83,191 Shares in Independent Bank Corp. $INDB Acquired by Hsbc Holdings PLC

Posted by Geri Gentry on Aug 29th, 2026

Hsbc Holdings PLC bought a new position in shares of Independent Bank Corp. (NASDAQ:INDB – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 83,191 shares of the bank’s stock, valued at approximately $6,958,000.

A number of other institutional investors have also recently bought and sold shares of INDB. 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 worth $779,000 after acquiring an additional 1,189 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Independent Bank by 4.6% in 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. boosted its stake in Independent Bank by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 599,898 shares of the bank’s stock worth $37,584,000 after purchasing an additional 11,714 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Independent Bank by 8.7% during 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 worth $6,623,000 after purchasing an additional 8,435 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Independent Bank by 1,222.7% during the 1st quarter. Jane Street Group LLC now owns 74,057 shares of the bank’s stock worth $4,640,000 after purchasing an additional 68,458 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Independent Bank Trading Down 0.4%

Shares of NASDAQ:INDB opened at $82.06 on Friday. The company’s 50-day moving average price is $84.33 and its two-hundred day moving average price is $80.67. Independent Bank Corp. has a one year low of $63.33 and a one year high of $87.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $3.89 billion, a PE ratio of 14.81 and a beta of 0.78.

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

Independent Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Monday, June 29th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.56 annualized dividend and a yield of 3.1%. Independent Bank’s dividend payout ratio is 46.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INDB shares. Piper Sandler boosted their price target on Independent Bank from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods decreased their price objective on Independent Bank from $99.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Independent Bank in a research report on Wednesday, August 5th. Hovde Group began coverage on Independent Bank in a research note on Friday, May 15th. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, Independent Research set a $95.00 price target on Independent Bank in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.86.

View Our Latest Report on Independent Bank

Insider Buying and Selling

In other Independent Bank news, Director Thomas R. Venables sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $83.00, for a total value of $311,250.00. Following the completion of the transaction, the director directly owned 17,649 shares in the company, valued at $1,464,867. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerard F. Nadeau sold 5,307 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $84.69, for a total value of $449,449.83. Following the transaction, the director directly owned 16,907 shares in the company, valued at $1,431,853.83. This trade represents a 23.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is owned by company insiders.

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.