MQS Management LLC Purchases Shares of 6,253 Independent Bank Corp. $INDB

Posted by Brian Himes on Jul 2nd, 2026

MQS Management LLC acquired a new stake in Independent Bank Corp. (NASDAQ:INDB – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor acquired 6,253 shares of the bank’s stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in shares of Independent Bank by 167.2% during the 4th quarter. Salomon & Ludwin LLC now owns 358 shares of the bank’s stock valued at $27,000 after acquiring an additional 224 shares in the last quarter. Advisory Services Network LLC bought a new position in Independent Bank during the third quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in Independent Bank by 233.3% during the second quarter. EverSource Wealth Advisors LLC now owns 550 shares of the bank’s stock worth $35,000 after purchasing an additional 385 shares during the period. Danske Bank A S acquired a new stake in Independent Bank during the third quarter valued at approximately $42,000. Finally, First Horizon Corp lifted its position in shares of Independent Bank by 47.8% during the 4th quarter. First Horizon Corp now owns 659 shares of the bank’s stock worth $48,000 after buying an additional 213 shares during the period. 83.40% of the stock is owned by institutional investors.

Independent Bank Trading Up 1.5%

Shares of INDB opened at $85.00 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 16.87 and a beta of 0.77. The stock has a fifty day moving average price of $79.67 and a two-hundred day moving average price of $78.62. Independent Bank Corp. has a 52-week low of $61.55 and a 52-week high of $87.00.

Independent Bank (NASDAQ:INDB – Get Free Report) last released its quarterly earnings results 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). The business had revenue of $252.72 million during the quarter, compared to the consensus estimate of $251.45 million. Independent Bank had a net margin of 19.14% and a return on equity of 8.66%. During the same period in the prior year, the firm earned $1.06 earnings per share. Analysts predict that Independent Bank Corp. will post 7.29 EPS for the current fiscal year.

Independent Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Monday, June 29th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.0%. Independent Bank’s payout ratio is currently 50.79%.

Insider Buying and Selling at Independent Bank

In other news, Director Joseph C. Lerner sold 2,832 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $77.31, for a total transaction of $218,941.92. Following the transaction, the director directly owned 16,215 shares in the company, valued at approximately $1,253,581.65. This represents a 14.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INDB shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $97.00 price target on shares of Independent Bank in a research report on Friday, April 17th. Barclays lifted their price objective on Independent Bank from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, April 7th. Independent Research set a $95.00 target price on shares of Independent Bank in a research note on Friday, May 15th. Keefe, Bruyette & Woods lowered their target price on shares of Independent Bank from $96.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Finally, Hovde Group assumed coverage on shares of Independent Bank in a research report on Friday, May 15th. They set an “outperform” rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.57.

Check Out Our Latest Stock 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.