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

June 29, 2018 - By Gwen Gough

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
During Q1 2018 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 improved. 52 grew holdings while 24 funds bought holdings. Funds hold 21.84 million shares thus 0.72% more from 2017Q4’s 21.68 million shares.
Morgan Stanley, a New York-based fund reported 69,153 shs. Lpl Financial Ltd Liability Co invested in 0% or 5,178 shs. Sei holds 0% or 3,020 shs in its capital. Opus Group Inc invested in 0.44% or 24,615 shs. Manufacturers Life Ins The invested in 0.06% or 816,964 shs. Wasatch Advsrs stated it has 0.53% of its capital in Independent Bank Corp. (NASDAQ:INDB). Moreover, Smithfield Trust Co has 0% invested in Independent Bank Corp. (NASDAQ:INDB). Ameritas Invest has invested 0.01% in Independent Bank Corp. (NASDAQ:INDB). Penobscot Investment Management Co owns 4,135 shs or 0.07% of their US capital. 28,415 are owned by New England Rech Mgmt. Cambridge Tru Company reported 17,240 shs. Aperio Grp Ltd Liability Com holds 0% in Independent Bank Corp. (NASDAQ:INDB) or 10,078 shs. Principal Fin Group Inc reported 0.02% in Independent Bank Corp. (NASDAQ:INDB). Barclays Public Ltd Com holds 0% of its capital in Independent Bank Corp. (NASDAQ:INDB) for 8,972 shs. Profund Limited Liability Company owns 5,248 shs.

Independent Bank Corp. registered $1.30 million net activity with 1 insider purchase and 10 selling transactions since January 25, 2018. On Friday, June 8 a trade for 2,000 shs valued at $160,000 was made by SEKSAY EDWARD H. 466 shs were sold by Venables Thomas R, worth $35,719 on Friday, May 25. Ruggiero Mark J sold $20,314 worth of Independent Bank Corp. (NASDAQ:INDB) or 268 shs on Friday, May 18. On Friday, June 15 Cozzone Robert D had sold 3,000 shs worth $242,390. 3,982 shs were sold by Nadeau Gerard F, worth $290,305 on Thursday, April 26. On Thursday, January 25 Abelli Donna L sold $43,302 worth of Independent Bank Corp. (NASDAQ:INDB).

Independent Bank Corp. (NASDAQ:INDB)’s quarterly earnings will be published on July, 19., according to Faxor. Analysts expect change of 35.37 % or $0.29 from previous year’s $0.82 EPS compared to current’s $1.11 EPS. If INDB’s EPS is $1.11 the profit will hit $30.61 million for 17.83 P/E. Wall Street forecasts 11.00 % EPS growth as of July, 19. The stock increased 0.10% or $0.08 during the last trading session, hitting $79.15.Independent Bank Corp. has volume of 33,720 shares. Since June 29, 2017 INDB has risen 23.77% and is uptrending. INDB outperformed by 11.20% the S&P500.

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 Monday, February 26 Keefe Bruyette & Woods maintained the shares of INDB in report with “Hold” rating. The company rating was maintained by Keefe Bruyette & Woods on Friday, April 20. On Friday, January 19 the stock of Independent Bank Corp. (NASDAQ:INDB) has “Hold” rating given by Keefe Bruyette & Woods. On Thursday, May 31 the rating was maintained by PiperJaffray with “Neutral”.

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.23.08 is the 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.

There’s an important Independent Bank Corp. (NASDAQ:INDB) news posted 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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