The CFO of Independent Bank Corp is Exercising Options


Today it was reported that the CFO of Independent Bank Corp (INDB), Robert Cozzone, exercised options to sell 2,500 INDB shares at $27.57 a share, for a total transaction value of $204.1K.

Following Robert Cozzone’s last INDB Sell transaction on November 06, 2017, the stock climbed by 11.4%. In addition to Robert Cozzone, one other INDB executive reported Sell trades in the last month.

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Based on Independent Bank Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $111 million and quarterly net profit of $29.93 million. In comparison, last year the company earned revenue of $94.89 million and had a net profit of $22.06 million. INDB’s market cap is $2.28B and the company has a P/E ratio of 18.45. Currently, Independent Bank Corp has an average volume of 60.07K.

The insider sentiment on Independent Bank Corp has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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