Independent Bank Company Insiders

INDB Stock  USD 74.97  0.99  1.34%   
Independent Bank's insiders are aggressively selling. The analysis of insiders' sentiment of trading Independent Bank stock suggests that all insiders are panicking at this time. Independent Bank employs about 1.8 K people. The company is managed by 22 executives with a total tenure of roughly 49 years, averaging almost 2.0 years of service per executive, having 81.23 employees per reported executive.
Christopher Oddleifson  CEO
CEO and President Director, Member of Executive Committee, CEO of Rockland Trust Company and President of Rockland Trust Company and Director of Rockland Trust Company
Mark Ruggiero  President
Senior Vice President CFO, Principal Financial Officer and Principal Accounting Officer

Independent Bank's Insider Buying Vs Selling

0

 
Selling
 
Buying

Latest Trades

2024-02-29Donna L AbelliDisposed 800 @ 52.83View
2024-01-24Eileen C MiskellDisposed 400 @ 61.3View
Monitoring Independent Bank's insider sentiment can offer insights into its future performance, as insiders often have access to more information about their company's operations, financial health, and upcoming initiatives than the general public. However, it's essential to note that insider trading is regulated by securities laws, and insiders are required to disclose their trades publicly to ensure transparency and prevent unfair advantages based on non-public information.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

Independent Bank's Workforce Through the Years

Please note that employee historical analysis has become an increasingly important factor for investors assessing the risk associated with Independent Bank's future performance. Based on our forecasts, it is anticipated that Independent will maintain a workforce of about 1790 employees by December 2024.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid

Independent Bank's latest congressional trading

Congressional trading in companies like Independent Bank, is subject to rigorous scrutiny to prevent conflicts of interest and insider trading. This is governed by multiple SEC regulations which were established to foster transparency and deter members of Congress from leveraging non-public information for personal gain. This oversight helps maintain public trust and ensures that investments in Independent Bank by those in governmental positions are based on the same information available to the general public.
2022-08-13Representative Josh GottheimerAcquired Under $15KVerify

Independent Bank Management Team Effectiveness

The company has return on total asset (ROA) of 0.0101 % which means that it generated a profit of $0.0101 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0672 %, meaning that it created $0.0672 on every $100 dollars invested by stockholders. Independent Bank's management efficiency ratios could be used to measure how well Independent Bank manages its routine affairs as well as how well it operates its assets and liabilities. As of November 26, 2024, Return On Tangible Assets is expected to decline to 0.01. In addition to that, Return On Capital Employed is expected to decline to 0.03. At present, Independent Bank's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 20.1 B, whereas Non Currrent Assets Other are projected to grow to (1.3 B).
The current year's Common Stock Shares Outstanding is expected to grow to about 46.4 M. The current year's Net Income Applicable To Common Shares is expected to grow to about 318.6 M

Independent Bank Workforce Comparison

Independent Bank is currently regarded as number one stock in number of employees category among its peers. The total workforce of Financials industry is currently estimated at about 12,339. Independent Bank retains roughly 1,787 in number of employees claiming about 14% of equities under Financials industry.

Independent Bank Profit Margins

The company has Profit Margin (PM) of 0.3 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.38 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.38.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.790.89
Fairly Down
Slightly volatile
Operating Profit Margin0.660.396
Way Up
Very volatile

