Independent Bank Corp. (NASDAQ:INDB) Ratings Summary on May 16, 2018

May 16, 2018 - By Madeline Delgado

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
Big Money Sentiment increased to 1.21 in 2017 Q4. It has change of 0.04, from 2017Q3’s 1.17. The ratio increased due to Independent Bank Corp. positioning: 14 sold and 44 reduced. 24 funds amassed stakes and 46 increased stakes. Investors holded 21.80 million in 2017Q3 but now own 21.68 million shares or 0.57% less.
Advisory Service Net Limited Co has 61 shs for 0% of their capital. Ghp Inv Advisors owns 5,482 shs. Parallax Volatility Advisers Ltd Partnership has 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 4,116 shs. Geode Llc holds 250,455 shs or 0.01% of its capital. Gemmer Asset Mgmt Limited Co accumulated 85 shs. Vanguard Gp Inc has 2.58M shs. 30,000 were accumulated by Rbf Ltd Llc. Royal Bank Of Canada invested in 0% or 832 shs. Middleton And Com Inc Ma has invested 0.04% of its capital in Independent Bank Corp. (NASDAQ:INDB). Voya Investment Mngmt Lc has 12,222 shs for 0% of their capital. Dimensional Fund Advisors Lp holds 0.04% in Independent Bank Corp. (NASDAQ:INDB) or 1.28M shs. Keybank National Association Oh holds 0.01% or 22,551 shs. Moreover, Wasatch Advsr has 0.51% invested in Independent Bank Corp. (NASDAQ:INDB). Moreover, Barclays Public Limited Co has 0% invested in Independent Bank Corp. (NASDAQ:INDB). Amalgamated Savings Bank stated it has 3,907 shs or 0.01% of all its holdings.

Independent Bank Corp. had 4 insider sales and 1 insider buy since December 12, 2017. This’s net activity of $413,066. On Tuesday, December 12 $48,475 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by RIBEIRO CARL. $87,125 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by ODDLEIFSON CHRISTOPHER. Nadeau Gerard F had sold 3,982 shs worth $290,305 on Thursday, April 26. Shares for $56,141 were bought by Cozzone Robert D.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

In total 2 analysts cover Independent Bank Corp (NASDAQ:INDB). “Buy” rating has 1, “Sell” are 0, while 1 are “Hold”. 50% are bullish. 5 are the (NASDAQ:INDB)’s analyst reports since December 18, 2017 according to StockzIntelligence Inc. On Friday, April 20 Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) with “Hold” rating. On Monday, February 26 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Friday, January 19 the rating was maintained by Keefe Bruyette & Woods with “Hold”. In Thursday, December 21 report Keefe Bruyette & Woods maintained the stock with “Hold” rating. On Monday, December 18 the stock of Independent Bank Corp. (NASDAQ:INDB) earned “Buy” rating by Compass Point. Listed here are Independent Bank Corp. (NASDAQ:INDB) PTs and latest ratings.

20/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $80.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $82.0 Maintain
19/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $78.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $85.0 Maintain
18/12/2017 Broker: Compass Point Rating: Buy Upgrade

INDB is touching $74.15 during the last trading session, after increased 0.14%.Currently Independent Bank Corp. is uptrending after 16.23% change in last May 16, 2017. INDB has 56,566 shares volume. INDB outperformed by 4.68% the S&P500.

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 $2.04 billion market cap. 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 23.24. 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.

A couple more Independent Bank Corp. (NASDAQ:INDB) news were brought out by: Seekingalpha.com which released on April 20, 2018 “Independent Bank’s (INDB) CEO Chris Oddleifson on Q1 2018 Results – Earnings Call Transcript”, also Seekingalpha.com on May 12, 2018 brought out “KemPharm’s (KMPH) CEO Travis Mickle on Q1 2018 Results – Earnings Call Transcript”, the next Globenewswire.com is “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …” on May 01, 2018. Bizjournals.com has article titled “Santander gets good news on regulatory, customer service marks”.

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

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