Independent Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:INDB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
03 Jun 24	SellUS$56,946	Eileen Miskell	Individual	1,134	US$50.22
01 Mar 24	BuyUS$25,543	Mark Ruggiero	Individual	500	US$51.09
29 Feb 24	SellUS$42,264	Donna Abelli	Individual	800	US$52.83
24 Jan 24	SellUS$24,520	Eileen Miskell	Individual	400	US$61.30

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of INDB?
Owner Type	Number of Shares	Ownership Percentage
State or Government	34,800	0.0819%
Private Companies	100,000	0.235%
Individual Insiders	348,280	0.82%
General Public	7,147,555	16.8%
Institutions	34,862,150	82%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 62.01% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.6%	BlackRock, Inc.	6,199,418	US$403.0m	2.16%	0.01%
11.8%	The Vanguard Group, Inc.	5,030,522	US$327.0m	-0.58%	no data
5.38%	State Street Global Advisors, Inc.	2,287,911	US$148.7m	-3.19%	0.01%
5.37%	Dimensional Fund Advisors LP	2,282,315	US$148.4m	5.76%	0.02%
2.45%	Victory Capital Management Inc.	1,039,694	US$67.6m	-38.9%	0.06%
2.39%	Geode Capital Management, LLC	1,017,400	US$66.1m	0.89%	no data
2.27%	Macquarie Investment Management Business Trust	964,904	US$62.7m	-2.19%	0.07%
1.61%	Silvercrest Asset Management Group LLC	685,604	US$44.6m	-1.1%	0.3%
1.52%	The Rockland Trust Investment Management Group	643,901	US$41.9m	-12.7%	2.13%
1.46%	Boston Trust Walden Company	619,313	US$40.3m	-2.46%	0.28%
1.36%	Northern Trust Global Investments	577,220	US$37.5m	-2.05%	0.01%
1.23%	Charles Schwab Investment Management, Inc.	523,659	US$34.0m	4.58%	0.01%
1.01%	BNY Asset Management	429,750	US$27.9m	-9.22%	0.01%
1%	American Century Investment Management Inc	423,313	US$27.5m	54.9%	0.01%
0.92%	Goldman Sachs Asset Management, L.P.	392,197	US$25.5m	62.1%	0.01%
0.89%	Norges Bank Investment Management	378,640	US$24.6m	0%	no data
0.89%	Invesco Capital Management LLC	377,770	US$24.6m	-22.2%	0.01%
0.86%	Morgan Stanley, Investment Banking and Brokerage Investments	367,260	US$23.9m	9.88%	no data
0.86%	GW&K Investment Management, LLC	365,520	US$23.8m	-3.84%	0.19%
0.84%	Eaton Vance Management	356,002	US$23.1m	-0.91%	0.01%
0.72%	ClearBridge Investments, LLC	304,280	US$19.8m	0.07%	0.01%
0.67%	BNPP Asset Management Holding	283,661	US$18.4m	11.1%	0.03%
0.66%	Bridgeway Capital Management, LLC	282,086	US$18.3m	15%	0.29%
0.62%	American Beacon Advisors, Inc.	263,116	US$17.1m	261%	0.4%
0.6%	Millennium Management LLC	255,542	US$16.6m	-14.6%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 00:08
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Independent Bank Corp. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	Baird
David Bishop	D.A. Davidson & Co.
Barry Sine	Drexel Hamilton