Independent Bank Corp (Michigan)
NASDAQ:IBCP
During the last 3 months Independent Bank Corp (Michigan) insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 14% over this period (open performance analysis).
The last transaction was made on
Dec 3, 2024
by
Ervin Patrick J
(Executive Vice President and Chief Lending Officer)
, who
bought
10.4k USD
worth of IBCP shares.
During the last 3 months Independent Bank Corp (Michigan) insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 14% over this period (open performance analysis).
The last transaction was made on
Dec 3, 2024
by
Ervin Patrick J
(Executive Vice President and Chief Lending Officer)
, who
bought
10.4k USD
worth of IBCP shares.
Independent Bank Corp (Michigan)
Glance View
Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 866 full-time employees. The firm operates through the community banking segment, which provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The firm is engaged in bank transacts business in the single industry of commercial banking. The Bank classifies loans as commercial, consumer real estate and other consumers. Its commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Its consumer real estate consists of residential mortgages and home equity loans and lines of credit that are secured primarily by owner-occupied residences and mortgages for the construction of residential properties. Its other consumer loans are focused on personal loans. The company has over 119 retail branches, two limited-service branches and a mobile branch in Eastern Massachusetts.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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