Analysts See $0.92 EPS for Independent Bank Corp. (INDB)

January 17, 2018 - By Dolores Ford

 Analysts See $0.92 EPS for Independent Bank Corp. (INDB)
Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.46, from 1.63 in 2017Q2. It dropped, as 9 investors sold Independent Bank Corp. shares while 43 reduced holdings. 15 funds opened positions while 46 raised stakes. 21.80 million shares or 4.23% more from 20.92 million shares in 2017Q2 were reported.
Wealth Architects Ltd Co holds 0.09% or 3,500 shares in its portfolio. Fmr Ltd Company has invested 0.01% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Hennessy Advsrs holds 0.21% of its portfolio in Independent Bank Corp. (NASDAQ:INDB) for 90,000 shares. Schwab Charles Mngmt holds 0.01% or 121,092 shares. State Bank Of New York Mellon stated it has 0.01% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). First Tru Advsrs Ltd Partnership reported 0.01% stake. Glenmede Trust Co Na stated it has 0% in Independent Bank Corp. (NASDAQ:INDB). 1,451 are held by Riverhead Mgmt Ltd Liability. Endurance Wealth Management holds 1.58% or 127,408 shares in its portfolio. Bollard Ltd Liability has invested 0.01% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). State Bank Of Montreal Can stated it has 3,381 shares or 0% of all its holdings. Tower Ltd Llc (Trc) holds 0.02% or 2,666 shares in its portfolio. Natixis reported 3,918 shares. 3,165 were accumulated by New England Private Wealth Advsrs Ltd Company. Fisher Asset Management Limited Co has 0.01% invested in Independent Bank Corp. (NASDAQ:INDB).

Since October 25, 2017, it had 0 insider buys, and 2 sales for $134,001 activity. 1,200 shares were sold by MISKELL EILEEN C, worth $85,526 on Wednesday, October 25.

Analysts expect Independent Bank Corp. (NASDAQ:INDB) to report $0.92 EPS on January, 18.They anticipate $0.16 EPS change or 21.05 % from last quarter’s $0.76 EPS. INDB’s profit would be $25.24M giving it 19.95 P/E if the $0.92 EPS is correct. After having $0.87 EPS previously, Independent Bank Corp.’s analysts see 5.75 % EPS growth. The stock decreased 0.54% or $0.4 during the last trading session, reaching $73.4. About 79,899 shares traded or 3.87% up from the average. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since January 17, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 22 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, October 11 by Compass Point. The company was downgraded on Wednesday, August 31 by Sandler O’Neill. As per Tuesday, September 20, the company rating was downgraded by Compass Point. Piper Jaffray maintained it with “Hold” rating and $6900 target in Monday, July 24 report. The stock has “Hold” rating by Piper Jaffray on Thursday, October 19. The rating was upgraded by Compass Point to “Buy” on Monday, December 18. The stock has “Neutral” rating by Compass Point on Wednesday, March 29. Compass Point maintained Independent Bank Corp. (NASDAQ:INDB) rating on Friday, October 16. Compass Point has “Neutral” rating and $45 target. The rating was upgraded by Compass Point to “Buy” on Friday, January 22. The firm has “Buy” rating given on Friday, July 21 by Compass Point.

Independent Bank Corp. operates as the bank holding firm for Rockland Trust Company that provides commercial banking services and products to individuals and small-to-medium sized businesses primarily in Massachusetts. The company has market cap of $2.01 billion. The companyÂ’s services and products include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. It has a 24.27 P/E ratio. The Company’s loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans.

More recent Independent Bank Corp. (NASDAQ:INDB) news were published by: Reuters.com which released: “BRIEF-Independent Bank Says ‍Effective Dec. 25, 2017, Accepted Retirement Of …” on January 05, 2018. Also Nasdaq.com published the news titled: “Independent Bank Corp. (INDB) Ex-Dividend Date Scheduled for December 22, 2017” on December 21, 2017. Streetinsider.com‘s news article titled: “Form 8-K INDEPENDENT BANK CORP For: Jan 01” with publication date: January 02, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: