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: $78.16 to $79.46
• 50-Day Range: $73.58 to $82.04
• 52-Week Range: $57.01 to $87.00
• Volume: 257,948 shs
• Average Volume: 380,400 shs
• Market Capitalization: $3.82 billion
• P/E Ratio: 15.60
• Dividend Yield: 3.26%
• Price Target: $87.50
• Consensus Rating: Moderate Buy

Independent Bank Stock Analysis - MarketRank™

Independent Bank scored higher than 93% of companies evaluated by MarketBeat, and ranked 109th out of 879 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: 3.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Independent Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 1 strong buy rating, 3 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Independent Bank has a consensus price target of $87.50, representing about 11.3% upside from its current price of $78.63.

Amount of Analyst Coverage

Independent Bank has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.64%

Earnings Growth

Earnings for Independent Bank are expected to grow by 13.64% in the coming year, from $7.33 to $8.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independent Bank is 15.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.23.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank is 15.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.16.

Price to Book Value per Share Ratio

Independent Bank has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

3.88% of the float of Independent Bank has been sold short.

Short Interest Ratio / Days to Cover

Independent Bank has a short interest ratio ("days to cover") of 6.85.

Change versus previous month

Short interest in Independent Bank has recently decreased by 5.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Independent Bank pays a meaningful dividend of 3.29%, 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 50.79%. 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 30.73% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

Independent Bank has a news sentiment score of 1.08. 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 is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $170,372.00 in company stock.

Percentage Held by Insiders

1.60% 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 $73.08 at the beginning of the year. Since then, INDB shares have increased by 7.6% and is now trading at $78.63.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) released its earnings results on Thursday, April, 16th. The bank reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.70 by $0.02. The bank earned $252.72 million during the quarter, compared to analysts' expectations of $251.45 million. Independent Bank had a net margin of 19.14% and a trailing twelve-month return on equity of 8.66%.
Read the conference call transcript.

Who are Independent Bank's major shareholders?

Top institutional shareholders of Independent Bank include Deprince Race & Zollo Inc. (2.13%), Bank of New York Mellon Corp (1.01%), Leeward Investments LLC MA (0.55%) and Principal Financial Group Inc. (0.50%). Insiders that own company stock include Jeffrey J Tengel, Gerard F Nadeau, Thomas R Venables, Eileen C Miskell, Donna L Abelli, John J Morrissey 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

• Record date for 4/9 Dividend: 3/30/2026
• Ex-Dividend for 4/9 Dividend: 3/30/2026
• Dividend Payable: 4/09/2026
• Last Earnings: 4/16/2026
• Today: 5/06/2026
• Next Earnings (Estimated): 7/16/2026
• Fiscal Year End: 12/31/2026

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: 2,294
• Year Founded: 1864

Price Target and Rating

• Average Price Target for Independent Bank: $87.50
• High Price Target: $97.00
• Low Price Target: $80.00
• Potential Upside/Downside: +11.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.04
• Trailing P/E Ratio: 15.60
• Forward P/E Ratio: 10.73
• P/E Growth: N/A
• Net Income: $205.12 million
• Net Margins: 19.14%
• Pretax Margin: 24.60%
• Return on Equity: 8.66%
• Return on Assets: 1.26%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $1.17 billion
• Price / Sales: 3.26
• Cash Flow: $6.16 per share
• Price / Cash Flow: 12.77
• Book Value: $72.92 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 48,570,000
• Free Float: 47,795,000
• Market Cap: $3.82 billion
• Optionable: Optionable
• Beta: 0.78