Media stories about Independent Bank Corp. (NASDAQ:INDB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank Corp. earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.0096603911698 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several brokerages have recently weighed in on INDB. Zacks Investment Research upgraded Independent Bank Corp. from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, September 20th. Compass Point upgraded Independent Bank Corp. from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $73.00 price target on shares of Independent Bank Corp. in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Independent Bank Corp. presently has an average rating of “Hold” and a consensus price target of $73.00.

Shares of Independent Bank Corp. (NASDAQ INDB) opened at $69.00 on Friday. The stock has a market capitalization of $1,897.69, a price-to-earnings ratio of 21.41 and a beta of 0.98. Independent Bank Corp. has a 52 week low of $57.20 and a 52 week high of $76.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.95.

Independent Bank Corp. (NASDAQ:INDB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.04). The business had revenue of $87.84 million for the quarter, compared to the consensus estimate of $88.57 million. Independent Bank Corp. had a net margin of 23.48% and a return on equity of 9.76%. Independent Bank Corp.’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. equities analysts expect that Independent Bank Corp. will post 3.41 EPS for the current fiscal year.

In related news, CFO Robert D. Cozzone sold 3,250 shares of Independent Bank Corp. stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $72.50, for a total transaction of $235,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen C. Miskell sold 1,200 shares of Independent Bank Corp. stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $71.27, for a total value of $85,524.00. The disclosure for this sale can be found here. 2.67% of the stock is currently owned by company insiders.

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About Independent Bank Corp.

Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.

Insider Buying and Selling by Quarter for Independent Bank Corp. (NASDAQ:INDB)

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