Analysts See $1.11 EPS for Independent Bank Corp. (INDB)

June 15, 2018 - By Sophie Menendez

Independent Bank Corp. (NASDAQ:INDB) LogoInvestors sentiment increased to 1.55 in Q1 2018. Its up 0.34, from 1.21 in 2017Q4. It is positive, 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.
California-based California Pub Employees Retirement has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Profund Advisors Limited Co holds 5,248 shares or 0.01% of its portfolio. Moreover, Lpl Ltd Liability Com has 0% invested in Independent Bank Corp. (NASDAQ:INDB). Moreover, Bancorp Of America De has 0% invested in Independent Bank Corp. (NASDAQ:INDB) for 64,475 shares. Ls Investment Lc accumulated 797 shares. 35,084 were accumulated by Ny State Teachers Retirement Systems. Rbf Ltd Com reported 0.26% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Pub Employees Retirement Association Of Colorado holds 0% or 6,504 shares in its portfolio. 10,229 were accumulated by Citigroup Incorporated. Ghp Advisors stated it has 5,747 shares or 0.06% of all its holdings. Opus Llc, a Ohio-based fund reported 24,615 shares. Louisiana State Employees Retirement Systems reported 12,200 shares stake. Dimensional Fund Advsrs Lp reported 0.04% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Renaissance Techs Ltd Llc holds 0% in Independent Bank Corp. (NASDAQ:INDB) or 8,200 shares. Cambridge Com invested in 17,240 shares or 0.08% of the stock.

Since January 25, 2018, it had 1 insider buy, and 8 sales for $970,933 activity. SEKSAY EDWARD H also sold $160,000 worth of Independent Bank Corp. (NASDAQ:INDB) shares. Another trade for 601 shares valued at $43,302 was made by Abelli Donna L on Thursday, January 25. Ruggiero Mark J sold $20,314 worth of stock. $56,141 worth of Independent Bank Corp. (NASDAQ:INDB) was bought by Cozzone Robert D. ODDLEIFSON CHRISTOPHER sold $87,125 worth of Independent Bank Corp. (NASDAQ:INDB) on Friday, February 2. 3,982 shares valued at $290,305 were sold by Nadeau Gerard F on Thursday, April 26.

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. Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) on Monday, February 26 with “Hold” rating. The firm has “Neutral” rating given on Thursday, May 31 by PiperJaffray. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, April 20. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Buy” rating given on Monday, December 18 by Compass Point. The rating was maintained by Keefe Bruyette & Woods on Friday, January 19 with “Hold”. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods.

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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