Independent Bank Corp (INDB) Files Form 4 Insider Selling : Christopher Oddleifson Sells 1,725 Shares

Independent Bank Corp (INDB): Christopher Oddleifson , President and CEO of Independent Bank Corp sold 1,725 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $46.79 per share for a total value of $80,717.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Maurice H Jr Sullivan (director) sold 3,000 shares at $47.35 per share price.On Nov 19, 2015, Jane Lundquist (Executive Vice President) sold 1,910 shares at $49.91 per share price.Also, On Nov 12, 2015, Robert D Cozzone (CFO and Treasurer) sold 1,250 shares at $50.95 per share price.On Nov 5, 2015, Christopher Oddleifson (President and CEO) sold 3,893 shares at $47.22 per share price.

Shares of Independent Bank Corp (INDB) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -0.41 points or -0.86% at $47.5 with 1,32,459 shares getting traded. Post opening the session at $47.74, the shares hit an intraday low of $47.01 and an intraday high of $47.88 and the price vacillated in this range throughout the day. The company has a market cap of $1,249 M and the number of outstanding shares has been calculated to be 2,62,94,556 shares. The 52-week high of Independent Bank Corp is $53.335 and the 52-week low is $39.5801.

Independent Bank Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Independent Bank Corp is Downgraded by Compass Point to Neutral and the brokerage firm has set the Price Target at $47. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.

Independent Bank Corp. is a state chartered federally registered bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company’s community banking business provides a range of banking services including lending activities acceptance of demand savings and time deposits and investment management. The Rockland Trust Investment Management Group provides investment management and trust services to individuals institutions small businesses and charitable institutions throughout eastern Massachusetts including Cape Cod and Rhode Island. The bank has 74 banking offices and three limited service branches located within Barnstable Bristol Middlesex Norfolk Plymouth and Worcester counties in eastern Massachusetts.

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