$1.11 EPS Expected for Independent Bank Corp. (INDB)

June 19, 2018 - By Vivian Currie

Independent Bank Corp. (NASDAQ:INDB) LogoInvestors sentiment increased to 1.55 in 2018 Q1. Its up 0.34, from 1.21 in 2017Q4. It improved, as 9 investors sold Independent Bank Corp. shares while 40 reduced holdings. 24 funds opened positions while 52 raised stakes. 21.84 million shares or 0.72% more from 21.68 million shares in 2017Q4 were reported.
Fuller & Thaler Asset Mgmt holds 0% of its portfolio in Independent Bank Corp. (NASDAQ:INDB) for 895 shares. 55,000 were accumulated by Hennessy Advsrs Inc. 4,311 were accumulated by Proshare Advsr Ltd Llc. Thrivent Financial For Lutherans reported 0% in Independent Bank Corp. (NASDAQ:INDB). Fisher Asset Mngmt Ltd Company reported 145,961 shares or 0.01% of all its holdings. Sg Americas Lc holds 0% or 1,743 shares in its portfolio. Opus Cap Ltd Llc reported 24,615 shares stake. Champlain Invest Prtnrs Limited Com reported 681,300 shares. Victory Capital Management Incorporated holds 974,135 shares. 1.28M were reported by Dimensional Fund Advsrs Lp. Bank & Trust Of Montreal Can owns 2,331 shares. State Of Tennessee Treasury Department reported 19,528 shares. Parallax Volatility Advisers L P holds 359 shares. Citigroup holds 0% in Independent Bank Corp. (NASDAQ:INDB) or 10,229 shares. Winslow Evans And Crocker holds 0% or 1,000 shares in its portfolio.

Since January 25, 2018, it had 1 buying transaction, and 9 sales for $1.06 million activity. $43,302 worth of stock was sold by Abelli Donna L on Thursday, January 25. Another trade for 1,200 shares valued at $87,125 was sold by ODDLEIFSON CHRISTOPHER. $84,420 worth of stock was sold by OBrien Daniel F on Wednesday, June 13. 1,550 Independent Bank Corp. (NASDAQ:INDB) shares with value of $121,370 were sold by MISKELL EILEEN C. $20,314 worth of stock was sold by Ruggiero Mark J on Friday, May 18. Another trade for 788 shares valued at $56,141 was bought by Cozzone Robert D.

Analysts expect Independent Bank Corp. (NASDAQ:INDB) to report $1.11 EPS on July, 19.They anticipate $0.29 EPS change or 35.37 % from last quarter’s $0.82 EPS. INDB’s profit would be $30.61M giving it 18.22 P/E if the $1.11 EPS is correct. After having $1.00 EPS previously, Independent Bank Corp.’s analysts see 11.00 % EPS growth. The stock increased 0.75% or $0.6 during the last trading session, reaching $80.9. About 62,485 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 23.77% since June 19, 2017 and is uptrending. It has outperformed by 11.20% the S&P500.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

Among 2 analysts covering Independent Bank Corp (NASDAQ:INDB), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Independent Bank Corp had 5 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, April 20 report. Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) on Thursday, December 21 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Hold”. The firm has “Hold” rating given on Friday, January 19 by Keefe Bruyette & Woods. As per Thursday, May 31, the company rating was maintained by PiperJaffray.

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 $2.23 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 23.59 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.

Another recent and important Independent Bank Corp. (NASDAQ:INDB) news was published by Nasdaq.com which published 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 Positions Chart

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