Weekly Independent Bank Corp. (NASDAQ:INDB) Ratings as of May 16, 2018

May 16, 2018 - By Michele Cranor

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
During 2017 Q4 the big money sentiment increased to 1.21. That’s change of 0.04, from 2017Q3’s 1.17. 14 investors sold all, 44 reduced holdings as Independent Bank Corp. ratio increased. 46 rose positions while 24 funds bought positions. Funds hold 21.68 million shares thus 0.57% less from 2017Q3’s 21.80 million shares.
Fuller And Thaler Asset owns 895 shs for 0% of their capital. Tctc Holding Ltd Liability Co has invested 0.02% in Independent Bank Corp. (NASDAQ:INDB). Eastern Bank accumulated 0.02% or 3,651 shs. Fisher Asset Management has 0.01% invested in Independent Bank Corp. (NASDAQ:INDB). Pnc Svcs Gru, Pennsylvania-based fund reported 519 shs. Cubist Systematic Strategies Ltd invested in 2,908 shs or 0.01% of the stock. Germany-based Deutsche Bancshares Ag has invested 0% in Independent Bank Corp. (NASDAQ:INDB). 1.28M are owned by Dimensional Fund Advsrs L P. First Manhattan reported 0% in Independent Bank Corp. (NASDAQ:INDB). Us National Bank & Trust De holds 0% or 2,444 shs in its capital. Endurance Wealth Mngmt has invested 1.43% in Independent Bank Corp. (NASDAQ:INDB). The Massachusetts-based Rhumbline Advisers has invested 0.01% in Independent Bank Corp. (NASDAQ:INDB). 3,907 were accumulated by Amalgamated Commercial Bank. Metropolitan Life Ins New York invested 0.01% of its capital in Independent Bank Corp. (NASDAQ:INDB). Credit Suisse Ag holds 18,371 shs or 0% of its capital.

Independent Bank Corp. had 4 insider sales and 1 insider buy since December 12, 2017. This’s net activity of $413,066. ODDLEIFSON CHRISTOPHER sold 1,200 shs worth $87,125. $56,141 worth of stock was bought by Cozzone Robert D on Friday, February 23. On Thursday, April 26 a trade for 3,982 shs valued at $290,305 was made by Nadeau Gerard F. On Tuesday, December 12 a trade for 700 shs valued at $48,475 was made by RIBEIRO CARL.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

A total of 2 analysts rate Independent Bank Corp (NASDAQ:INDB) as follows: 1 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NASDAQ:INDB) has 5 ratings reports on May 16, 2018 according to StockzIntelligence. The stock rating was upgraded by Compass Point to “Buy” on Monday, December 18. On Thursday, December 21 Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) with “Hold” rating. On Monday, February 26 the company was maintained by Keefe Bruyette & Woods. On Friday, January 19 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Friday, April 20 Keefe Bruyette & Woods maintained the shares of INDB in report with “Hold” rating. 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 hit $74.15 during the last trading session after $0.1 change.Independent Bank Corp. has volume of 56,566 shares. Since May 16, 2017 INDB has risen 16.23% and is uptrending. INDB outperformed the S&P500 by 4.68%.

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 worth $2.04 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 23.24. 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: Bizjournals.com which released on May 01, 2018 “Santander gets good news on regulatory, customer service marks”, also Globenewswire.com on May 01, 2018 brought out “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …”, the next Seekingalpha.com is “Independent Bank’s (INDB) CEO Chris Oddleifson on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018. Seekingalpha.com has article titled “KemPharm’s (KMPH) CEO Travis Mickle on Q1 2018 Results – Earnings Call Transcript”.

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.