impartial bank Corp

Metropolitan existence coverage Co. new york Sells 482 Shares of  (INDimpartial bank CorpB)

Metropolitan lifestyles coverage Co. ny lowered its position in independent financial institution Corp (NASDAQ:INDB) by means of 2.6% all over the fourth quarter, in response to its most recent disclosure with the Securities and exchange fee. The enterprise owned 18,214 shares of the business’s inventory after selling 482 shares all through the duration. Metropolitan existence coverage Co. big apple owned about 0.07% of independent bank Corp value $1,283,000 at the end of the most recent reporting length.

a couple of different significant traders have also bought and bought shares of the enterprise. Elkfork partners LLC bought a new stake in shares of impartial bank Corp throughout the fourth quarter valued at approximately $124,000. Beaumont financial companions LLC bought a brand new stake in shares of independent bank Corp during the fourth quarter valued at about $232,000. SG Americas Securities LLC bought a new stake in shares of independent bank Corp throughout the third quarter valued at about $311,000. BlackRock Inc. increased its stake in shares of impartial financial institution Corp by using 7.6% within the third quarter. BlackRock Inc. now owns 6,768 shares of the company’s stock valued at $366,000 after purchasing an further 478 shares throughout the last quarter. ultimately, castle Advisors LLC multiplied its stake in shares of independent bank Corp via 34.2% in the third quarter. fortress Advisors LLC now owns 7,088 shares of the company’s stock valued at $383,000 after buying an extra 1,806 shares throughout the final quarter. seventy seven.sixty seven% of the inventory is owned by institutional investors and hedge dollars.

Shares of unbiased financial institution Corp (NASDAQ:INDB) opened at 60.35 on Friday. The firm has a 50-day relocating ordinary of $sixty three.64 and a 200 day moving general of $61.56. independent bank Corp has a 52 week low of $forty two.44 and a 52 week high of $seventy one.ninety five. The company has a market cap of $1.sixty three billion, a P/E ratio of 20.eighty one and a beta of 0.96.

impartial financial institution Corp (NASDAQ:INDB) final released its quarterly profits results on Thursday, January 19th. The company reported $0.76 income per share (EPS) for the quarter, lacking the consensus estimate of $0.seventy nine by using $0.03. unbiased bank Corp had a return on fairness of 9.83% and a internet margin of 23.29%. Equities analysts count on that unbiased bank Corp will submit $3.34 salary per share for the latest fiscal yr.

The business also lately declared a quarterly dividend, which might be paid on Friday, April seventh. Shareholders of listing on Monday, March 27th might be issued a dividend of $0.32 per share. here's a good alternate from impartial bank Corp’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March twenty third. This represents a $1.28 annualized dividend and a yield of two.12%. impartial bank Corp’s dividend payout ratio (DPR) is at this time forty.00%.

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separately, Zacks investment research downgraded shares of unbiased financial institution Corp from a “strong-buy” score to a “grasp” ranking in a analysis note on Wednesday.

In different independent financial institution Corp information, Director Maurice H. Sullivan, Jr. sold 4,275 shares of the firm’s stock in a transaction that happened on Friday, March tenth. The shares have been offered at a typical expense of $sixty four.sixty five, for a total transaction of $276,378.seventy five. Following the completion of the transaction, the director now owns 28,455 shares in the company, valued at approximately $1,839,615.75. The transaction turned into disclosed in a doc filed with the SEC, which will also be accessed through the SEC site. additionally, time-honored information Edward H. Seksay bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The inventory was bought at a normal expense of $sixty three.20, for a total transaction of $126,four hundred.00. Following the transaction, the normal suggestions now owns 10,640 shares of the company’s stock, valued at about $672,448. The disclosure for this sale can be found right here. in the last 90 days, insiders have sold 9,550 shares of enterprise stock valued at $609,416. business insiders personal 3.02% of the business’s stock.

About unbiased financial institution Corp

independent bank Corp. is a bank holding enterprise. The enterprise is the sole stockholder of Rockland have confidence enterprise (Rockland or the financial institution). The bank is a community-oriented commercial financial institution. The business operates in neighborhood banking enterprise phase. The company’s neighborhood banking company gives a number banking features, including lending actions, acceptance of demand, mark downs, and time deposits, and funding management.

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