For its fourth fiscal quarter (ending December 31), Independent Bank Corp (NASDAQ: IBCP) has reported a 33% increase in E.P.S. from $0.66 a year ago to $0.88 in the current quarter. For the latest four quarters through December 31, E.P.S. were $3.20 versus $2.82 for the same period a year ago — an increase of 13%.
Recent Price Action
Independent Bank Corp (NASDAQ: IBCP) stock increased 1.3% on 1/23/25. The shares closed at $35.24. Moreover, trading volume in this advance was unusually high at 193% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
Independent Bank has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Independent Bank has a slightly positive Appreciation Score of 65 and a very high Power Rating of 90, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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