Independent Bank Corp. (NASDAQ: INDB) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.18 versus $1.26 for the same period a year ago — a decline of -6%. However, this result exceeded the consensus estimate of $1.16 by $0.02. For the latest four quarters through December 31, E.P.S. were $4.52 versus $5.42 for the same period a year ago — a decline of -17%.
Recent Price Action
Independent Bank Corp. (NASDAQ: INDB) stock declined modestly by -1.4% on 1/16/25. The stock closed at $63.92. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
Independent Bank has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Independent Bank has a good Appreciation Score of 82 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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