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Independent Bank (INDB) Competitors

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$77.12 +1.08 (+1.42%)
As of 03:03 PM Eastern
This is a fair market value price provided by Massive. Learn more.

INDB vs. CATY, FRME, HOPE, HWC, and ONB

Should you buy Independent Bank stock or one of its competitors? Independent Bank's main competitors and comparable companies include Cathay General Bancorp (CATY), First Merchants (FRME), Hope Bancorp (HOPE), Hancock Whitney (HWC), and Old National Bancorp (ONB). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Independent Bank compare to Cathay General Bancorp?

Independent Bank (NASDAQ:INDB) and Cathay General Bancorp (NASDAQ:CATY) are both mid-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, media sentiment, earnings, profitability, valuation, dividends and risk.

Independent Bank presently has a consensus target price of $91.86, indicating a potential upside of 20.80%. Cathay General Bancorp has a consensus target price of $62.25, indicating a potential upside of 5.42%. Given Independent Bank's stronger consensus rating and higher possible upside, equities analysts clearly believe Independent Bank is more favorable than Cathay General Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.00
Cathay General Bancorp
1 Sell rating(s)
5 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Independent Bank has a beta of 0.78, suggesting that its share price is 22% less volatile than the broader market. Comparatively, Cathay General Bancorp has a beta of 0.89, suggesting that its share price is 11% less volatile than the broader market.

Cathay General Bancorp has a net margin of 24.66% compared to Independent Bank's net margin of 20.31%. Cathay General Bancorp's return on equity of 11.71% beat Independent Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank20.31% 9.19% 1.31%
Cathay General Bancorp 24.66%11.71%1.43%

Cathay General Bancorp has lower revenue, but higher earnings than Independent Bank. Cathay General Bancorp is trading at a lower price-to-earnings ratio than Independent Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$1.17B3.08$205.12M$5.5413.73
Cathay General Bancorp$870.57M4.53$315.12M$5.1211.53

In the previous week, Cathay General Bancorp had 2 more articles in the media than Independent Bank. MarketBeat recorded 6 mentions for Cathay General Bancorp and 4 mentions for Independent Bank. Independent Bank's average media sentiment score of 0.80 beat Cathay General Bancorp's score of 0.66 indicating that Independent Bank is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
2 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cathay General Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

83.4% of Independent Bank shares are held by institutional investors. Comparatively, 75.0% of Cathay General Bancorp shares are held by institutional investors. 1.6% of Independent Bank shares are held by company insiders. Comparatively, 4.5% of Cathay General Bancorp shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.4%. Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.6%. Independent Bank pays out 46.2% of its earnings in the form of a dividend. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has raised its dividend for 15 consecutive years. Independent Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Independent Bank beats Cathay General Bancorp on 11 of the 20 factors compared between the two stocks.

How does Independent Bank compare to First Merchants?

Independent Bank (NASDAQ:INDB) and First Merchants (NASDAQ:FRME) are both mid-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, risk, analyst recommendations, media sentiment, profitability, valuation and dividends.

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.4%. First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.8%. Independent Bank pays out 46.2% of its earnings in the form of a dividend. First Merchants pays out 47.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has increased its dividend for 15 consecutive years and First Merchants has increased its dividend for 13 consecutive years.

Independent Bank currently has a consensus target price of $91.86, indicating a potential upside of 20.80%. First Merchants has a consensus target price of $46.00, indicating a potential upside of 18.62%. Given Independent Bank's stronger consensus rating and higher probable upside, equities analysts plainly believe Independent Bank is more favorable than First Merchants.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.00
First Merchants
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

First Merchants has lower revenue, but higher earnings than Independent Bank. First Merchants is trading at a lower price-to-earnings ratio than Independent Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$1.17B3.08$205.12M$5.5413.73
First Merchants$1.05B2.32$226M$3.1212.43

Independent Bank has a net margin of 20.31% compared to First Merchants' net margin of 17.05%. Independent Bank's return on equity of 9.19% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank20.31% 9.19% 1.31%
First Merchants 17.05%8.86%1.12%

Independent Bank has a beta of 0.78, indicating that its stock price is 22% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.87, indicating that its stock price is 13% less volatile than the broader market.

