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

Posted by Geri Gentry on Aug 31st, 2026

Independent Bank Corp. (NASDAQ:INDB – Get Free Report) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.8571.

INDB has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Independent Bank from $99.00 to $96.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Hovde Group initiated coverage on Independent Bank in a research note on Friday, May 15th. They set an “outperform” rating and a $95.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Independent Bank in a report on Wednesday, August 5th. Piper Sandler lifted their target price on shares of Independent Bank from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Independent Research set a $95.00 price target on shares of Independent Bank in a report on Friday, May 15th.

View Our Latest Stock Report on Independent Bank

Insider Transactions at Independent Bank

In other Independent Bank news, Director Thomas R. Venables sold 3,750 shares of the 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 sale, the director owned 17,649 shares in the company, valued at approximately $1,464,867. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerard F. Nadeau sold 5,307 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Independent Bank during the 2nd quarter valued at about $1,206,000. California State Teachers Retirement System raised its stake in Independent Bank by 8,030.5% in the second quarter. California State Teachers Retirement System now owns 4,602,926 shares of the bank’s stock worth $385,357,000 after buying an additional 4,546,313 shares in the last quarter. HB Wealth Management LLC bought a new position in Independent Bank in the second quarter worth about $223,000. William John Sempolinski purchased a new stake in Independent Bank in the second quarter worth about $1,230,000. Finally, Nykredit A S bought a new stake in Independent Bank during the 2nd quarter valued at approximately $140,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Independent Bank Price Performance

Shares of Independent Bank stock opened at $82.06 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. Independent Bank has a 52-week low of $63.33 and a 52-week high of $87.50. The company has a fifty day moving average of $84.33 and a 200-day moving average of $80.64. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 14.81 and a beta of 0.78.

Independent Bank (NASDAQ:INDB – Get Free Report) last issued its earnings results on Thursday, July 16th. The bank reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $253.32 million during the quarter, compared to analysts’ expectations of $257.50 million. Independent Bank had a return on equity of 9.19% and a net margin of 20.31%. Equities research analysts expect that Independent Bank will post 7.11 EPS for the current year.

Independent Bank Dividend Announcement

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

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.