Director sale details
John J. Morrissey, a director at Independent Bank Corp, sold 1,988 shares of the company's common stock on February 6, 2026, at $85.70 per share. The transaction amounted to $170,371. At the time of the sale, Independent Bank shares were trading close to a 52-week high of $87.
Post-transaction holdings and dividend plan
Following the disposition, Morrissey directly holds 12,747.078 shares of Independent Bank Corp. That total includes 376.6224 shares acquired through participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the most recent Form 4 filing dated May 21, 2025. Independent Bank’s dividend record is noted in company disclosures: the bank has paid dividends for 32 consecutive years and has raised dividends for 15 consecutive years. The current dividend yield stands at 2.77%, and the company’s market capitalization is $4.19 billion.
Recent operating performance
Independent Bank reported fourth-quarter 2025 results that topped expectations on key metrics. Adjusted operating earnings per share were $1.70, slightly above the consensus forecast of $1.65. Revenue for the quarter was $253.93 million, surpassing the anticipated $249.64 million.
Analyst reactions
Market analysts have offered differing takes following the results. Raymond James raised its price target for Independent Bank to $94.00 from $84.00 while retaining a Strong Buy rating, citing core net interest margin expansion it expects to persist on the back of asset repricing and lower funding costs. By contrast, Barclays downgraded the stock from Equalweight to Underweight and assigned a $80.00 price target, pointing to concerns about the bank’s growth prospects amid increasing competition in its markets. These analyst moves reflect contrasting assessments of near-term margin trends and competitive dynamics.
Context and implications
The director sale, the company’s dividend profile and the upbeat quarterly results together provide a snapshot of current investor-relevant developments at Independent Bank. Morrissey’s remaining stake and the continuation of the dividend reinvestment plan are factual elements investors can reference alongside the recent earnings beat and the split analyst response when assessing the stock.
Note: This article reports transactional and financial details disclosed by the company and published filings and analyst commentary.