Executive Chairman at Independent Bank Corporation (MI) (NASDAQ:IBCP), Jr M Michael Magee, has recently sold 9,113 shares of common stock, at a weighted average Price of $12.86 per share. After the reported transaction, Mr. Magee owns 62,546 shares directly, and another 3,194 shares by ESOP. Mr. Magee has sold over the course of this year a total of 36,023 shares, in addition to the reported 9,113 shares, at prices ranging from $ 12.87 to $ 12.90 per share. Insider purchases haven’t been register over the course of 2014. Last reported acquisition was made by Executive Vp N Robert Shuster , who bought in Q3 2013 3,225 shares of common stock, at a price of $7.75 per share.
This $295.04 million Market Cap bank holding company has recently received new investments by Ejf Capital, Emanuel J. Friedman’s hedge fund. The fund holds now more than 1 million shares, worth above $13 million, which represents 0.79% of its Equity Portfolio.