CFO of Independent Bank Corp. (INDB) Denis K Sheahan sells 10,000 shares of INDB on 02/03/2012 at an average price of $29.04 a share.

Independent Bank Corp. has a market cap of $619.7 million; its shares were traded at around $28.85 with a P/E ratio of 13.6 and P/S ratio of 2.5. The dividend yield of Independent Bank Corp. stocks is 2.7%.


This is the insider trade history vs. stock price of INDB. For the complete insider trading history of INDB, click here.

Directors and Officers Recent Trades:

• Director Carl Ribeiro bought 289 shares of INDB stock on 01/24/2012 at the average price of 28.45. Carl Ribeiro owns at least 16,461 shares after this. The price of the stock has increased by 1.41% since.
• Director Kevin J Jones bought 1,179 shares of INDB stock on 01/24/2012 at the average price of 28.45. Kevin J Jones owns at least 107,441 shares after this. The price of the stock has increased by 1.41% since.
• Director Daniel F Obrien bought 11,000 shares of INDB stock on 11/04/2011 at the average price of 25.6. Daniel F Obrien owns at least 25,357 shares after this. The price of the stock has increased by 12.7% since.
• Executive Vice President Gerard F Nadeau sold 3,375 shares of INDB stock on 01/31/2012 at the average price of 27.41. Gerard F Nadeau owns at least 32,598 shares after this. The price of the stock has increased by 5.25% since.
• Director Eileen C Miskell sold 500 shares of INDB stock on 01/24/2012 at the average price of 28.38. Eileen C Miskell owns at least 20,616 shares after this. The price of the stock has increased by 1.66% since.

For the complete insider trading history of INDB, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool