EPS for Independent Bank Corp. (INDB) Expected At $1.11 on July, 19

June 29, 2018 - By Matthew Medley

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
During 2018 Q1 the big money sentiment increased to 1.55. That’s change of 0.34, from 2017Q4’s 1.21. 9 investors sold all, 40 reduced holdings as Independent Bank Corp. ratio is positive. 52 rose holdings while 24 funds bought holdings. Funds hold 21.84 million shares thus 0.72% more from 2017Q4’s 21.68 million shares.
Swiss Fincl Bank holds 0% or 47,800 shs in its capital. Mason Street Advsr Lc owns 7,631 shs. Rhumbline Advisers has 74,254 shs for 0.01% of their capital. Gemmer Asset Mngmt Ltd Liability Corp holds 0% or 85 shs in its capital. Massachusetts-based Rockland Tru Co has invested 3.68% in Independent Bank Corp. (NASDAQ:INDB). Metropolitan Life Insur Company New York, New York-based fund reported 8,753 shs. Smithfield Tru stated it has 0% in Independent Bank Corp. (NASDAQ:INDB). Tiaa Cref Inv Management Ltd Liability reported 92,399 shs or 0% of all its holdings. Manufacturers Life Insur Co The stated it has 0.06% in Independent Bank Corp. (NASDAQ:INDB). Nichols And Pratt Advisers Llp Ma holds 0.03% of its capital in Independent Bank Corp. (NASDAQ:INDB) for 4,450 shs. New England Private Wealth Advsr Limited Co reported 3,167 shs stake. Retail Bank Of Ny Mellon Corporation holds 427,099 shs or 0.01% of its capital. Comerica Financial Bank, a Michigan-based fund reported 28,901 shs. Proshare Advsr Ltd Liability Corporation has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Endurance Wealth Mgmt has 1.53% invested in Independent Bank Corp. (NASDAQ:INDB) for 127,408 shs.

Independent Bank Corp. had 10 sales and 1 insider purchase since January 25, 2018. This’s net activity of $1.30 million. $87,125 worth of stock was sold by ODDLEIFSON CHRISTOPHER on Friday, February 2. $20,314 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by Ruggiero Mark J. Venables Thomas R had sold 466 shs worth $35,719. On Thursday, April 26 $290,305 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by Nadeau Gerard F. On Friday, June 8 SEKSAY EDWARD H also sold $160,000 worth of Independent Bank Corp. (NASDAQ:INDB). On Wednesday, June 13 the insider OBrien Daniel F sold $84,420.

Investors wait Independent Bank Corp. (NASDAQ:INDB)’s quarterly earnings on July, 19., RTT reports. Analysts forecast $1.11 EPS, which is $0.29 up or 35.37 % from 2017’s $0.82 EPS. The profit will be $30.61 million for INDB if $1.11 EPS becomes true. Wall Street now sees 11.00 % EPS growth despite Independent Bank Corp. last quarter’s EPS of $1.00. INDB reached $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. INDB outperformed the S&P500 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”. (NASDAQ:INDB) has 0 bullish analysts. 4 are the (NASDAQ:INDB)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Thursday, May 31 PiperJaffray maintained Independent Bank Corp. (NASDAQ:INDB) rating. PiperJaffray has “Neutral” rating and $80 target. On Friday, January 19 the stock of Independent Bank Corp. (NASDAQ:INDB) earned “Hold” rating by Keefe Bruyette & Woods. The company rating was maintained by Keefe Bruyette & Woods on Friday, April 20. The company rating was maintained by Keefe Bruyette & Woods on Monday, February 26.

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 valued at $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 a significant Independent Bank Corp. (NASDAQ:INDB) news brought out by Nasdaq.com. It’s an item 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

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.