On Wednesday, Independent Bank received an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they begin their biggest climbs. See if Independent Bank can continue to rebound and hit that benchmark.
Independent Bank is building a consolidation with a 77.23 entry. See if it can break out in volume at least 40% higher than normal.
Earnings grew 3% last quarter, up from -5% in the prior report. Revenue also increased, from 6% to 7%.
The company earns the No. 55 rank among its peers in the Banks-Northeast industry group. The Bancorp, Bankwell Financial Group and Unity Bancorp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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