Independent Bank Corp. Reports First Quarter Operating Net Income of $15.8 Million

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Go back to Independent Bank Corp. Reports First Quarter Operating Net Income of $15.8 Million

Keefe, Bruyette & Woods Downgrades Independent Bank (INDB) to Market Perform

April 17, 2015 12:49 PM EDT

Keefe, Bruyette & Woods downgraded Independent Bank (NASDAQ: INDB) from Outperform to Market Perform with a price target of $44 (unchanged).

For an analyst ratings summary and ratings history on Independent Bank click here. For more ratings news on Independent Bank click here.

Shares of Independent Bank closed at $44.36 yesterday.

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Compass Point Downgrades Independent Bank (INDB) to Neutral

April 17, 2015 8:05 AM EDT

Compass Point downgraded Independent Bank (NASDAQ: INDB) from Buy to Neutral with a price target of $44.00 (from $45.00) citing valuation despite solid Q1 results.

Analyst Laurie Havener Hunsicker commented, "We reduce our Operating FY15E from $2.71 to $2.65 and FY16E from $2.90 to $2.83. Accordingly, we adjust our price target (PT) from... More

Independent Bank (INDB) Tops Q1 EPS by 1c

April 16, 2015 4:11 PM EDT

Independent Bank (NASDAQ: INDB) reported Q1 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Net interest income increased to $51.2 million for the first quarter as compared to $49.8 million in the linked quarter.

For earnings history and earnings-related data on Independent Bank (INDB) click here.

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