Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For Independent Bank Corp. (NASDAQ:INDB)


Recently stock market analysts have updated their consensus ratings on shares of Independent Bank Corp. (NASDAQ:INDB).

Most recent broker ratings

09/20/2016 – Independent Bank Corp. was downgraded to “sell” by analysts at Compass Point. They now have a USD 49 price target on the stock.

08/31/2016 – Independent Bank Corp. was downgraded to “sell” by analysts at Sandler O’Neill. They now have a USD 51 price target on the stock.

01/27/2016 – Independent Bank Corp. had its “neutral” rating reiterated by analysts at SunTrust. They now have a USD 46 price target on the stock.

07/21/2015 – Independent Bank Corp. had its “neutral” rating reiterated by analysts at Macquarie. They now have a USD 45 price target on the stock.

07/20/2015 – Independent Bank Corp. had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 48 price target on the stock.

06/24/2015 – Independent Bank Corp. was downgraded to “underperform” by analysts at Robert W. Baird. They now have a USD 40 price target on the stock.

06/11/2015 – Independent Bank Corp. had its “hold” rating reiterated by analysts at Drexel Hamilton.

05/01/2015 – Independent Bank Corp. was upgraded to “hold” by analysts at Zacks.

08/07/2014 – Independent Bank Corp. was upgraded to “buy” by analysts at Guggenheim. They now have a USD 41 price target on the stock.

Independent Bank Corp. has a 50 day moving average of 53.14 and a 200 day moving average of 49.20. The stock’s market capitalization is 1.38B, it has a 52-week low of 39.58 and a 52-week high of 54.51.

The share price of the company (NASDAQ:INDB) was up +0.57% during the last trading session, with a high of 52.75 and the volume of Independent Bank Corp. shares traded was 55697.

Independent Bank Corp. is a bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company operates in community banking business segment. The Company’s community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank operates approximately 80 banking offices and over three limited service branches located within Barnstable, Bristol, Middlesex, Norfolk, Plymouth, Suffolk and Worcester counties in Eastern Massachusetts. The Bank classifies loans as commercial, consumer real estate, or other consumer. Commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Asset-based loans consist primarily of revolving lines of credit but also include term loans.