Independent Bank Corp (INDB): Maurice H Jr Sullivan , director of Independent Bank Corp sold 3,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $49.68 per share for a total value of $149,027.70 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Carl Ribeiro (director) sold 700 shares at $48.93 per share price.On May 17, 2016, Gerard F Nadeau (Executive Vice President) sold 4,520 shares at $46.35 per share price.Also, 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.
Shares of Independent Bank Corp (INDB) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.92 points or -1.85% at $48.89 with 82,060 shares getting traded. Post opening the session at $49.48, the shares hit an intraday low of $47.72 and an intraday high of $49.48 and the price vacillated in this range throughout the day. The company has a market cap of $1,286 M and the number of outstanding shares has been calculated to be 2,63,02,440 shares. The 52-week high of Independent Bank Corp is $53.335 and the 52-week low is $39.5801.
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.