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

Posted by Brenda Bartman on May 16th, 2026

Shares of Independent Bank Corp. (NASDAQ:INDB – Get Free Report) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $90.7143.

Several analysts have commented on the company. Stephens started coverage on Independent Bank in a report on Wednesday, April 15th. They issued an “overweight” rating and a $88.00 price target for the company. Barclays increased their price objective on shares of Independent Bank from $80.00 to $82.00 and gave the stock an “underweight” rating in a report on Tuesday, April 7th. Hovde Group began coverage on shares of Independent Bank in a report on Friday. They issued an “outperform” rating and a $95.00 target price for the company. 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Independent Bank from $96.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th.

Check Out Our Latest Stock Analysis on INDB

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INDB. Cibc World Market Inc. acquired a new position in shares of Independent Bank in the 3rd quarter valued at about $6,506,000. HighTower Advisors LLC increased 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 worth $1,619,000 after purchasing an additional 16,581 shares in the last quarter. Spinnaker Trust purchased a new position in Independent Bank in the third quarter valued at approximately $1,856,000. Rockland Trust Co. raised its holdings in Independent Bank by 84.1% in the fourth quarter. Rockland Trust Co. now owns 1,261,622 shares of the bank’s stock valued at $92,199,000 after buying an additional 576,183 shares during the period. Finally, White Pine Capital LLC acquired a new position in Independent Bank during the third quarter valued at approximately $1,792,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Independent Bank Trading Down 1.1%

Shares of Independent Bank stock opened at $76.04 on Friday. Independent Bank has a fifty-two week low of $57.01 and a fifty-two week high of $87.00. The business’s fifty day moving average is $77.00 and its two-hundred day moving average is $76.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.67 billion, a PE ratio of 15.09 and a beta of 0.78.

Independent Bank (NASDAQ:INDB – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.68 EPS 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 business had revenue of $252.72 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same period in the prior year, the firm earned $1.06 EPS. Analysts anticipate that Independent Bank will post 7.33 earnings per share for the current 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 dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, March 30th. This is a positive change from Independent Bank’s previous quarterly dividend of $0.59. Independent Bank’s payout ratio is currently 50.79%.

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.