Today it was reported that a Director at Independent Bank Corp (INDB), Daniel Obrien, exercised options to buy 5,000 INDB shares at $23.06 a share, for a total transaction value of $115.3K.
This recent transaction increases Daniel Obrien’s holding in the company by 23.72% to a total of $1.86 million. This is Obrien’s first Buy trade following 5 Sell transactions.
See today’s analyst top recommended stocks >>
Based on Independent Bank Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $112 million and quarterly net profit of $35.23 million. In comparison, last year the company earned revenue of $93.16 million and had a net profit of $27.56 million. INDB’s market cap is $2.01B and the company has a P/E ratio of 15.36. Currently, Independent Bank Corp has an average volume of 56.08K.
In the last 30 days, insiders have sold $129.5K worth of INDB shares and purchased $115.3K worth of INDB shares. The insider sentiment on Independent Bank Corp has been negative according to 82 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts.
