Hennessy Advisors Has Upped Independent Bank Mass (INDB) Holding By $330,000; Compass Minerals International (CMP)’s Sentiment Is 1.76

December 7, 2017 - By Adrian Mccoy

Hennessy Advisors Inc increased Independent Bank Corp Mass (INDB) stake by 4.35% reported in 2017Q2 SEC filing. Hennessy Advisors Inc acquired 5,000 shares as Independent Bank Corp Mass (INDB)’s stock declined 4.08%. The Hennessy Advisors Inc holds 120,000 shares with $8.00 million value, up from 115,000 last quarter. Independent Bank Corp Mass now has $1.94B valuation. The stock decreased 0.49% or $0.35 during the last trading session, reaching $70.6. About 39,723 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since December 7, 2016 and is uptrending. It has outperformed by 14.13% the S&P500.

Compass Minerals International, Inc., produces and sells salt, and specialty plant nutrition and chemical products in the United States, Canada, Brazil, the United Kingdom, and internationally. The company has market cap of $2.29 billion. It operates in three divisions: Salt, Plant Nutrition North America, and Plant Nutrition South America. It has a 15.95 P/E ratio. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

The stock decreased 0.81% or $0.55 during the last trading session, reaching $67.75. About 163,410 shares traded. Compass Minerals International, Inc. (CMP) has declined 13.31% since December 7, 2016 and is downtrending. It has underperformed by 30.01% the S&P500.

Analysts await Compass Minerals International, Inc. (NYSE:CMP) to report earnings on February, 14. They expect $1.54 earnings per share, up 14.07% or $0.19 from last year’s $1.35 per share. CMP’s profit will be $52.10 million for 11.00 P/E if the $1.54 EPS becomes a reality. After $0.65 actual earnings per share reported by Compass Minerals International, Inc. for the previous quarter, Wall Street now forecasts 136.92% EPS growth.

Cove Street Capital Llc holds 3.66% of its portfolio in Compass Minerals International, Inc. for 462,309 shares. Goodman Financial Corp owns 72,710 shares or 2.45% of their US portfolio. Moreover, Bernzott Capital Advisors has 2.43% invested in the company for 225,876 shares. The Kansas-based Nuance Investments Llc has invested 2.37% in the stock. Lawson Kroeker Investment Management Inc Ne, a Nebraska-based fund reported 105,240 shares.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 0 have Buy rating, 1 Sell and 7 Hold. Therefore 0 are positive. Independent Bank had 20 analyst reports since July 20, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $73.0 target in Tuesday, October 3 report. The company was downgraded on Wednesday, August 26 by Zacks. The company was maintained on Sunday, July 23 by Keefe Bruyette & Woods. The rating was downgraded by Compass Point on Tuesday, September 20 to “Sell”. The stock has “Buy” rating by Compass Point on Friday, January 22. The firm has “Neutral” rating given on Friday, October 16 by Compass Point. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 26 report. The firm earned “Hold” rating on Thursday, October 19 by Piper Jaffray. As per Wednesday, October 11, the company rating was downgraded by Compass Point. Sandler O’Neill downgraded the shares of INDB in report on Wednesday, August 31 to “Sell” rating.

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