The cluster is small and passive in nature, with no insider buying to corroborate conviction. Monitor Q4 2026 earnings for NII growth and NIM stability, as the Q3 miss on deposit costs and NPLs may weigh on sentiment.
Executive Summary
Three asset managers added small positions in Independent Bank Corp. during Q3 2026, while one advisor nearly exited. The buying follows the company's record Q3 earnings reported on October 15, which beat sequentially but missed consensus estimates. The cluster is small in scale and lacks insider corroboration, limiting conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $2.7M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Proshare Advisors | ADD | +37.8% | $9.5M | $2.1M |
| Wealth Enhancement Advisory Services | ADD | +41.8% | $2.6M | $611.0K |
| Mather Group | ADD | +28.8% | $16.0K | $3.0K |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Farther Finance Advisors | NEAR_EXIT | -87.7% | $130.0K | -$116.0K |
Key Facts
- Three asset managers added positions totaling $2.7M in net buying during Q3 2026
- Proshare Advisors increased its stake by 37.8% to $9.5M, the largest buyer
- Farther Finance Advisors nearly exited, reducing its position by 87.7% to $15K
- No open-market insider buying was detected (confluence score 0/100)
- The cluster follows Q3 2026 earnings: record net income of $89.7M but EPS of $1.90 missed consensus of $1.96
Financial Impact
Three institutions added $2.7M in net new positions while one seller reduced by $116K; total buying value $12.1M vs selling value $15K
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying to confirm institutional thesis
- Q3 EPS miss and rising deposit costs could pressure near-term performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-INDB-2026-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Institutional Cluster | $83.71 | awaiting T+5 | awaiting T+5 | No price |
Oct 23, 2026 9d ago | S-3ASR | $83.70 | awaiting T+5 | awaiting T+5 | No price |
Oct 15, 2026 17d ago | 8-K | $79.88 $83.72 | ▼ −4.81% | ▼ −5.24% | No price |
Jul 27, 2026 13w ago | 8-K | $86.14 $85.00 | ▼ −1.32% | ▼ −3.59% | No price |
Jun 18, 2026 19w ago | 8-K | $81.40 $85.19 | ▲ +4.66% | ▲ +6.72% | No price |
Apr 16, 2026 28w ago | 8-K | $77.95 $77.75 | ▼ −0.26% | ▼ −0.81% | No price |
Apr 13, 2026 28w ago | 8-K | $80.04 $77.67 | ▼ −2.96% | ▼ −4.36% | No price |
Apr 1, 2026 30w ago | DEFA14A | $76.78 $79.62 | ▲ +3.70% | ▲ +0.08% | No price |
Mar 4, 2026 34w ago | 8-K | $77.62 $74.43 | ▼ −4.11% | ▼ −1.87% | No price |
US Market Status
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