Independent Bank (INDB) Stock Price, News & Analysis

Company Overview

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. In addition, Independent Bank offers treasury management and payment solutions for corporate clients, as well as trust, wealth management and insurance services. Its diversified product suite is designed to meet the financial needs of a broad client base, from everyday banking customers to specialized corporate and institutional clients.

Independent Bank operates a network of branches and lending offices across the Dallas–Fort Worth metropolitan area, focusing on key markets in North Texas. The bank emphasizes a community-oriented approach, combining local decision-making with the resources of a larger institution. A board of directors and senior management team with deep regional expertise oversees the bank’s operations, guiding its commitment to personalized service and long-term client relationships.

Key Stats

• Today's Range: $64.68 to $67.85
• 50-Day Range: $63.15 to $72.84
• 52-Week Range: $52.15 to $77.23
• Volume: 191,147 shs
• Average Volume: 332,928 shs
• Market Capitalization: $3.23 billion
• P/E Ratio: 14.55
• Dividend Yield: 3.65%
• Price Target: $71.00
• Consensus Rating: Hold

Independent Bank Stock Analysis - MarketRank™

Independent Bank scored higher than 80% of companies evaluated by MarketBeat, and ranked 375th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Hold

Consensus Rating

Independent Bank has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Independent Bank is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Independent Bank has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 23.84%

Earnings Growth

Earnings for Independent Bank are expected to grow by 23.84% in the coming year, from $5.41 to $6.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independent Bank is 14.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 233.21.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank is 14.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 29.81.

Price to Book Value per Share Ratio

Independent Bank has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.49% of the outstanding shares of Independent Bank have been sold short.

Short Interest Ratio / Days to Cover

Independent Bank has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Independent Bank has recently decreased by 16.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Independent Bank pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Independent Bank has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of Independent Bank is 53.27%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Independent Bank will have a dividend payout ratio of 35.22% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.49% of the outstanding shares of Independent Bank have been sold short.

Short Interest Ratio / Days to Cover

Independent Bank has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Independent Bank has recently decreased by 16.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.77

News Sentiment

Independent Bank has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Independent Bank this week, compared to 6 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Independent Bank insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.81% of the stock of Independent Bank is held by insiders.

Percentage Held by Institutions

83.40% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

INDB Stock Analysis - Frequently Asked Questions

How have INDB shares performed this year?

Independent Bank's stock was trading at $64.19 at the beginning of the year. Since then, INDB shares have increased by 0.7% and is now trading at $64.6450.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) released its quarterly earnings results on Wednesday, February, 12th. The bank reported $1.01 earnings per share for the quarter. The bank had revenue of $175.25 million for the quarter. Independent Bank had a trailing twelve-month return on equity of 6.39% and a net margin of 18.93%.
Read the conference call transcript.

Who are Independent Bank's major shareholders?

Top institutional investors of Independent Bank include World Investment Advisors (0.10%), Yousif Capital Management LLC (0.03%), New England Research & Management Inc. (0.03%) and CWM LLC (0.03%). Insiders that own company stock include Christopher Oddleifson, Barry H Jensen, Jeffrey J Tengel, Eileen C Miskell, Donna L Abelli, John J Morrissey, Mark J Ruggiero, Scott Smith and Lee C Powlus.
View institutional ownership trends.

How do I buy shares of Independent Bank?

Shares of INDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Independent Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Independent Bank investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Tesla (TSLA) and First Solar (FSLR).

Company Calendar

• Last Earnings: 2/12/2025
• Record date for 10/7 Dividend: 9/29/2025
• Ex-Dividend for 10/7 Dividend: 9/29/2025
• Record date for 10/7 Dividend: 9/29/2025
• Dividend Payable: 10/07/2025
• Dividend Payable: 10/07/2025
• Today: 10/16/2025
• Next Earnings (Estimated): 10/16/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:INDB
• CIK: 776901
• Web: www.rocklandtrust.com
• Phone: (781) 878-6100
• Fax: 781-982-6130
• Employees: 1,837
• Year Founded: 1864

Price Target and Rating

• Average Price Target for Independent Bank: $71.00
• High Price Target: $78.00
• Low Price Target: $63.00
• Potential Upside/Downside: +7.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.43
• Trailing P/E Ratio: 14.98
• Forward P/E Ratio: 12.26
• P/E Growth: N/A
• Net Income: $192.08 million
• Net Margins: 18.93%
• Pretax Margin: 24.23%
• Return on Equity: 6.39%
• Return on Assets: 0.98%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $980.77 million
• Price / Sales: 3.37
• Cash Flow: $5.24 per share
• Price / Cash Flow: 12.66
• Book Value: $70.44 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 49,920,000
• Free Float: 49,512,000
• Market Cap: $3.31 billion
• Optionable: Optionable
• Beta: 0.85