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Independent Bank (INDB) Looks Good: Stock Moves 7.5% Higher

Independent Bank Corp. INDB was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven after the company announced better-than-expected second-quarter 2017 results. This also led to far more shares changing hands than in a normal session.This breaks the recent trend for the company as the stock is now trading above the volatile price range of $63.65 to .55 in the past one-month time frame.

None of the estimates for the stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Independent Bank currently carries a Zacks Rank #3 (Hold).

Independent Bank Corp. Price

 

A better-ranked stock in the same industry is SmartFinancial, Inc. SMBK, which sports a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is INDB going up? Or down? Predict to see what others think: Up or Down

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Independent Bank Corp. (INDB): Free Stock Analysis Report
 
SmartFinancial, Inc. (SMBK): Free Stock Analysis Report
 
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