A Preview Of Independent Bank's Earnings
Portfolio Pulse from Benzinga Insights
Independent Bank (NASDAQ:INDB) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $1.33. The bank's previous quarter saw an EPS beat by $0.06, resulting in a 4.04% increase in share price the next day. However, the bank's shares have seen a 39.2% decrease over the last 52-week period.
October 18, 2023 | 3:01 pm
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NEUTRAL IMPACT
Independent Bank's upcoming earnings report could potentially impact its stock price. The previous EPS beat resulted in a 4.04% increase in share price.
The upcoming earnings report is a significant event for Independent Bank. If the bank beats the estimated EPS, it could potentially lead to an increase in its stock price, as seen in the previous quarter. However, the bank's stock has been on a downward trend over the past year, which could potentially dampen the impact of a positive earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100