Independent Bank Corp. $INDB Shares Purchased by UBS Group AG

Posted by Francis Steltz on May 17th, 2026

UBS Group AG boosted its stake in Independent Bank Corp. (NASDAQ:INDB – Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 135,514 shares of the bank’s stock after purchasing an additional 22,517 shares during the period. UBS Group AG owned about 0.27% of Independent Bank worth $9,903,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its stake in shares of Independent Bank by 167.2% in the fourth quarter. Salomon & Ludwin LLC now owns 358 shares of the bank’s stock worth $27,000 after acquiring an additional 224 shares in the last quarter. First Horizon Corp acquired a new position in shares of Independent Bank in the third quarter worth $31,000. Advisory Services Network LLC acquired a new position in shares of Independent Bank in the third quarter worth $32,000. Cullen Frost Bankers Inc. acquired a new position in shares of Independent Bank in the third quarter worth $37,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Independent Bank by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 550 shares of the bank’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Independent Bank Price Performance

Shares of INDB opened at $76.04 on Friday. Independent Bank Corp. has a 1-year low of $57.01 and a 1-year high of $87.00. The stock has a market cap of $3.68 billion, a PE ratio of 15.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day moving average price of $77.00 and a 200 day moving average price of $76.23.

Independent Bank (NASDAQ:INDB – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.02). Independent Bank had a net margin of 19.14% and a return on equity of 8.66%. The company had revenue of $252.72 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same period last year, the firm earned $1.06 earnings per share. As a group, sell-side analysts anticipate that Independent Bank Corp. will post 7.33 EPS for the current year.

Independent Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 30th were issued a $0.64 dividend. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Independent Bank’s previous quarterly dividend of $0.59. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.4%. Independent Bank’s dividend payout ratio is currently 50.79%.

Analyst Ratings Changes

Several research firms have commented on INDB. Weiss Ratings upgraded shares of Independent Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Hovde Group began coverage on shares of Independent Bank in a research note on Friday. They issued an “outperform” rating and a $95.00 price target for the company. Stephens began coverage on shares of Independent Bank in a research note on Wednesday, April 15th. They issued an “overweight” rating and a $88.00 price target for the company. Barclays boosted their price target on shares of Independent Bank from $80.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 7th. Finally, Piper Sandler began coverage on shares of Independent Bank in a research note on Monday, March 16th. They issued a “neutral” rating and a $84.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.71.

View Our Latest Report on Independent Bank

Independent Bank Company Profile

(Free Report)

Independent Bank Group, Inc (NASDAQ:INDB) is a bank holding company headquartered in McKinney, Texas, that provides a range of financial services through its wholly owned subsidiary, Independent Bank. Tracing its roots to the late 19th century, the company has grown from a single community bank into a regional financial institution serving individuals, small businesses and commercial clients. Independent Bank Group became a bank holding company in 1983 and expanded its footprint through organic growth and strategic acquisitions.

The company’s primary business activities encompass retail and commercial banking, including deposit products, consumer and business lending and credit services.