March 20, 2017

Investor’s Pick: Independent Bank Corp. (NASDAQ:INDB), Finjan Holdings, Inc. (NASDAQ:FNJN), PetroQuest Energy, Inc. (NYSE:PQ)

The Board of Directors of Independent Bank Corp. (NASDAQ:INDB) announced a $0.32 per share dividend reflecting a 10% increase over the current quarterly dividend of $0.29. The increased dividend will be payable on April 7, 2017, to stockholders of record as of the close of business on March 27, 2017. Independent Bank Corp. (NASDAQ:INDB) shares climbs 1.23% to $65.95 on Friday.

Technical Stock Analysis

Shares outstanding are recorded as 27.21M and total shares floated are 26.32M. Company’s distance from 20 day simple moving average is 1.72% and distance from 50-Day simple moving average is 1.81%.

Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from no analyst of Thomson Reuters, 1 analyst given HOLD rating to the stock and 3 given UNDERPERFORM rating. Analyst’s mean target price for INDB is $63.00 while analysts mean recommendation is 4.30.

Independent Bank Corp. (NASDAQ:INDB) yearly performance is 44.10% and net profit margin is 31.10%. Annual EPS Growth of past 5 years is 6.50%. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 22.76. The current share price indicate that stock is -7.96% away from its one year high and is moving 57.41% ahead of its 52-week low.

Finjan Holdings, Inc. (NASDAQ:FNJN) and its subsidiary Finjan, Inc. announced that on March 15, 2017, the Patent Trial and Appeal Board (PTAB) for the United States Patent & Trademark Office (USPTO) denied two of Palo Alto Networks, Inc. (“PAN”) petitions for the Inter Partes Review. Both PAN petitions challenged the validity of Finjan’s U.S. Patent No. 8,141,154. Symantec Corporation later joined PAN’s petitions so the PTAB’s decisions apply to Symantec’s challenge as well.

On 17 March 2017, Finjan Holdings, Inc. (NASDAQ:FNJN) shares moved to $1.49 after starting the day at $1.51. Stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters. Analyst’s mean target price for FNJN is $2.75 while analysts mean recommendation is 2.00.

At the movement PetroQuest Energy, Inc. (NYSE:PQ) is under coverage by number of analysts. 3 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.43 on scale of 1-5. Analysts mean target price for PetroQuest Energy, Inc. (NYSE:PQ) is $5.04 while their mean recommendation is 2.40 (1=Buy, 5=sell).

If we look at stock performance in last active day trading, we see that stock has moved shed -5.74% to end the day at $2.79. The current share price indicate that stock is -41.26% away from its one year high and is moving 63.16% ahead of its 52-week low.

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