83.4% of Independent Bank shares are owned by institutional investors. Comparatively, 73.9% of First Merchants shares are owned by institutional investors. 1.6% of Independent Bank shares are owned by insiders. Comparatively, 1.8% of First Merchants shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

In the previous week, Independent Bank and Independent Bank both had 4 articles in the media. Independent Bank's average media sentiment score of 0.80 beat First Merchants' score of 0.78 indicating that Independent Bank is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
2 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Independent Bank beats First Merchants on 15 of the 19 factors compared between the two stocks.

How does Independent Bank compare to Hope Bancorp?

Independent Bank (NASDAQ:INDB) and Hope Bancorp (NASDAQ:HOPE) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, analyst recommendations, valuation, profitability, dividends and risk.

Independent Bank has higher revenue and earnings than Hope Bancorp. Hope Bancorp is trading at a lower price-to-earnings ratio than Independent Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$1.17B3.08$205.12M$5.5413.73
Hope Bancorp$967.63M1.74$61.59M$1.0013.20

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.4%. Hope Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 4.2%. Independent Bank pays out 46.2% of its earnings in the form of a dividend. Hope Bancorp pays out 56.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has increased its dividend for 15 consecutive years.

Independent Bank currently has a consensus target price of $91.86, indicating a potential upside of 20.80%. Hope Bancorp has a consensus target price of $15.50, indicating a potential upside of 17.42%. Given Independent Bank's stronger consensus rating and higher probable upside, research analysts plainly believe Independent Bank is more favorable than Hope Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.00
Hope Bancorp
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

Independent Bank has a beta of 0.78, suggesting that its stock price is 22% less volatile than the broader market. Comparatively, Hope Bancorp has a beta of 0.87, suggesting that its stock price is 13% less volatile than the broader market.

83.4% of Independent Bank shares are owned by institutional investors. Comparatively, 84.0% of Hope Bancorp shares are owned by institutional investors. 1.6% of Independent Bank shares are owned by company insiders. Comparatively, 2.3% of Hope Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Independent Bank has a net margin of 20.31% compared to Hope Bancorp's net margin of 12.53%. Independent Bank's return on equity of 9.19% beat Hope Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank20.31% 9.19% 1.31%
Hope Bancorp 12.53%5.71%0.70%

In the previous week, Independent Bank had 1 more articles in the media than Hope Bancorp. MarketBeat recorded 4 mentions for Independent Bank and 3 mentions for Hope Bancorp. Hope Bancorp's average media sentiment score of 1.16 beat Independent Bank's score of 0.80 indicating that Hope Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
2 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hope Bancorp
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Independent Bank beats Hope Bancorp on 14 of the 20 factors compared between the two stocks.

How does Independent Bank compare to Hancock Whitney?

Independent Bank (NASDAQ:INDB) and Hancock Whitney (NASDAQ:HWC) are both mid-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, institutional ownership, media sentiment, risk, valuation, earnings and dividends.

Hancock Whitney has a net margin of 21.81% compared to Independent Bank's net margin of 20.31%. Hancock Whitney's return on equity of 11.36% beat Independent Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank20.31% 9.19% 1.31%
Hancock Whitney 21.81%11.36%1.41%

In the previous week, Hancock Whitney had 2 more articles in the media than Independent Bank. MarketBeat recorded 6 mentions for Hancock Whitney and 4 mentions for Independent Bank. Independent Bank's average media sentiment score of 0.80 beat Hancock Whitney's score of 0.48 indicating that Independent Bank is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
2 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hancock Whitney
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.4%. Hancock Whitney pays an annual dividend of $2.00 per share and has a dividend yield of 2.8%. Independent Bank pays out 46.2% of its earnings in the form of a dividend. Hancock Whitney pays out 39.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has raised its dividend for 15 consecutive years and Hancock Whitney has raised its dividend for 3 consecutive years. Independent Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Independent Bank currently has a consensus price target of $91.86, indicating a potential upside of 20.80%. Hancock Whitney has a consensus price target of $84.56, indicating a potential upside of 17.65%. Given Independent Bank's stronger consensus rating and higher possible upside, research analysts plainly believe Independent Bank is more favorable than Hancock Whitney.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.00
Hancock Whitney
0 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.82

Hancock Whitney has higher revenue and earnings than Independent Bank. Independent Bank is trading at a lower price-to-earnings ratio than Hancock Whitney, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$1.17B3.08$205.12M$5.5413.73
Hancock Whitney$2.02B2.85$486.07M$5.1014.09

83.4% of Independent Bank shares are owned by institutional investors. Comparatively, 81.2% of Hancock Whitney shares are owned by institutional investors. 1.6% of Independent Bank shares are owned by company insiders. Comparatively, 0.9% of Hancock Whitney shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Independent Bank has a beta of 0.78, suggesting that its stock price is 22% less volatile than the broader market. Comparatively, Hancock Whitney has a beta of 0.97, suggesting that its stock price is 3% less volatile than the broader market.

