Independent Bank (INDB) Tops Q3 EPS by 2c

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Compass Point Raises Price Target on Independent Bank (INDB) Following 3Q15 Earnings Report

October 16, 2015 6:43 AM EDT

Compass Point reiterated a Neutral rating on Independent Bank (NASDAQ: INDB), and raised the price target to $45.00 (from $44.00), following the company's 3Q15 earnings results. INDB reported $0.71 per share for 3Q15, and recorded $0.71 on an operating basis as well, $0.02 ahead of the consensus.

Analyst Laurie Hunsicker commented, "We... More