Investing.com - Financial Markets Worldwide

Independent bank director Beia buys $55,813 in shares

Published 25/06/2025, 20:44
Independent bank director Beia buys $55,813 in shares
IBCP
1.60%

Director Terance L Beia of Independent Bank (NASDAQ:INDB) Corp (NASDAQ:IBCP), a regional bank with a market capitalization of $651 million, recently purchased 1,821 shares of common stock at $30.65, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on June 13, 2025, amounted to $55,813. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 9.9x.

Following the transaction, Beia directly owns 40,001 shares of Independent Bank Corp , which includes 60 shares acquired through a dividend reinvestment program in 2024. The company maintains a 3.3% dividend yield and has consistently paid dividends for 12 consecutive years. InvestingPro data reveals 8 additional key insights about IBCP’s financial health and growth prospects, available to subscribers.

In other recent news, Independent Bank Corporation reported its financial results for the first quarter of 2025, with earnings per share (EPS) of $0.74, surpassing the forecast of $0.70. Despite this positive earnings performance, the company reported revenue of $54.11 million, falling short of the anticipated $54.99 million. The bank’s net interest margin improved to 3.49% from 3.3% a year earlier, highlighting a strategic focus on core deposits and loan growth. Total (EPA:TTEF) deposits increased to $4.63 billion, with core deposits rising by $9.1 million. Independent Bank Corp’s net income for the quarter was $15.6 million, slightly down from $16 million in the same period last year. Analysts from firms such as Hovde Group and D.A. Davidson expressed interest in the company’s strategic plans and risk management during the earnings call. The bank maintains a positive outlook, with EPS forecasts for upcoming quarters ranging from $0.76 to $0.85, and continues to explore merger and acquisition opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.