Independent Bank Corp. (INDB) Analysts See $1.11 EPS on July, 19

June 29, 2018 - By Ricky Cave

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
Big Money Sentiment increased to 1.55 in Q1 2018. It has change of 0.34, from 2017Q4’s 1.21. The ratio improved due to Independent Bank Corp. positioning: 9 sold and 40 reduced. 24 funds amassed holdings and 52 increased holdings. Investors holded 21.68 million in 2017Q4 but now own 21.84 million shares or 0.72% more.
Sei Invs holds 0% in Independent Bank Corp. (NASDAQ:INDB) or 3,020 shs. Gsa Cap Prtnrs Llp has 0.04% invested in Independent Bank Corp. (NASDAQ:INDB) for 11,080 shs. Wasatch owns 573,061 shs or 0.53% of their US capital. D E Shaw And has 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 5,758 shs. Blackrock has 3.59M shs. Fifth Third Bancorp has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Moreover, Metropolitan Life Insurance Company Ny has 0% invested in Independent Bank Corp. (NASDAQ:INDB). New England & Management holds 1.36% or 28,415 shs. Aqr Cap Management Ltd holds 0% of its capital in Independent Bank Corp. (NASDAQ:INDB) for 24,948 shs. First Manhattan owns 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 1,480 shs. Delta Asset Management Ltd Llc Tn reported 690 shs. Smithfield has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Rhumbline Advisers holds 74,254 shs. Excalibur Management, a Massachusetts-based fund reported 22,417 shs. Boston Advsrs Limited Com accumulated 7,925 shs or 0.01% of the stock.

Independent Bank Corp. had 10 sales and 1 insider buy since January 25, 2018. This’s net activity of $1.30 million. 1,050 shs valued at $84,420 were sold by OBrien Daniel F on Wednesday, June 13. The insider Cozzone Robert D bought 788 shs worth $56,141. $268,939 worth of stock was sold by Nadeau Gerard F on Friday, June 8. On Friday, May 18 $20,314 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by Ruggiero Mark J. Abelli Donna L sold $43,302 worth of stock or 601 shs. $87,125 worth of Independent Bank Corp. (NASDAQ:INDB) shs were sold by ODDLEIFSON CHRISTOPHER.

Independent Bank Corp. (NASDAQ:INDB)’s quarterly earnings will be revealed on July, 19., Zacks reports. Analysts forecast 35.37 % diference or $1.11 from the $0.82 EPS from 2017. INDB’s profit could reach $30.61 million if the current EPS of $1.11 is accurate. After $1.00 EPS report previous quarter, Wall Street now forecasts 11.00 % EPS growth of Independent Bank Corp.. INDB touched $79.15 during the last trading session after $0.08 change.Independent Bank Corp. has volume of 33,720 shares. Since June 29, 2017 INDB has risen 23.77% and is uptrending. The stock outperformed the S&P 500 by 11.20%.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

In total 2 analysts cover Independent Bank Corp (NASDAQ:INDB). “Buy” rating has 0, “Sell” are 0, while 2 are “Hold”. 0 are bullish. 4 are the (NASDAQ:INDB)’s analyst reports since January 19, 2018 according to StockzIntelligence Inc. On Monday, February 26 Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) rating. Keefe Bruyette & Woods has “Hold” rating and $82.0 target. On Friday, January 19 the firm has “Hold” rating given by Keefe Bruyette & Woods. On Thursday, May 31 the firm has “Neutral” rating by PiperJaffray given. On Friday, April 20 the firm has “Hold” rating by Keefe Bruyette & Woods given.

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 firm is worth $2.18 billion. The companyÂ’s services and products include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts.The P/E ratio is 23.08. 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.

There’s an important Independent Bank Corp. (NASDAQ:INDB) news brought out by Nasdaq.com. It’s an article titled: “Recent Analysis Shows Independent Bank, Teradyne, Cummins, Concho Resources, Ameren, and Aflac Market …” on June 11, 2018.

Independent Bank Corp. (NASDAQ:INDB) Institutional Investors Chart

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