Independent Bank Corp (Massachusetts) reports results for the quarter ended in June - Earnings Summary

Independent Bank (Massachusetts)

22/07/2021 22:01

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.14​​ per share for the quarter
ended in June. The mean expectation of four analysts for the
quarter was for earnings of $1.08 per share.
* Revenue fell 5.9% to $112.27 million from a year ago; 
analysts expected $117.93 million. 
* The mean earnings estimate of analysts had risen by about 6.5%
in the last three months.​ 
* In the last 30 days one analyst negatively revised an earnings
estimate 
* Independent Bank Corp (Massachusetts) shares had fallen
by 6.6% this quarter and lost 3.5% so far this year.
* Wall Street's median 12-month price target for Independent
Bank Corp (Massachusetts) is $93.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 22 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated