14,423 Independent Bank Corp. $INDB Shares Sold by Leeward Investments LLC MA

Posted by Geri Gentry on Oct 26th, 2026

Leeward Investments LLC MA cut its holdings in shares of Independent Bank Corp. (NASDAQ:INDB – Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,922 shares of the bank’s stock after selling 14,423 shares during the period. Leeward Investments LLC MA owned approximately 0.52% of Independent Bank worth $19,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Independent Bank in the 2nd quarter valued at about $584,333,000. Reinhart Partners LLC. increased its holdings in Independent Bank by 1.3% during the 2nd quarter. Reinhart Partners LLC. now owns 657,871 shares of the bank’s stock worth $55,078,000 after purchasing an additional 8,575 shares in the last quarter. Bank of America Corp DE increased its holdings in Independent Bank by 16.6% during the 1st quarter. Bank of America Corp DE now owns 592,665 shares of the bank’s stock worth $44,574,000 after purchasing an additional 84,282 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Independent Bank during the 2nd quarter worth approximately $41,268,000. Finally, NFJ Investment Group LLC bought a new stake in Independent Bank during the 2nd quarter worth approximately $35,278,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity

In other Independent Bank news, Director Gerard Nadeau sold 5,307 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $84.69, for a total value of $449,449.83. Following the completion of the sale, the director directly owned 16,907 shares of the company’s stock, valued at approximately $1,431,853.83. This represents a 23.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas R. Venables sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $83.00, for a total transaction of $311,250.00. Following the completion of the sale, the director directly owned 17,649 shares of the company’s stock, valued at $1,464,867. The trade was a 17.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler raised Independent Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Keefe, Bruyette & Woods dropped their target price on Independent Bank from $99.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Independent Bank in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $91.86.

Check Out Our Latest Stock Analysis on Independent Bank

Independent Bank Price Performance

INDB opened at $83.72 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.40 and a beta of 0.78. The firm’s fifty day moving average price is $81.16 and its two-hundred day moving average price is $81.31. Independent Bank Corp. has a 1 year low of $65.44 and a 1 year high of $87.50.

Independent Bank (NASDAQ:INDB – Get Free Report) last posted its earnings results on Thursday, October 15th. The bank reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. The firm had revenue of $261.95 million during the quarter, compared to analyst estimates of $261.27 million. Independent Bank had a net margin of 24.27% and a return on equity of 9.61%. As a group, analysts anticipate that Independent Bank Corp. will post 7.25 earnings per share for the current fiscal year.

Independent Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, September 28th. This represents a $2.56 annualized dividend and a yield of 3.1%. Independent Bank’s payout ratio is 37.93%.

Independent Bank Profile

(Free Report)

Independent Bank Corp. is the bank holding company for Rockland Trust Company, a full-service community bank headquartered in Rockland, Massachusetts. Through Rockland Trust, the company provides banking and financial services to individuals, families, businesses, municipalities and nonprofit organizations.

Its offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, cash-management and treasury services, online and mobile banking, and wealth management.