Procore signs multi-year strategic collaboration agreement with AWS
Director Gerard F. Nadeau of Independent Bank Corp (NASDAQ:INDB), a $3.4 billion market cap financial institution, recently sold 5,000 shares of common stock, according to a Form 4 filing with the Securities and Exchange Commission. The sales, which occurred on August 12 and 13, 2025, generated $332,272. According to InvestingPro, the stock currently trades at $68, with analysts setting price targets between $74 and $84.
On August 12, Nadeau sold 3,500 shares in multiple transactions at prices ranging from $66.00 to $66.01, On August 13, the director sold 1,500 shares in multiple transactions at prices ranging from $67.50 to $67.58. Following these transactions, Nadeau directly owns 25,395 shares of Independent Bank Corp. The company has maintained dividend payments for 32 consecutive years, with 14 years of consecutive increases. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with additional insights available in the comprehensive Pro Research Report.
Nadeau also indirectly owns 265.0723 shares through his daughter and 267.4088 shares through his son.
In other recent news, Independent Bank Corp reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved a diluted earnings per share (EPS) of $1.25, exceeding the forecasted $1.21. Additionally, revenue reached $181.8 million, outperforming the anticipated $179.47 million. Raymond James responded to these results by raising the stock’s price target to $84.00 from $78.00, maintaining a "Strong Buy" rating. The firm highlighted the bank’s net interest margin expansion and share repurchases as key factors for expected profitability improvements. These developments reflect positively on Independent Bank Corp’s financial performance and strategic initiatives.
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