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

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

Key PointsAcquired 939,667 shares in Independent Bank; estimated trade value $73.65 million (based on quarterly average pricing)Quarter-end position value increased by $70.67 million, reflecting both trading and stock price movementTransaction equivalent to 1.89% of Channing Capital's 13F AUMPost-trade, Channing Capital holds 939,667 shares valued at $70.67 millionThis new position represents 1.81% of the fund’s reportable assets, placing it out…