$0.88 EPS Expected for Independent Bank (INDB); Transalta (TAC) Shorts Raised By 22.62%

June 21, 2017 - By Louis Casey

Analysts expect Independent Bank Corp (NASDAQ:INDB) to report $0.88 EPS on July, 20.They anticipate $0.10 EPS change or 12.82% from last quarter’s $0.78 EPS. INDB’s profit would be $23.88 million giving it 18.42 P/E if the $0.88 EPS is correct. After having $0.78 EPS previously, Independent Bank Corp’s analysts see 12.82% EPS growth. The stock decreased 1.52% or $1 during the last trading session, reaching $64.85. About shares traded. Independent Bank Corp (NASDAQ:INDB) has risen 30.83% since June 21, 2016 and is uptrending. It has outperformed by 14.13% the S&P500.

Transalta Corporation (NYSE:TAC) had an increase of 22.62% in short interest. TAC’s SI was 1.03M shares in June as released by FINRA. Its up 22.62% from 843,100 shares previously. With 41,400 avg volume, 25 days are for Transalta Corporation (NYSE:TAC)’s short sellers to cover TAC’s short positions. The SI to Transalta Corporation’s float is 0.36%. The stock decreased 0.85% or $0.05 on June 20, reaching $5.85. About shares traded. TransAlta Corporation (USA) (NYSE:TAC) has risen 10.10% since June 21, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

Investors sentiment decreased to 1.52 in 2016 Q4. Its down 0.10, from 1.62 in 2016Q3. It dived, as 7 investors sold Independent Bank Corp shares while 47 reduced holdings. 29 funds opened positions while 53 raised stakes. 20.24 million shares or 0.39% less from 20.32 million shares in 2016Q3 were reported. Baystate Wealth Mgmt Lc has 0.02% invested in Independent Bank Corp (NASDAQ:INDB) for 1,256 shares. 8,093 are held by Ubs Asset Mngmt Americas. Janney Montgomery Scott Ltd Liability Corporation holds 0% or 3,430 shares in its portfolio. Alaska-based State Of Alaska Department Of Revenue has invested 0.02% in Independent Bank Corp (NASDAQ:INDB). 33,901 are owned by Susquehanna Llp. Johnson Gru holds 440 shares or 0.01% of its portfolio. Co Of Vermont reported 7 shares. Tctc Hldgs Ltd Com has invested 0.02% in Independent Bank Corp (NASDAQ:INDB). Blackrock Inc stated it has 6,553 shares. Pinebridge Invests L P, New York-based fund reported 17,512 shares. State Street Corporation reported 729,924 shares. Dimensional Fund Advsrs Limited Partnership has 1.25 million shares for 0.04% of their portfolio. Bnp Paribas Arbitrage Sa holds 4,968 shares. Amalgamated Savings Bank stated it has 3,515 shares or 0.01% of all its holdings. Barclays Plc has invested 0% in Independent Bank Corp (NASDAQ:INDB).

Among 6 analysts covering Independent Bank (NASDAQ:INDB), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Independent Bank had 12 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 26 by Zacks. On Friday, January 22 the stock rating was upgraded by Compass Point to “Buy”. The stock has “Neutral” rating by Compass Point on Wednesday, March 29. The firm earned “Hold” rating on Thursday, August 20 by Zacks. On Wednesday, August 31 the stock rating was downgraded by Sandler O’Neill to “Sell”. Compass Point downgraded the shares of INDB in report on Tuesday, September 20 to “Sell” rating. The company was maintained on Friday, October 16 by Compass Point.

Since January 25, 2017, it had 0 buys, and 7 sales for $1.12 million activity. 2,000 shares were sold by SEKSAY EDWARD H, worth $126,400 on Wednesday, January 25. On Monday, May 1 Nadeau Gerard F sold $388,811 worth of Independent Bank Corp (NASDAQ:INDB) or 6,103 shares. 2,000 shares were sold by ODDLEIFSON CHRISTOPHER, worth $127,457. SULLIVAN MAURICE H JR also sold $276,367 worth of Independent Bank Corp (NASDAQ:INDB) shares. MISKELL EILEEN C had sold 1,000 shares worth $60,100 on Thursday, June 1. $62,240 worth of Independent Bank Corp (NASDAQ:INDB) was sold by RIBEIRO CARL on Thursday, May 25.

Independent Bank Corp. is a bank holding company. The company has market cap of $1.76 billion. The Firm operates through its subsidiary, Rockland Trust Company . It has a 21.94 P/E ratio. The Bank is a community-oriented commercial bank.

Among 5 analysts covering TransAlta (NYSE:TAC), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. TransAlta had 11 analyst reports since August 24, 2015 according to SRatingsIntel. As per Wednesday, September 16, the company rating was upgraded by Credit Suisse. As per Wednesday, May 4, the company rating was downgraded by RBC Capital Markets. The rating was upgraded by IBC on Tuesday, August 25 to “Sector Underperform”. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, November 2. RBC Capital Markets maintained TransAlta Corporation (USA) (NYSE:TAC) on Friday, February 19 with “Sector Perform” rating. The stock of TransAlta Corporation (USA) (NYSE:TAC) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 23. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, January 18. As per Thursday, January 14, the company rating was downgraded by BMO Capital Markets. The rating was upgraded by RBC Capital Markets on Monday, November 7 to “Sector Perform”. The rating was downgraded by National Bank Canada on Monday, February 13 to “Sector Perform”.

TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The company has market cap of $1.69 billion. The Firm is engaged in the production and sale of electric energy. It has a 40.48 P/E ratio. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.