Independent Bank Corp. (NASDAQ:INDB) Receives Average Rating of “Moderate Buy” from Analysts

Posted by Brian Himes on Jul 30th, 2026

Independent Bank Corp. (NASDAQ:INDB – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $91.8571.

Several research firms have weighed in on INDB. Raymond James Financial reiterated a “strong-buy” rating and issued a $97.00 target price on shares of Independent Bank in a report on Friday, April 17th. Weiss Ratings raised shares of Independent Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Stephens started coverage on Independent Bank in a report on Wednesday, April 15th. They issued an “overweight” rating and a $88.00 price objective on the stock. Independent Research set a $95.00 price objective on Independent Bank in a research report on Friday, May 15th. Finally, Hovde Group began coverage on Independent Bank in a research report on Friday, May 15th. They issued an “outperform” rating and a $95.00 price objective for the company.

View Our Latest Report on Independent Bank

Insider Activity

In related news, Director Joseph C. Lerner sold 2,832 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $77.31, for a total transaction of $218,941.92. Following the completion of the sale, the director directly owned 16,215 shares of the company’s stock, valued at approximately $1,253,581.65. This trade represents a 14.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Independent Bank by 10.6% during the first quarter. Royal Bank of Canada now owns 12,451 shares of the bank’s stock valued at $779,000 after acquiring an additional 1,189 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Independent Bank by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,274 shares of the bank’s stock worth $1,583,000 after purchasing an additional 1,112 shares during the period. Goldman Sachs Group Inc. increased its holdings in Independent Bank by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 599,898 shares of the bank’s stock valued at $37,584,000 after purchasing an additional 11,714 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Independent Bank by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,719 shares of the bank’s stock valued at $6,623,000 after purchasing an additional 8,435 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Independent Bank by 1,222.7% in the first quarter. Jane Street Group LLC now owns 74,057 shares of the bank’s stock valued at $4,640,000 after purchasing an additional 68,458 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Independent Bank Trading Up 0.2%

Shares of INDB stock traded up $0.13 on Thursday, hitting $85.05. 34,178 shares of the stock traded hands, compared to its average volume of 356,392. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 0.93. Independent Bank has a twelve month low of $61.55 and a twelve month high of $87.50. The firm’s 50-day moving average price is $82.44 and its two-hundred day moving average price is $79.90. The stock has a market capitalization of $4.11 billion, a PE ratio of 15.36 and a beta of 0.77.

Independent Bank (NASDAQ:INDB – Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Independent Bank had a return on equity of 9.19% and a net margin of 20.31%.The firm had revenue of $253.32 million for the quarter, compared to analyst estimates of $257.50 million. As a group, analysts anticipate that Independent Bank will post 7.11 EPS for the current year.

Independent Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, June 29th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, June 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.0%. Independent Bank’s dividend payout ratio is currently 46.21%.

Independent Bank Company Profile

(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.