Independent Bank Ownership | Who Owns Independent Bank?

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Independent Bank Ownership Summary

Independent Bank is owned by 81.53% institutional investors, 1.15% insiders, and 17.31% retail investors. Blackrock is the largest institutional shareholder, holding 14.26% of INDB shares. iShares Core S&P Small-Cap ETF is the top mutual fund, with 6.35% of its assets in Independent Bank shares.

INDB Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Independent Bank	81.53%	1.15%	17.31%
Sector	Financial Services Stocks	43.55%	12.63%	43.82%
Industry	Regional Banks Stocks	49.57%	11.62%	38.81%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock	6.07M	14.26%	$307.78M
Vanguard group	5.06M	11.89%	$256.63M
State street	2.36M	5.55%	$119.87M
Dimensional fund advisors lp	2.16M	5.07%	$109.44M
Victory capital management	1.70M	4.00%	$86.28M
Geode capital management	1.01M	2.37%	$51.16M
Macquarie group	986.47K	2.32%	$50.03M
Rockland trust	737.48K	1.73%	$37.40M
Morgan stanley	694.40K	1.63%	$35.22M
Silvercrest asset management group	693.24K	1.63%	$35.16M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Rockland trust	737.48K	1.97%	$37.40M
Siena capital partners gp	60.00K	1.00%	$3.04M
Moody aldrich partners	95.52K	0.94%	$4.84M
Dean capital management	11.88K	0.78%	$602.65K
Nuance investments	452.41K	0.70%	$22.95M
Leeward investments, llc - ma	262.28K	0.61%	$13.30M
Excalibur management	28.46K	0.59%	$1.44M
Nfj investment group	220.08K	0.34%	$11.16M
City center advisors	5.53K	0.34%	$290.82K
Kelly financial services	18.10K	0.33%	$918.03K

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	378.64K	0.00%	378.64K
Victory capital management	1.70M	0.09%	342.20K
Millennium management	299.23K	0.01%	215.86K
Nfj investment group	220.08K	0.34%	189.24K
Dimensional fund advisors lp	2.16M	0.03%	186.68K

Top Sellers

Holder	Shares	% Assets	Change
Nuance investments	452.41K	0.70%	-509.52K
Palisade capital management, lp	-	-	-456.75K
Silvercrest asset management group	693.24K	0.24%	-295.17K
Blackrock	6.07M	0.01%	-212.89K
Vanguard group	5.06M	0.00%	-160.65K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	378.64K	0.00%	378.64K	$19.20M
Bridgeway capital management	135.15K	0.16%	135.15K	$6.85M
Empowered funds	111.25K	0.10%	111.25K	$5.58M
Great lakes advisors	106.56K	0.05%	106.56K	$5.40M
Howland capital management	74.30K	0.18%	74.30K	$3.77M

Sold Out

Holder	Change
Picton mahoney asset management	-1.00
Tfo-tdc	-2.00
Abound wealth management	-7.00
Nelson, van denburg & campbell wealth management group	-9.00
Northwestern mutual wealth management	-15.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2024	273	-0.36%	34,695,793	1.81%	81	1.27%	130	7.44%	98	-3.92%
Mar 31, 2024	274	7.03%	34,077,821	-3.58%	80	1.21%	121	19.80%	102	-6.42%
Dec 31, 2023	256	1.19%	35,343,372	-0.77%	81	1.25%	101	-19.84%	109	41.56%
Sep 30, 2023	253	2.02%	35,617,116	-0.72%	80	1.22%	126	7.69%	77	-1.28%
Jun 30, 2023	248	-6.77%	35,874,340	-0.35%	81	1.27%	117	-1.68%	78	-14.29%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
iShares Core S&P Small-Cap ETF	2.70M	6.35%	-
Vanguard Total Stock Mkt Idx Inv	1.23M	2.90%	-8.97K
iShares Russell 2000 ETF	1.07M	2.51%	-
Vanguard Small Cap Index	1.01M	2.38%	2.00K
Delaware Small Cap Core I	789.05K	1.86%	-4.89K
Vanguard Small Cap Value Index Inv	683.86K	1.61%	-236.00
Vanguard Institutional Extnd Mkt Idx Tr	643.66K	1.52%	8.32K
DFA US Small Cap Value I	540.19K	1.27%	31.82K
Victory Sycamore Small Company Opp R	485.00K	1.14%	-375.00K
Victory Small Cap Value CIT (Net 75)	485.00K	1.14%	-375.00K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Jun 03, 2024	MISKELL EILEEN C	-	Sell	$56.95K
Mar 01, 2024	Ruggiero Mark J	CFO & EVP Consumer Lending	Buy	$25.54K
Feb 29, 2024	Abelli Donna L	-	Sell	$42.26K
Jan 24, 2024	MISKELL EILEEN C	-	Sell	$24.52K
Nov 03, 2023	MORRISSEY JOHN J	-	Sell	$109.18K

Insider Transactions Trends

Date	Buy	Sell
2024 Q2	-	1
2024 Q1	1	2
2023 Q4	2	1
2023 Q3	-	-
2023 Q2	3	1

INDB Ownership FAQ

Who Owns Independent Bank?

Independent Bank shareholders are primarily institutional investors at 81.53%, followed by 1.15% insiders and 17.32% retail investors. The average institutional ownership in Independent Bank's industry, Regional Banks Stocks, is 49.57%, which Independent Bank exceeds.

Who owns the most shares of Independent Bank?

Independent Bank’s largest shareholders are Blackrock (6.07M shares, 14.26%), Vanguard group (5.06M shares, 11.89%), and State street (2.36M shares, 5.55%). Together, they hold 31.70% of Independent Bank’s total shares outstanding.

Does Blackrock own Independent Bank?

Yes, BlackRock owns 14.26% of Independent Bank, totaling 6.07M shares as of Jun 2024. This represents 0.01% of BlackRock's total assets, with a market value of 307.78M$. In the last quarter, BlackRock decreased its holdings by -213K shares, a -3.39% change.

Who is Independent Bank’s biggest shareholder by percentage of total assets invested?

Rockland trust is Independent Bank’s biggest shareholder by percentage of total assets invested, with 1.97% of its assets in 737.48K Independent Bank shares, valued at 37.4M$.

Who is the top mutual fund holder of Independent Bank shares?

iShares Core S&P Small-Cap ETF is the top mutual fund holder of Independent Bank shares, with 6.35% of its total shares outstanding invested in 2.7M Independent Bank shares.

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