Independent Bank Corp. Reports Fourth Quarter Operating Net Income of $19.5 Million

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Go back to Independent Bank Corp. Reports Fourth Quarter Operating Net Income of $19.5 Million

Compass Point Upgrades Independent Bank (INDB) to Buy

January 22, 2016 9:06 AM EST

Compass Point upgraded Independent Bank (NASDAQ: INDB) from Neutral to Buy with a price target of $47.00 (from $45.00) following solid EPS. The analyst calls the stock a 'Whistle-Clean Quality Bank'.

Analyst Laurie Havener Hunsicker commented, "We revise our Operating FY16E from $2.96 to $3.02 and... More