Investment Firm Builds New $70.7 Million Position in Bank Stock, According to Recent SEC Filing

20 hours ago 2

Jake Lerch, The Motley Fool

Fri, May 15, 2026 astatine 9:47 AM CDT 4 min read

On May 13, 2026, Channing Capital Management, LLC disclosed a caller presumption successful Independent Bank (NASDAQ:INDB), acquiring 939,667 shares successful an estimated $73.65 cardinal commercialized based connected the quarterly mean price.

What happened

According to a SEC filing dated May 13, 2026, Channing Capital Management, LLC initiated a caller involvement successful Independent Bank, purchasing 939,667 shares. The estimated transaction worth was $73.65 million, based connected the mean first-quarter 2026 closing price. At the extremity of the quarter, the presumption was valued astatine $70.67 million, reflecting some the acquisition and consequent terms movement.

What other to cognize

This caller presumption accounts for 1.8098% of Channing Capital’s 13F assets nether absorption arsenic of March 31, 2026

Top 5 holdings aft the filing:

NASDAQ:LFUS: $99.92 cardinal (2.6% of AUM)
NYSE:MSA: $99.59 cardinal (2.6% of AUM)
NYSE:VVV: $99.10 cardinal (2.5% of AUM)
NYSE:SWX: $96.18 cardinal (2.5% of AUM)
NYSE:TKR: $93.55 cardinal (2.4% of AUM)

As of May 13, 2026, shares of Independent Bank were priced astatine $76.17, up 20.87% implicit the past year, underperforming the S&P 500 by 5.60 percent points successful that period

Company Overview

Metric

Value

Revenue (TTM)	$1.25 billion
Net Income (TTM)	$240.62 million
Dividend Yield	3.31%
Price (as of marketplace adjacent May 13, 2026)	$76.17

Company Snapshot

Offers a afloat suite of commercialized banking products and services, including checking and savings accounts, commercialized and user loans, concern management, and spot services.
Generates gross chiefly done nett involvement income connected loans and deposits, arsenic good arsenic fee-based income from wealthiness absorption and transaction services.
Serves individuals, small-to-medium-sized businesses, and organization clients, with a superior absorption connected the Eastern Massachusetts region.

Independent Bank is simply a starring determination slope holding company, operating done Rockland Trust Company with a important beingness successful Eastern Massachusetts. The institution offers a diversified scope of products and services, including commercialized banking, wealthiness management, and spot services. The institution provides broad fiscal services to clients crossed Eastern Massachusetts.

What this transaction means for investors

Channing Capital Management, a Chicago-based concern firm, precocious bought astir 940,000 shares of Independent Bank Corp (INDB) during the archetypal 4th (the 3 months ended March 31, 2026). Here are immoderate important takeaways for investors.

To begin, INDB, a fiscal stock, has precocious astir 89% implicit the past 3 years, equating to a compound yearly maturation complaint (CAGR) of 23.6%. The S&P 500, connected the different hand, has generated a full instrumentality of 89% and a CAGR of 23.6%. To enactment it different way, INDB has generated a coagulated instrumentality implicit the past 3 years — close connected par with the broader market.

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