Independent Bank Corp (INDB) Files Form 4 Insider Selling : Gerard F Nadeau Sells 4,520 Shares

Independent Bank Corp (INDB): Gerard F Nadeau , Executive Vice President of Independent Bank Corp sold 4,520 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $46.35 per share for a total value of $209,504.27 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Maurice H Jr Sullivan (director) sold 2,475 shares at $46.80 per share price.On May 10, 2016, Jane Lundquist (Executive Vice President) sold 3,000 shares at $46.79 per share price.Also, On May 2, 2016, Christopher Oddleifson (President and CEO) sold 1,725 shares at $46.79 per share price.On Nov 12, 2015, Robert D Cozzone (CFO and Treasurer) sold 1,250 shares at $50.95 per share price.

Independent Bank Corp: On Monday, May 16, 2016 heightened volatility was witnessed in Independent Bank Corp which led to swings in the share price. The shares opened for trading at $45.9 and hit $46.94 on the upside , eventually ending the session at $46.46, with a gain of 1.37% or 0.63 points. The heightened volatility saw the trading volume jump to 46,591 shares. The 52-week high of the share price is $53.335 and the company has a market cap of $1,222 M . The 52-week low of the share price is at $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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