WEBULL

Have Insiders Sold Independent Bank Shares Recently?

Simply Wall St · 1d ago

Anyone interested in Independent Bank Corporation (NASDAQ:IBCP) should probably be aware that the Executive Vice President of Mortgage Banking, Patrick Ervin, recently divested US$104k worth of shares in the company, at an average price of US$34.64 each. On the bright side, that sale was only 7.7% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Independent Bank

In the last twelve months, the biggest single sale by an insider was when the insider, Michael Magee, sold US$199k worth of shares at a price of US$31.02 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$35.05. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 23% of Michael Magee's holding.

Happily, we note that in the last year insiders paid US$131k for 4.32k shares. But they sold 11.29k shares for US$364k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Independent Bank

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NasdaqGS:IBCP Insider Trading Volume December 18th 2025

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Insider Ownership Of Independent Bank

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Independent Bank insiders own about US$17m worth of shares. That equates to 2.3% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Independent Bank Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Independent Bank, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Independent Bank is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Independent Bank you should be aware of.

But note: Independent Bank may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.