15 July, 2017
Envestnet Asset Management Inc. now owns 6,544 shares of the bank's stock valued at $420,000 after buying an additional 2,218 shares during the period. Finally, Piper Jaffray Companies started coverage on Independent Bank Corp.in a research note on Monday, May 15th.
The stock increased 0.28% or $0.41 during the last trading session, reaching $144.85. About 26,238 shares traded. Independent Bank Corp (NASDAQ:INDB) has risen 30.83% since July 13, 2016 and is uptrending. It has outperformed by 47.36% the S&P500. That brings the Director's holdings to $911,653 per an SEC filing yesterday.
In other news, Director Kevin J. Jones sold 9,630 shares of the business's stock in a transaction that occurred on Friday, April 28th. Pub Sector Pension Invest Board has 0.01% invested in Independent Bank Corp (NASDAQ:INDB) for 19,141 shares. Discover Financial Svc now has $23.43 billion valuation. About shares traded. W W Grainger Inc (GWW) has declined 21.15% since July 14, 2016 and is downtrending. It has underperformed by 37.85% the S&P500. Zacks Investment Research downgraded shares of Independent Bank Corporation from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 30th. Therefore 17% are positive. Independent Bank Corporation had 7 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned "Sell" rating on Tuesday, September 20 by Compass Point. Compass Point maintained Independent Bank Corp (NASDAQ:INDB) on Friday, October 16 with "Neutral" rating. On April 22 the company was changed to a "Neutral" in a report from Compass Point a cut from the previous "Buy" rating. The stock was sold at an average price of $22.42, for a total transaction of $67,260.00. The rating was upgraded by Compass Point on Wednesday, March 29 to "Neutral".
Investors sentiment decreased to 1.52 in 2016 Q4. Its down 0.82, from 1.42 in 2016Q3. Several large investors have recently modified their holdings of IBTX. 27 funds opened positions while 35 raised stakes. Moreover, Connors Investor Services Inc has 1.68% invested in the company for 74,388 shares. Proshare Advsrs Ltd Liability invested 0% of its portfolio in Independent Bank Corp (NASDAQ:INDB).
01/27/2016 - Independent Bank Corp. had its " rating reiterated by analysts at SunTrust. Sandler O'Neill upgraded shares of Independent Bank Corp. from a "sell" rating to a "hold" rating in a research report on Monday, May 15th. For the next year, analysts expect that the business will report sales of $362.15 million per share, with estimates ranging from $361.00 million to $363.30 million. 151,219 are owned by Invesco Limited. Vanguard Grp holds 0% or 449,383 shares. Nasdaq.com's news article titled: "Independent Bank Corp". $1.35 million worth of Independent Bank Group Inc (NASDAQ:IBTX) shares were sold by SMITH G STACY. Legal & General Gru Public Limited holds 8,066 shares or 0% of its portfolio. California Public Employees Retirement Sys reported 26,900 shares. Weatherbie Capital Lc has 733,776 shares. Longview Partners (Guernsey) Ltd owns 2.99 million shares or 4.59% of their U.S. portfolio. Western Digital Corp (NASDAQ:WDC) was reduced too.
Since January 25, 2017, it had 0 insider buys, and 7 selling transactions for $1.12 million activity. Accern also gave news coverage about the bank an impact score of 75 out of 100, meaning that recent press coverage is likely to have an effect on the stock's share price in the next few days. It also upped Cardiovascular Systems Inc. (NASDAQ:CSII) stake by 209,190 shares and now owns 1.65 million shares.
Investors sentiment decreased to 0.95 in 2016 Q4. Its up 0.31, from 1.69 in 2016Q3. Short shares fell from 905,518 to 880,123 over that period. 15 funds opened positions while 45 raised stakes. Great West Life Assurance Com Can stated it has 0% of its portfolio in Juno Therapeutics Inc (NASDAQ:JUNO). Btg Pactual Glob Asset Management invested in 42,672 shares. New York-based Goldman Sachs Grp Incorporated has invested 0% in GoPro Inc (NASDAQ:GPRO). Blue Cap invested 0.14% of its portfolio in Discover Financial Services (NYSE:DFS). Roffman Miller Assoc Pa has invested 1.93% in Discover Financial Services (NYSE:DFS). Connor Clark Lunn Invest Limited reported 38,325 shares stake. Century holds 0% or 13,482 shares. Grantham Mayo Van Otterloo Communication invested in 196,500 shares. Pinnacle Holding Ltd Liability holds 0% or 51,629 shares. Vision Capital Management invested in 2.11% or 74,991 shares. First Trust Advsr L P, Illinois-based fund reported 62,816 shares. Pittenger & Anderson reported 0.01% of its portfolio in Discover Financial Services (NYSE:DFS). Royal Bank & Trust Of Canada reported 1,536 shares. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of "Hold" and an average target price of $61.00. The stock has "Buy" rating by UBS on Friday, February 3. Maxim Group maintained Juno Therapeutics Inc (NASDAQ:JUNO) rating on Wednesday, November 23. Oppenheimer maintained the stock with "Outperform" rating in Thursday, January 28 report. The firm has "Underperform" rating by RBC Capital Markets given on Monday, November 14. The company has market cap of $456.52 million. As per Thursday, January 14, the company rating was downgraded by JP Morgan. JMP Securities initiated the shares of DFS in report on Tuesday, December 22 with "Outperform" rating.
