
Have Independent Bank Insiders Been Selling Stock?

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Independent Bank Corp. (NASDAQ:INDB) faced scrutiny as Director Gerard Nadeau sold US$332k worth of stock, representing 16% of his holdings. This sale, the largest insider transaction in the past year, occurred at a price close to the current share price of US$66.08. No insider purchases have been reported in the last year, raising caution among investors. Insiders own about US$69m worth of shares, equating to 2.1% of the company, suggesting some alignment with shareholders. However, the lack of recent insider buying and the selling activity warrant careful consideration before investing.
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