At $72.85 Independent Bank Corp. (INDB) Forms H&S Chart Pattern

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo

Big Money Sentiment increased to 1.88 in 2018 Q2. It has change of 0.33, from 2018Q1’s 1.55. The ratio increased due to Independent Bank Corp. positioning: 11 sold and 30 reduced. 18 funds amassed positions and 59 increased positions. Investors holded 21.84 million in 2018Q1 but now own 22.24 million shares or 1.87% more.
Champlain Inv Ptnrs Ltd Company holds 0.5% in Independent Bank Corp. (NASDAQ:INDB) or 660,655 shs. Amalgamated Bancorp owns 4,024 shs or 0.01% of their US capital. Mutual Of America Cap Mngmt Limited Liability Co holds 101 shs. Sg Americas Securities Limited Liability Corp has invested 0.01% in Independent Bank Corp. (NASDAQ:INDB). National Bank Of America De, a North Carolina-based fund reported 75,665 shs. Manufacturers Life Insurance The holds 0.09% or 1.05 million shs in its capital. Prudential holds 46,703 shs. 3,165 were accumulated by Glenmede Tru Company Na. Riverhead Capital Management Ltd Liability Com, a Delaware-based fund reported 1,951 shs. Endurance Wealth Inc reported 127,408 shs or 1.65% of all its holdings. Proshare Advsr invested in 0% or 4,476 shs. Tctc Hldg Llc holds 0.02% or 5,425 shs. Parametric Port Associates Ltd Com owns 53,821 shs for 0% of their capital. 32,532 were reported by Aqr Capital Mgmt Limited Liability Corporation. Amer Interest Grp holds 21,011 shs or 0.01% of its capital.

Independent Bank Corp. had 2 insider sales and 0 insider buys since June 8, 2018. This’s net activity of $326,810. On Friday, June 8 the insider Nadeau Gerard F sold $268,939. SEKSAY EDWARD H had sold 2,000 shs worth $160,000 on Friday, June 8. Another trade for 3,000 shs valued at $242,390 was sold by Cozzone Robert D.

With $68.48 [Target] Independent Bank Corp. (INDB) had a H&Schart setup. That’s 6.00 % below today’s $72.85 stock price. The stock has $2.05B MC. The H&S chart setup was reported on Dec, 6 by Faxor.com. At $68.48 PT, the company’s valuation could be $122.76M less.

The stock decreased 2.11% or $1.57 during the last trading session, reaching $72.85.Currently Independent Bank Corp. is uptrending after 28.83% change in last December 6, 2017. INDB has also 26,395 shares volume. INDB outperformed by 13.21% the S&P500.

Independent Bank Corp. (NASDAQ:INDB)’s earnings report is expected on January, 17., according to Zacks. Analysts predict 46.07 % diference or $1.30 from the $0.89 EPS from 2017. INDB’s profit could be $36.51 million if the current earnings per share of $1.30 is accurate. After $1.27 EPS report previous quarter, Wall Street now predicts 2.36 % EPS growth of Independent Bank Corp..

For more Independent Bank Corp. (NASDAQ:INDB) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Bizjournals.com, Nasdaq.com or Bizjournals.com. The titles are as follows: “Merger Arbitrage Mondays – September 24, 2018 – Seeking Alpha” brought out on September 25, 2018, “Independent Bank’s (INDB) CEO Chris Oddleifson on Q4 2017 Results – Earnings Call Transcript – Seeking Alpha” on January 19, 2018, “Analyst: Chase poses ‘significant, long-term threat to Boston banks’ – Boston Business Journal” with a publish date: August 29, 2018, “On Deck Capital (ONDK) To Post Q3 Earnings: What Lies Ahead? – Nasdaq” and the last “Rockland Trust taps ex-Commerce exec to lead new Worcester office – Boston Business Journal” with publication date: October 25, 2018.

Independent Bank Corp. (NASDAQ:INDB) Institutional Investors Chart

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