Rockland Trust Co Increased By $1.75 Million Its Independent Bk Mass (INDB) Position; J Goldman & Company LP Has Trimmed Its Nabors Industries LTD (NBR) Position

May 18, 2018 - By Clifton Ray

Independent Bank Corp. (NASDAQ:INDB) Logo

J Goldman & Company Lp decreased Nabors Industries Ltd (NBR) stake by 89.14% reported in 2017Q4 SEC filing. J Goldman & Company Lp sold 935,995 shares as Nabors Industries Ltd (NBR)’s stock rose 7.60%. The J Goldman & Company Lp holds 114,005 shares with $779,000 value, down from 1.05 million last quarter. Nabors Industries Ltd now has $3.03 billion valuation. The stock increased 2.62% or $0.22 during the last trading session, reaching $8.61. About 23.19 million shares traded or 135.31% up from the average. Nabors Industries Ltd. (NYSE:NBR) has declined 42.31% since May 18, 2017 and is downtrending. It has underperformed by 53.86% the S&P500.

Rockland Trust Co increased Independent Bk Corp Mass (INDB) stake by 7.18% reported in 2017Q4 SEC filing. Rockland Trust Co acquired 40,603 shares as Independent Bk Corp Mass (INDB)’s stock declined 1.89%. The Rockland Trust Co holds 606,451 shares with $26.38 million value, up from 565,848 last quarter. Independent Bk Corp Mass now has $2.08B valuation. The stock increased 1.48% or $1.1 during the last trading session, reaching $75.45. About 70,454 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 16.23% since May 18, 2017 and is uptrending. It has outperformed by 4.68% the S&P500.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 25 analyst reports since July 20, 2015 according to SRatingsIntel. The company was maintained on Monday, July 24 by Piper Jaffray. Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) on Thursday, December 21 with “Hold” rating. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Sell” rating given on Tuesday, September 20 by Compass Point. Piper Jaffray maintained the shares of INDB in report on Thursday, October 19 with “Hold” rating. The firm has “Buy” rating by Compass Point given on Friday, January 22. The stock has “Buy” rating by Compass Point on Monday, December 18. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) on Friday, April 20 with “Hold” rating. The rating was maintained by Compass Point with “Neutral” on Friday, October 16. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Buy” rating given on Friday, July 21 by Compass Point.

Since December 12, 2017, it had 1 insider purchase, and 4 sales for $413,066 activity. ODDLEIFSON CHRISTOPHER sold $87,125 worth of stock or 1,200 shares. RIBEIRO CARL sold $48,475 worth of stock. Cozzone Robert D also bought $56,141 worth of Independent Bank Corp. (NASDAQ:INDB) on Friday, February 23. 601 shares valued at $43,302 were sold by Abelli Donna L on Thursday, January 25. $290,305 worth of stock was sold by Nadeau Gerard F on Thursday, April 26.

More recent Independent Bank Corp. (NASDAQ:INDB) news were published by: Seekingalpha.com which released: “Independent Bank’s (INDB) CEO Chris Oddleifson on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …” on May 01, 2018. Seekingalpha.com‘s news article titled: “KemPharm’s (KMPH) CEO Travis Mickle on Q1 2018 Results – Earnings Call Transcript” with publication date: May 12, 2018 was also an interesting one.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.04, from 1.17 in 2017Q3. It increased, as 14 investors sold INDB shares while 44 reduced holdings. 24 funds opened positions while 46 raised stakes. 21.68 million shares or 0.57% less from 21.80 million shares in 2017Q3 were reported. 3,687 are owned by Fiduciary Tru. Boston Ltd Company reported 4,925 shares or 0.01% of all its holdings. International Grp Inc reported 0% stake. Moors & Cabot reported 40,382 shares. Nichols And Pratt Advisers Llp Ma invested in 4,450 shares or 0.03% of the stock. 9,370 were reported by Teacher Retirement Systems Of Texas. State Of Tennessee Treasury Department reported 21,578 shares. Amalgamated Bancorp holds 0.01% of its portfolio in Independent Bank Corp. (NASDAQ:INDB) for 3,907 shares. Employees Retirement System Of Ohio stated it has 21,000 shares. Winslow Evans Crocker Incorporated stated it has 1,000 shares. Employees Retirement Association Of Colorado holds 0% or 6,705 shares. Blackrock holds 0.01% or 3.53M shares. Thrivent Fin For Lutherans stated it has 0% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Teachers Retirement Systems Of The State Of Kentucky holds 0.01% in Independent Bank Corp. (NASDAQ:INDB) or 8,400 shares. Prudential holds 45,793 shares or 0% of its portfolio.

J Goldman & Company Lp increased Fleetcor Technologies Inc (NYSE:FLT) stake by 9,080 shares to 17,580 valued at $3.38 million in 2017Q4. It also upped Twitter Inc (Call) (NYSE:TWTR) stake by 17,100 shares and now owns 35,000 shares. Dell Technologies Inc was raised too.

Investors sentiment increased to 1.36 in 2017 Q4. Its up 0.35, from 1.01 in 2017Q3. It increased, as 47 investors sold NBR shares while 64 reduced holdings. 52 funds opened positions while 99 raised stakes. 264.81 million shares or 3.70% less from 274.98 million shares in 2017Q3 were reported. Oppenheimer & Inc invested in 0% or 17,905 shares. Old Mutual Customised Solutions (Proprietary) reported 10,000 shares or 0.01% of all its holdings. Shelton Capital Management reported 47,690 shares or 0.02% of all its holdings. Integral Derivatives Limited Liability stated it has 50,087 shares. Barclays Public Ltd accumulated 0% or 293,430 shares. Oakbrook Ltd Liability accumulated 15,050 shares. Nomura Hldgs Inc invested in 122,575 shares or 0% of the stock. First Trust Advisors Lp invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Opportunities Capital Ltd Llc reported 249,542 shares stake. Quantbot Tech Limited Partnership holds 0% or 6,767 shares. Castle Creek Arbitrage Limited Com has 49,700 shares. D E Shaw & Co reported 0% in Nabors Industries Ltd. (NYSE:NBR). Jpmorgan Chase & Com has invested 0% in Nabors Industries Ltd. (NYSE:NBR). Tci Wealth Inc stated it has 941 shares. Thompson Davis And Com owns 350 shares for 0% of their portfolio.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on August, 1. They expect $-0.22 EPS, up 42.11% or $0.16 from last year’s $-0.38 per share. After $-0.29 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -24.14% EPS growth.

Independent Bank Corp. (NASDAQ:INDB) Institutional Positions Chart

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