Assenagon Asset Management Reduces Stake in Independent Bank

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Assenagon Asset Management S.A. has reduced its stake in Independent Bank Corporation (NASDAQ:IBCP) by 24.7% in the fourth quarter, according to a recent SEC filing. The institutional investor now owns 155,418 shares, or about 0.75% of the financial services provider's stock, down from a previous holding of 206,440 shares.

Why it matters

This decrease in Assenagon's position in Independent Bank reflects broader shifts in institutional investor sentiment around the regional bank's stock. The filing provides insight into how major shareholders are adjusting their portfolios, which can signal changes in market outlook or confidence in the company's performance.

The details

According to the 13F filing, Assenagon Asset Management sold 51,022 shares of Independent Bank stock during the fourth quarter. The institutional investor now holds a position valued at around $5.06 million, down from a previous stake worth $6.72 million. Independent Bank's stock price has fluctuated in recent quarters, trading between $26.75 and $37.39 over the past 12 months.

• Assenagon reduced its Independent Bank holdings in the fourth quarter of 2025.
• Independent Bank's stock price has ranged from $26.75 to $37.39 over the past year.