Independent Bank Corp (INDB) Releases Earnings Results, Beats Expectations By $0.04 EPS

Independent Bank Corp (INDB) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.68. Analysts expectations of $73.90 million.

Independent Bank Corp opened for trading at $45.83 and hit $46.48 on the upside on Monday, eventually ending the session at $46.28, with a gain of 0.98% or 0.45 points. The heightened volatility saw the trading volume jump to 61,044 shares. Company has a market cap of $1,217 M.

In a different news, on Nov 19, 2015, Jane Lundquist (Executive Vice President) sold 1,910 shares at $49.91 per share price. According to the SEC, on Nov 12, 2015, Robert D Cozzone (CFO and Treasurer) sold 1,250 shares at $50.95 per share price. On Nov 5, 2015, Christopher Oddleifson (President and CEO) sold 3,893 shares at $47.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Independent Bank Corp. is a state chartered federally registered bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company’s community banking business provides a range of banking services including lending activities acceptance of demand savings and time deposits and investment management. The Rockland Trust Investment Management Group provides investment management and trust services to individuals institutions small businesses and charitable institutions throughout eastern Massachusetts including Cape Cod and Rhode Island. The bank has 74 banking offices and three limited service branches located within Barnstable Bristol Middlesex Norfolk Plymouth and Worcester counties in eastern Massachusetts.

Independent Bank Corp

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