Revenue Update on Independent Bank Corp(NASDAQ:INDB)

Independent Bank Corp(NASDAQ:INDB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $77.63M. Analysts estimated a revenue of $75.45M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.73.

Independent Bank Corp (INDB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.13% or 0.06 points. Due to strong positive momentum, the stock ended at $47.67, which is also near the day’s high of $47.95. The stock began the session at $47.88 and the volume stood at 42,030 shares. The 52-week high of the shares is $53.335 and the 52 week low is $39.5801. The company has a current market capitalization of $1,254 M and it has 2,63,02,440 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Maurice H Jr Sullivan (director) sold 3,000 shares at $49.68 per share price.Also, On Jun 2, 2016, Carl Ribeiro (director) sold 700 shares at $48.93 per share price.On May 17, 2016, Gerard F Nadeau (Executive Vice President) sold 4,520 shares at $46.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Independent Bank Corp. is a state chartered federally registered bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company’s community banking business provides a range of banking services including lending activities acceptance of demand savings and time deposits and investment management. The Rockland Trust Investment Management Group provides investment management and trust services to individuals institutions small businesses and charitable institutions throughout eastern Massachusetts including Cape Cod and Rhode Island. The bank has 74 banking offices and three limited service branches located within Barnstable Bristol Middlesex Norfolk Plymouth and Worcester counties in eastern Massachusetts.

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