The CFO of Independent Bank Corp (NASDAQ: INDB) is Selling Shares

By Carrie Williams

Today, the CFO of Independent Bank Corp (INDBResearch Report), Robert Cozzone, sold shares of INDB for $259.6K.

In addition to Robert Cozzone, one other INDB executive reported Sell trades in the last month.

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Based on Independent Bank Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $111 million and quarterly net profit of $29.93 million. In comparison, last year the company earned revenue of $94.89 million and had a net profit of $22.06 million. INDB’s market cap is $2.29B and the company has a P/E ratio of 18.52. Currently, Independent Bank Corp has an average volume of 64.49K.

The insider sentiment on Independent Bank Corp has been negative according to 79 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Robert Cozzone’s trades have generated a -12.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts.