As per Independent Bank Corp. (NASDAQ:INDB)’s news release on 2016-09-16, its shareholders as on record date 2016-09-26 are entitled to get cash dividend of $0.29 per share. The payout date was reported to be 2016-10-07 and ex-dividend date was 2016-09-22.
Last year Independent Bank Corp. (NASDAQ:INDB) disbursed $0.29 in dividend paralleled to distribution of $0.29, a year ago. It reflects a sharp difference of 8.3333 percent in cash distribution of the two years.
The professionals who assess the firm’s financial and technical parameters have projected Independent Bank Corp. (NASDAQ:INDB) to attain a price mark of $48. It is an average estimate given by 3 analysts. The stock can move north on the chart and make a high of $51. The low price projection is set at $44 for next year. As per the latest update, the arithmetic mean stands at 5.
Eyeing Earnings Independent Bank Corp. (NASDAQ:INDB) is likely to release quarterly report around 2016-10-20 for the quarter ending 2016-09-30. The EPS projection is $0.75 for the period ending on 2016-09-30.
In last quarter closed 2015-12-31, Independent Bank Corp. (NASDAQ:INDB) earnings came at $0.78 suggesting a deviation of $0.02. The analysts targeted EPS of $0.76 for the quarter.
Consensus estimates are so influential that even small deviations from projections can send a stock lower or higher. If a firm surpasses its consensus projections, it is typically rewarded with a jump in stock price. If a firm falls short of estimates or sometimes if it just meets expectations, its stock price can plunge.
With so many investors referring to consensus numbers, the deviation between consensus and actual earnings is possibly the single most important element driving share-price movement over the short term. It should hardly come as surprise to shareholders who owned an equity that missed the estimates by a few pennies per share and, thus, tumbled in value.
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