Insider Selling: Independent Bank (NASDAQ:INDB) Director Sells $218,941.92 in Stock

Posted by George Bondi on Jun 4th, 2026

Independent Bank Corp. (NASDAQ:INDB – Get Free Report) Director Joseph Lerner sold 2,832 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $77.31, for a total value of $218,941.92. Following the completion of the transaction, the director owned 16,215 shares of the company’s stock, valued at $1,253,581.65. The trade was a 14.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Independent Bank Price Performance

INDB opened at $76.74 on Thursday. The stock has a 50-day moving average price of $77.80 and a 200-day moving average price of $77.18. Independent Bank Corp. has a 12-month low of $57.01 and a 12-month high of $87.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.71 billion, a P/E ratio of 15.23 and a beta of 0.77.

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

Independent Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 30th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, March 30th. This is an increase from Independent Bank’s previous quarterly dividend of $0.59. Independent Bank’s dividend payout ratio (DPR) is currently 50.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on Independent Bank from $80.00 to $82.00 and gave the stock an “underweight” rating in a report on Tuesday, April 7th. Hovde Group assumed coverage on Independent Bank in a report on Friday, May 15th. They issued an “outperform” rating and a $95.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on Independent Bank from $96.00 to $94.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Independent Research set a $95.00 price objective on Independent Bank in a report on Friday, May 15th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $97.00 target price on shares of Independent Bank in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Get Our Latest Research Report on Independent Bank

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cibc World Market Inc. bought a new position in Independent Bank during the 3rd quarter valued at approximately $6,506,000. HighTower Advisors LLC raised its position in Independent Bank by 242.9% during the 3rd quarter. HighTower Advisors LLC now owns 23,406 shares of the bank’s stock valued at $1,619,000 after purchasing an additional 16,581 shares during the last quarter. Spinnaker Trust bought a new position in Independent Bank during the 3rd quarter valued at approximately $1,856,000. Rockland Trust Co. raised its position in Independent Bank by 84.1% during the 4th quarter. Rockland Trust Co. now owns 1,261,622 shares of the bank’s stock valued at $92,199,000 after purchasing an additional 576,183 shares during the last quarter. Finally, White Pine Capital LLC bought a new position in Independent Bank during the 3rd quarter valued at approximately $1,792,000. Institutional investors own 83.40% of the company’s stock.

About Independent Bank

(Get 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.