Independent Bank Cp Mass: (NASD: INDB)

$32.58

-0.24 (-0.72%)

Volume 21,253

May 23 01:08 PM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		32.30 - 32.78
	
		52wk Low - High
		25.85 - 33.46
	
		Previous Close
		32.81
	
		Avg. Volume
		45,618
	
		Industry
		BANKS-NORTHEAST
	
		Market Cap
		747.28 M
	
		Div - Yield
		0.88 - 2.68
	
		Beta
		1.09
	
		PE (Forward)
		14.00
	
		Current Year Est.
		2.34
	
		Quarterly Earnings ESP 
		-5.09%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		3
Hold

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
                                                            Zacks Recommendations are an excellent predictor of stock price movement over a 6+ month time frame. The recommendations come from the Zacks Equity Research group which combines the Zacks Rank with the insights from their team of over 50 equity analysts. The result is superior long term stock ratings.
The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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		Neutral
	
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When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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                                                                Zacks Industry Rank - All current industry ranks. 

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		188 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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Updated as of 05/20/2013

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                Key Earnings Data
            
                            PE (Forward)
                            14.00
                        
                            PEG Ratio
                            1.70
                        
                            Current Year Est.
                            2.34
                        
                            Current Quarter Estimate
                            0.59
                        
                            Most Accurate Estimate
                            0.56
                        
                            Earnings ESP 
                            -5.09%
                        
                            Next Earnings Report Date
                            07-18-2013
                        
                            EPS Last Year
                            2.15
                        
                            Expected Earnings Growth
                            8.25%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
Independent Bank Corp. is a bank holding company for Rockland Trust Company.  They are a community-oriented commercial bank. The community banking business consists of commercial banking, retail banking and trust services and is managed as a single strategic unit. The community banking business derives its revenues from a wide range of banking services, including lending activities, acceptance of demand, savings and time deposits, trust and investment management, and mortgage servicing income from investors.   
Full INDB Company Report

        
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            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
INDB Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.59	0.58	2.34	2.42
Number of Estimates	4	4	3	4
Low Estimate	0.56	0.57	2.30	2.37
High Estimate	0.60	0.60	2.40	NA
Year Ago EPS	0.43	0.53	2.16	2.34
EPS Growth	36.05%	9.91%	8.49%	3.38%

More INDB Estimates

Average Earnings Estimates for INDB

EPS Growth for INDB

Industry Analysis

Name	Symbol	Previous Close
INDEP BK MASS	INDB	32.81
METRO BANCORP	METR	18.88
SANDY SPRING	SASR	21.33
EAGLE BCP INC	EGBN	23.99
MB FINANCL INC	MBFI	25.72
TERRITORIAL BCP	TBNK	23.14
WASH TR BANCORP	WASH	28.29
1ST ENTERPRS BK	FENB	16.70
BOSTON PRIV FIN	BPFH	9.78
BRIDGE BANCORP	BDGE	20.96

Sector:Finance>> Industry:BANKS-NORTHEAST

COMPARE TICKER vs. Its Peers

Financials

EPS TTM	2.15
Sales	258
Net Income	43
Price/Earnings	15.26
Price/Book	1.39
Price/Cash Flow	12.54
Price/Sales	2.84

More INDB Financials

News

Independent Bank to acquire Mayflower Bancorp - M2

May 15, 2013

Independent Bank Corp. and Mayflower Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Mayflower Bancorp, Inc. - Businesswire

May 14, 2013

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Apr 26, 2013

Independent Bank Corp. Reports First Quarter Net Income of $12.3 Million - Businesswire

Apr 25, 2013

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Apr 25, 2013

OCLR, MCBC, RSG, INDB, LAKE, FOE Expected To Be Down After Next Earnings Releases - M2

Apr 24, 2013

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Apr 9, 2013

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Apr 9, 2013

See All News Stories on INDB

Broker Recommendations

Current ABR	3.00
ABR (Last Week)	3.00
# of recs in ABR	4
Average Target Price	32.13
Industry Rank by ABR	188 out of 265
Rank in Industry	7 out of 54

More INDB Broker Recommendations

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Independent Bank Cp Mass: (NASD: INDB)

$32.58

-0.24 (-0.72%)

Volume 21,253

May 23 01:08 PM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Finance>> Industry:BANKS-NORTHEAST

Financials

News

Independent Bank to acquire Mayflower Bancorp - M2

Independent Bank Corp. and Mayflower Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Mayflower Bancorp, Inc. - Businesswire

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Independent Bank Corp. Reports First Quarter Net Income of $12.3 Million - Businesswire

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

OCLR, MCBC, RSG, INDB, LAKE, FOE Expected To Be Down After Next Earnings Releases - M2

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Independent Bank CorpCorporate Event Announcement Notice - Wall Street Horizon

Broker Recommendations

Day Low - High	32.30 - 32.78
52wk Low - High	25.85 - 33.46
Previous Close	32.81
Avg. Volume	45,618
Industry	BANKS-NORTHEAST
Market Cap	747.28 M
Div - Yield	0.88 - 2.68
Beta	1.09
PE (Forward)	14.00
Current Year Est.	2.34
Quarterly Earnings ESP	-5.09%

PE (Forward)	14.00
PEG Ratio	1.70
Current Year Est.	2.34
Current Quarter Estimate	0.59
Most Accurate Estimate	0.56
Earnings ESP	-5.09%
Next Earnings Report Date	07-18-2013
EPS Last Year	2.15
Expected Earnings Growth	8.25%