Silvercrest Asset Management Group Has Lowered Independent Bank Mass Com (INDB) Position; Old National Bancorp (ONB)’s Sentiment Is 1.21

Silvercrest Asset Management Group Llc decreased Independent Bank Corp Mass Com (INDB) stake by 15.81% reported in 2016Q4 SEC filing. Silvercrest Asset Management Group Llc sold 256,691 shares as Independent Bank Corp Mass Com (INDB)’s stock rose 31.95%. The Silvercrest Asset Management Group Llc holds 1.37 million shares with $96.29M value, down from 1.62M last quarter. Independent Bank Corp Mass Com now has $1.73 billion valuation. The stock rose 0.08% or $0.05 reaching $64.1. About 33,116 shares traded. Independent Bank Corp (NASDAQ:INDB) has risen 19.83% since September 29, 2016 and is uptrending. It has outperformed by 8.30% the S&P500.

Old National Bancorp is a financial holding company. The company has market cap of $2.30 billion. The Company, through its banking subsidiary, provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory and other traditional banking services. It has a 15.93 P/E ratio. The Firm focuses on community banking.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $1.83 million activity.

Jcsd Capital Llc holds 4.77% of its portfolio in Old National Bancorp for 300,000 shares. Fj Capital Management Llc owns 1.23 million shares or 3.32% of their US portfolio. Moreover, Private Management Group Inc has 2.12% invested in the company for 2.06 million shares. The Colorado-based Tributary Capital Management Llc has invested 2.02% in the stock. Old National Bancorp In, a Indiana-based fund reported 1.89 million shares.

Ratings analysis reveals 20% of Old National Bancorp’s analysts are positive. Out of 5 Wall Street analysts rating Old National Bancorp, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $13.50 while the high is $16. The stock’s average target of $14.75 is -13.84% below today’s ($17.12) share price. ONB was included in 7 notes of analysts from August 4, 2015. The firm has “Overweight” rating by Stephens given on Tuesday, August 4. Raymond James upgraded Old National Bancorp (NASDAQ:ONB) on Tuesday, March 29 to “Outperform” rating. The company was initiated on Monday, July 11 by Piper Jaffray. Wood maintained it with “Market Perform” rating and $13.50 target in Tuesday, August 2 report. The stock has “Mkt Perform” rating by Raymond James on Tuesday, November 22.

About 416,902 shares traded. Old National Bancorp (NASDAQ:ONB) has risen 24.45% since September 29, 2016 and is uptrending. It has outperformed by 12.92% the S&P500.

Analysts await Old National Bancorp (NASDAQ:ONB) to report earnings on August, 7. They expect $0.27 earnings per share, up 12.50% or $0.03 from last year’s $0.24 per share. ONB’s profit will be $36.27M for 15.85 P/E if the $0.27 EPS becomes a reality. After $0.28 actual earnings per share reported by Old National Bancorp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.

Silvercrest Asset Management Group Llc increased Ingevity Corp Com stake by 194,883 shares to 1.31 million valued at $71.98 million in 2016Q4. It also upped Analogic Corp Com Par $0.05 (NASDAQ:ALOG) stake by 23,535 shares and now owns 718,772 shares. Mueller Wtr Prods Inc Com Ser (NYSE:MWA) was raised too.

Among 5 analysts covering Independent Bank (NASDAQ:INDB), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Independent Bank had 11 analyst reports since July 20, 2015 according to SRatingsIntel. On Wednesday, March 29 the stock rating was upgraded by Compass Point to “Neutral”. The stock of Independent Bank Corp (NASDAQ:INDB) has “Buy” rating given on Friday, January 22 by Compass Point. The rating was downgraded by Compass Point on Tuesday, September 20 to “Sell”. The firm earned “Hold” rating on Thursday, August 20 by Zacks. The stock has “Buy” rating by Zacks on Wednesday, August 26. Compass Point maintained the stock with “Neutral” rating in Friday, October 16 report. The stock of Independent Bank Corp (NASDAQ:INDB) earned “Sell” rating by Sandler O’Neill on Wednesday, August 31.

Analysts await Independent Bank Corp (NASDAQ:INDB) to report earnings on July, 20. They expect $0.88 EPS, up 12.82% or $0.10 from last year’s $0.78 per share. INDB’s profit will be $23.75M for 18.21 P/E if the $0.88 EPS becomes a reality. After $0.78 actual EPS reported by Independent Bank Corp for the previous quarter, Wall Street now forecasts 12.82% EPS growth.