Investment Firm Builds New $70.7 Million Position in Bank Stock, According to Recent SEC Filing
Key takeaways
- According to a SEC filing dated May 13, 2026, Channing Capital Management, LLC initiated a new stake in Independent Bank, purchasing 939,667 shares.
- This new position accounts for 1.8098% of Channing Capital’s 13F assets under management as of March 31, 2026
- NASDAQ:LFUS: $99.92 million (2.6% of AUM)
Jake Lerch, The Motley Fool Fri, May 15, 2026 at 9:47 PM GMT+7 4 min read INDB TKR LFUS MSA VVV On May 13, 2026, Channing Capital Management, LLC disclosed a new position in Independent Bank (NASDAQ:INDB), acquiring 939,667 shares in an estimated $73.65 million trade based on the quarterly average price.
According to a SEC filing dated May 13, 2026, Channing Capital Management, LLC initiated a new stake in Independent Bank, purchasing 939,667 shares. The estimated transaction value was $73.65 million, based on the average first-quarter 2026 closing price. At the end of the quarter, the position was valued at $70.67 million, reflecting both the purchase and subsequent price movement.
This new position accounts for 1.8098% of Channing Capital’s 13F assets under management as of March 31, 2026