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

June 15, 2018 - By Dolores Ford

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.
State Board Of Administration Of Florida Retirement Sys stated it has 0% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). National Bank Of America De holds 0% or 64,475 shares. Prudential Public Ltd Company invested in 0.08% or 356,600 shares. Parkside Comml Bank And Tru holds 28 shares or 0% of its portfolio. The Pennsylvania-based Pnc Finance Services Grp has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Amer & Mgmt holds 0.06% or 2,379 shares. D E Shaw And accumulated 5,758 shares. Jpmorgan Chase & Co owns 125,737 shares or 0% of their US portfolio. Texas Permanent School Fund has invested 0.02% in Independent Bank Corp. (NASDAQ:INDB). Tctc Hldgs Limited Liability stated it has 0.02% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Lpl Fincl Ltd Llc, a California-based fund reported 5,178 shares. Pub Sector Pension Inv Board holds 0.01% of its portfolio in Independent Bank Corp. (NASDAQ:INDB) for 17,745 shares. The Washington-based Fisher Asset Mgmt Limited Com has invested 0.01% in Independent Bank Corp. (NASDAQ:INDB). Blackrock Incorporated reported 3.59 million shares. California Public Employees Retirement System holds 0% of its portfolio in Independent Bank Corp. (NASDAQ:INDB) for 29,359 shares.

Since January 25, 2018, it had 1 buy, and 8 sales for $970,933 activity. Another trade for 268 shares valued at $20,314 was made by Ruggiero Mark J on Friday, May 18. Another trade for 466 shares valued at $35,719 was sold by Venables Thomas R. 788 shares were bought by Cozzone Robert D, worth $56,141 on Friday, February 23. 1,200 shares were sold by ODDLEIFSON CHRISTOPHER, worth $87,125 on Friday, February 2. 601 shares valued at $43,302 were sold by Abelli Donna L on Thursday, January 25. MISKELL EILEEN C sold 1,550 shares worth $121,370.

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 18.28 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 0.37% or $0.3 during the last trading session, reaching $81.15. About 49,346 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 23.77% since June 15, 2017 and is uptrending. It has outperformed by 11.20% the S&P500.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

Among 3 analysts covering Independent Bank Corp (NASDAQ:INDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Independent Bank Corp had 6 analyst reports since December 18, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Friday, April 20 by Keefe Bruyette & Woods. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Neutral” rating by PiperJaffray given on Thursday, May 31. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Compass Point upgraded the shares of INDB in report on Monday, December 18 to “Buy” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $78.0 target in Friday, January 19 report.

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 $2.24 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 25.44 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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