Independent Bank Corp (Massachusetts) expected to post earnings of $1.10 a share - Earnings Preview

Independent Bank (Massachusetts)

19/01/2022 11:01

* Independent Bank Corp (Massachusetts)  INDB.OQ 
 INDB.O  is
expected to show a rise in quarterly revenue when it reports 
results on January 21. 
    * The Rockland Massachusetts-based  company is expected to
report 
a 18.6% increase in revenue to $141.001 million from $118.91
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Independent Bank
Corp
(Massachusetts) is for earnings of $1.10 per share. For the same
quarter last year, the company reported earnings of $1.17 per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $91.5​, about 7.1% above​ its last
closing price of $84.96. ​​​
    * 

This summary was machine generated January 19 at 11:01 GMT.  All
figures in US dollars  unless otherwise stated