Independent Bank Insider Trading History

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Independent Bank insiders, such as employees or executives, is commonly permitted as long as it does not rely on Independent Bank's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases, Independent Bank insiders must file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Buy/Sell Ratio# Purchases Trades# Sales TradesTotal Shares PurchasedTotal Shares Sold
2024-06-01
10.0
10
1
 11,340 
 1,134 
2024-03-01
0.4324
16
37
 34,172 
 6,512 
2023-12-01
0.6667
2
3
 2,612 
 2,000 
2023-09-01
0.3333
1
3
 5,000 
 8,805 
2023-06-01
7.5
15
2
 17,350 
 1,300 
2023-03-01
0.3478
16
46
 45,321 
 8,301 
2022-09-01
0.25
1
4
 623.00 
 4,058 
2022-06-01
4.3333
13
3
 8,099 
 6,523 
2022-03-01
0.3191
15
47
 21,773 
 8,892 
2021-09-01
0.25
1
4
 640.00 
 4,810 
2021-06-01
1.625
13
8
 8,363 
 6,342 
2021-03-01
0.4091
18
44
 38,356 
 10,855 
2020-12-01
0.4
2
5
 1,000.00 
 4,300 
2020-09-01
0.6
3
5
 2,079 
 5,158 
2020-06-01
5.5
11
2
 9,438 
 4,280 
2020-03-01
0.3095
13
42
 24,600 
 13,201 
2019-12-01
0.1538
2
13
 10,000 
 50,727 
2019-06-01
2.5
20
8
 87,405 
 12,795 
2019-03-01
0.3261
15
46
 30,039 
 25,738 
2018-12-01
1.0
2
2
 432.00 
 1,425 
2018-09-01
0.5
2
4
 397.00 
 2,785 
2018-06-01
1.6667
15
9
 11,493 
 17,346 
2018-03-01
0.4186
18
43
 43,351 
 38,632 
2017-12-01
0.3333
4
12
 8,775 
 14,276 
2017-09-01
0.2857
2
7
 424.00 
 10,719 
2017-06-01
2.0
18
9
 19,050 
 25,222 
2017-03-01
0.3953
17
43
 30,418 
 32,949 
2016-12-01
0.1429
3
21
 1,313 
 44,104 
2016-09-01
0.5
4
8
 6,951 
 14,047 
2016-06-01
2.25
27
12
 18,727 
 24,262 
2016-03-01
0.4063
13
32
 25,514 
 8,669 
2015-12-01
0.5
10
20
 75,197 
 107,525 
2015-09-01
0.6667
12
18
 28,309 
 58,589 
2015-06-01
1.2
18
15
 51,435 
 96,803 
2015-03-01
0.6591
29
44
 122,073 
 82,752 
2014-12-01
0.6053
23
38
 142,186 
 270,546 
2014-09-01
1.3333
4
3
 2,862 
 9,802 
2014-06-01
1.25
25
20
 33,192 
 46,978 
2014-03-01
1.6364
18
11
 46,779 
 21,151 
2013-12-01
0.5
4
8
 4,028 
 8,569 
2013-09-01
0.625
10
16
 13,330 
 32,875 
2013-06-01
1.0
14
14
 20,350 
 50,160 
2013-03-01
0.6364
7
11
 24,022 
 9,832 
2012-12-01
0.1111
1
9
 1,000.00 
 239,583 
2012-09-01
0.4286
3
7
 5,689 
 26,012 
2012-06-01
1.6
8
5
 8,000 
 8,574 
2012-03-01
0.5385
7
13
 30,201 
 49,181 
2011-12-01
0.4
2
5
 15,000 
 24,023 
2011-09-01
2.0
2
1
 1,364 
 500.00 
2011-06-01
1.8
18
10
 10,800 
 38,067 
2011-03-01
1.25
10
8
 35,306 
 7,250 
2010-12-01
0.5
2
4
 5,819 
 25,925 
2010-06-01
5.3333
16
3
 39,438 
 18,334 
2010-03-01
2.0
14
7
 45,023 
 22,753 
2009-09-01
0.6667
2
3
 1,641 
 3,500 
2009-06-01
1.3
13
10
 44,400 
 32,113 
2008-12-01
1.3333
4
3
 4,898 
 6,627 
2008-06-01
9.0
9
1
 3,900 
 1,000.00 
2008-03-01
1.25
15
12
 56,929 
 13,680 
2007-09-01
3.0
3
1
 10,666 
 0.00 
2007-06-01
10.0
10
1
 6,693 
 1,000.00 
2007-03-01
0.5
5
10
 22,416 
 7,672 
2006-12-01
0.5
1
2
 160.00 
 6,000 
2006-09-01
0.6667
4
6
 5,863 
 10,050 
2006-06-01
13.0
13
1
 18,500 
 5,000 
2006-03-01
1.0
4
4
 6,685 
 11,000 
2005-12-01
0.5
6
12
 32,000 
 20,525 
2005-06-01
0.8667
13
15
 14,723 
 15,272 
2005-03-01
0.3333
4
12
 9,354 
 19,333 
2004-12-01
1.0
12
12
 48,000 
 6,250 
2004-09-01
1.0
2
2
 294.00 
 627.00 
2004-06-01
2.0
8
4
 12,000 
 7,350 
2004-03-01
1.0
2
2
 2,407 
 5,000 
2003-12-01
1.8
9
5
 44,575 
 19,750 
2003-09-01
1.3333
4
3
 14,550 
 22,263 

