Economy

Independent Bank Corp. (INDB) Downgraded by Zacks Investment Research

Winslow Evans & Crocker Inc owns 1,250 shares. Its up 17.25% from 394,300 shares previously. The SI to Independent Bank Corporation Mass's float is 4.09%. About 29,352 shares traded. Da Davidson And Com invested 0% in Independent Bank Corp (NASDAQ:INDB). It has outperformed by 14.13% the S&P500. Victory Capital Management Inc. increased its stake in Independent Bank Corp.by 1.0% in the 1st quarter. Emerald Mutual Fund Advisers accumulated 15,250 shares or 0.04% of the stock. Msci Inc now has $10.40B valuation. After the latest check-in, company stock is -0.48% off of the 50 day high and 11.57% away from the 50 day low price. About shares traded. Independent Bank Corporation (MI) (NASDAQ:IBCP) has risen 39.51% since September 26, 2016 and is uptrending. It has outperformed by 14.63% the S&P500.

Investors sentiment increased to 1.63 in 2017 Q2. The firm has a market cap of $1.79 billion, a P/E ratio of 22.78 and a beta of 0.96.

Shares of Independent Bank Corporation (NASDAQ:IBCP) are experiencing unusual volume during today's trading. 14 funds opened positions while 64 raised stakes. 501,698 are held by Rockland. Thrivent Financial For Lutherans holds 0.01% or 107,650 shares in its portfolio. The Texas-based Tctc Ltd Liability Corporation has invested 0.02% in Independent Bank Corp (NASDAQ:INDB). Zacks upgraded the shares of INDB in report on Thursday, August 20 to "Hold" rating. Deprince Race Zollo Inc owns 333,770 shares or 0.15% of their United States portfolio. Bank Of Montreal Can holds 0% or 34,196 shares. New England Research & Mngmt reported 28,790 shares. 240,535 were reported by Btim. New York State Teachers Retirement reported 35,029 shares. Legal And General Gp Public Limited Company holds 0% or 5,616 shares. Voya Invest Management Limited Liability Corporation invested in 0% or 12,222 shares.

Also, insider Christopher Oddleifson sold 1,275 shares of the firm's stock in a transaction that occurred on Wednesday, February 1st.

Analysts expect Independent Bank Corp (NASDAQ:INDB) to report $0.91 EPS on October, 19.They anticipate $0.13 EPS change or 16.67% from last quarter's $0.78 EPS. About shares traded. Independent Bank Corp (NASDAQ:INDB) has risen 30.83% since September 26, 2016 and is uptrending. It dropped, as 31 investors sold Vectren Corp shares while 90 reduced holdings. The Company operates through its subsidiary, Rockland Trust Company (the Bank). It has a 24.11 P/E ratio. The Bank focuses on commercial banking industry.

In terms of performance, shares of Independent Bank Corp. Therefore 13% are positive. Independent Bank had 16 analyst reports since July 20, 2015 according to SRatingsIntel. (NASDAQ:INDB) from a buy rating to a hold rating in a research report released on Monday, September 18th. Including today's unusual volume, Independent Bank Corporation's stock is performing at -5.07% on the year. Jefferies maintained the stock with "Hold" rating in Wednesday, August 16 report. The stock of Independent Bank Corp (NASDAQ:INDB) earned "Hold" rating by Piper Jaffray on Monday, July 24. As per Friday, January 22, the company rating was upgraded by Compass Point. After $0.27 actual earnings per share reported by Independent Bank Corporation (MI) for the previous quarter, Wall Street now forecasts 18.52% EPS growth. Compass Point has "Neutral" rating and $45 target. The firm has "Outperform" rating by Fig Partners given on Tuesday, August 11. The firm earned "Buy" rating on Thursday, January 14 by Peel Hunt.

Since June 12, 2017, it had 0 insider purchases, and 1 sale for $18.44 million activity. The shares were sold at an average price of $63.20, for a total value of $126,400.00.

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.29, from 1.42 in 2017Q1. It dived, as 84 investors sold CVS shares while 559 reduced holdings. 40 funds opened positions while 114 raised stakes. Tci Wealth has invested 0% in Msci Inc (NYSE:MSCI). Keybank National Association Oh reported 0.01% stake. Comerica Bank & Trust holds 0.06% in Msci Inc (NYSE:MSCI) or 70,898 shares. Invesco has 59,722 shares. Nebraska-based Ameritas Investment Ptnrs has invested 0.14% in Msci Inc (NYSE:MSCI). Victory Capital Management Inc. now owns 978,647 shares of the company's stock valued at $52,935,000 after buying an additional 44,951 shares during the period.

Direct Line Insurance Group plc is a United Kingdom personal and small business general insurer. Brandywine Glob Investment Mngmt Ltd Liability Com owns 6,804 shares. British Columbia Inv Management holds 0.03% or 42,498 shares. 803.96 million shares or 0.96% less from 811.73 million shares in 2017Q1 were reported. Company Bankshares reported 0.01% stake. Yhb Invest Advsrs has invested 1.42% of its portfolio in CVS Health Corp (NYSE:CVS).

Among 8 analysts covering MSCI Inc. (NYSE:MSCI), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. CVS Health had 41 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by UBS on Monday, November 2 to "Buy". The rating was downgraded by Sandler O'Neill to "Sell" on Wednesday, August 31. On Monday, August 7 the stock rating was maintained by Shore Capital with "Sell". The stock of Msci Inc (NYSE:MSCI) has "Buy" rating given on Tuesday, November 10 by Cantor Fitzgerald.



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