp (NASDAQ:INDB) Ratings Coverage
Among 6 analysts covering Independent Bank (NASDAQ:INDB), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Independent Bank had 12 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Independent Bank Corp (NASDAQ:INDB) has “Neutral” rating given on Friday, October 16 by Compass Point. As per Wednesday, March 29, the company rating was upgraded by Compass Point. On Friday, January 22 the stock rating was upgraded by Compass Point to “Buy”. The stock has “Sell” rating by Compass Point on Tuesday, September 20. The stock of Independent Bank Corp (NASDAQ:INDB) has “Buy” rating given on Wednesday, August 26 by Zacks. The firm has “Hold” rating given on Thursday, August 20 by Zacks. On Wednesday, August 31 the stock rating was downgraded by Sandler O’Neill to “Sell”.
Independent Bank Corp. is a bank holding company. The company has market cap of $1.78 billion. The Firm operates through its subsidiary, Rockland Trust Company . It has a 22.26 P/E ratio. The Bank is a community-oriented commercial bank.
More news for Independent Bank Corp (NASDAQ:INDB) were recently published by: Seekingalpha.com, which released: “Attractive, But Independent Bank Corp. Shares Are Pricey” on March 21, 2017. Seekingalpha.com‘s article titled: “Independent Bank Corp’s (IBCP) CEO Brad Kessel on Q1 2017 Results – Earnings …” and published on April 24, 2017 is yet another important article.
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