Independent Bank Notable Stakeholders

An Independent Bank stakeholder refers to an individual interested in an outcome of the business. Different stakeholders have different interests, and companies such as Independent Bank often face trade-offs trying to please all of them. Independent Bank's stakeholders can have a positive or negative influence on the entity's direction, and there are a lot of executives involved in getting Independent Bank's stock to the level that pleases all shareholders. Keeping track of the stakeholders is a great way to stay on top of things affecting its ongoing price.
Christopher OddleifsonCEO and President Director, Member of Executive Committee, CEO of Rockland Trust Company and President of Rockland Trust Company and Director of Rockland Trust CompanyProfile
Jeffrey TengelCEO PresidentProfile
Mark RuggieroSenior Vice President CFO, Principal Financial Officer and Principal Accounting OfficerProfile
Robert CozzoneCFO, Treasurer, CFO of Rockland Trust Company and Treasurer of Rockland Trust CompanyProfile
Maria HarrisDirector of Human Resource of Rockland TrustProfile
Lee PowlusChief VPProfile
Maureen GaffneyController VPProfile
CFA CFAMD CompanyProfile
Dawn MugfordExecutive OfficerProfile
Timothy LaneSenior AuditorProfile
Patricia EsqExecutive CounselProfile
Barry JensenCIO of Rockland TrustProfile
David CFAExecutive OfficerProfile
Meagan SilvaEx AssistantProfile
Mark CPAChief OfficerProfile
Alastair IronsideExecutive OfficerProfile
Edward EsqExec CounselProfile
Jonathan NelsonTreasurerProfile
Kathryn OmalleyExecutive CompanyProfile
James RizzoExecutive CompanyProfile
Margaret McCarthyExecutive OfficerProfile
Debra SmithVP CompanyProfile

About Independent Bank Management Performance

The success or failure of an entity such as Independent Bank often depends on how effective the management is. Independent Bank management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of Independent management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the Independent management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.01  0.01 
Return On Capital Employed 0.04  0.03 
Return On Assets 0.01  0.01 
Return On Equity 0.08  0.08 
Please note, the presentation of Independent Bank's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independent Bank's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Independent Bank's management manipulating its earnings.

Independent Bank Workforce Analysis

Traditionally, organizations such as Independent Bank use manpower efficiency calculations for various incentive schemes, employee appraisal, or as an initiative to improve the processes. However, it can also be used by investors to make long-term investment decisions. The trends in the profit per employee or revenue per employee are measured by net income or revenue divided by the current number of full-time employees over a given time interval. Because workforce needs differ across sectors, these ratios could be used to compare Independent Bank within its industry.

Independent Bank Manpower Efficiency

Return on Independent Bank Manpower

Revenue Per Employee445.3K
Revenue Per Executive36.2M
Net Income Per Employee134K
Net Income Per Executive10.9M

Complementary Tools for Independent Stock analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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