Summary

Independent Bank and Hancock Whitney tied by winning 10 of the 20 factors compared between the two stocks.

How does Independent Bank compare to Old National Bancorp?

Independent Bank (NASDAQ:INDB) and Old National Bancorp (NASDAQ:ONB) are both mid-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, dividends, risk, profitability, analyst recommendations, media sentiment, earnings and institutional ownership.

Independent Bank has a beta of 0.78, suggesting that its stock price is 22% less volatile than the broader market. Comparatively, Old National Bancorp has a beta of 0.86, suggesting that its stock price is 14% less volatile than the broader market.

83.4% of Independent Bank shares are held by institutional investors. Comparatively, 83.7% of Old National Bancorp shares are held by institutional investors. 1.6% of Independent Bank shares are held by insiders. Comparatively, 0.7% of Old National Bancorp shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Old National Bancorp has a net margin of 21.60% compared to Independent Bank's net margin of 20.31%. Old National Bancorp's return on equity of 11.80% beat Independent Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Independent Bank20.31% 9.19% 1.31%
Old National Bancorp 21.60%11.80%1.34%

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.4%. Old National Bancorp pays an annual dividend of $0.58 per share and has a dividend yield of 2.4%. Independent Bank pays out 46.2% of its earnings in the form of a dividend. Old National Bancorp pays out 25.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Independent Bank has increased its dividend for 15 consecutive years. Independent Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Independent Bank presently has a consensus target price of $91.86, suggesting a potential upside of 20.80%. Old National Bancorp has a consensus target price of $29.79, suggesting a potential upside of 21.52%. Given Old National Bancorp's higher possible upside, analysts clearly believe Old National Bancorp is more favorable than Independent Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Independent Bank
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.00
Old National Bancorp
0 Sell rating(s)
2 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.86

In the previous week, Old National Bancorp had 1 more articles in the media than Independent Bank. MarketBeat recorded 5 mentions for Old National Bancorp and 4 mentions for Independent Bank. Independent Bank's average media sentiment score of 0.80 beat Old National Bancorp's score of 0.72 indicating that Independent Bank is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Independent Bank
2 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Old National Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Old National Bancorp has higher revenue and earnings than Independent Bank. Old National Bancorp is trading at a lower price-to-earnings ratio than Independent Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Independent Bank$1.17B3.08$205.12M$5.5413.73
Old National Bancorp$3.74B2.51$669.26M$2.2510.89

Summary

Old National Bancorp beats Independent Bank on 11 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding INDB and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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INDB vs. The Competition

MetricIndependent BankBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$3.66B$22.72B$13.54B$12.91B
Dividend Yield3.34%3.15%6.09%19.59%
P/E Ratio13.9525.4924.8025.26
Price / Sales3.139.22479.9175.17
Price / Cash12.5814.6743.3652.75
Price / Book1.071.322.706.00
Net Income$205.12M$2.60B$1.32B$380.56M
7 Day Performance0.19%-0.22%-0.33%-3.34%
1 Month Performance-7.62%-3.25%-2.36%-5.89%
1 Year Performance13.76%20.66%9.18%-5.56%

Independent Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
INDB
Independent Bank
4.6806 of 5 stars
$77.12
+1.4%
$91.86
+19.1%
+8.9%$3.66B$1.17B13.942,294
CATY
Cathay General Bancorp
3.1073 of 5 stars
$60.48
-0.6%
$62.25
+2.9%
+19.7%$4.06B$870.57M11.811,268
FRME
First Merchants
4.7904 of 5 stars
$39.77
-0.9%
$46.00
+15.7%
+2.9%$2.52B$1.05B12.752,086
HOPE
Hope Bancorp
4.7033 of 5 stars
$13.57
-0.8%
$15.50
+14.2%
+19.3%$1.75B$967.63M13.571,434
HWC
Hancock Whitney
4.0422 of 5 stars
$73.18
+0.1%
$84.56
+15.5%
+14.9%$5.86B$2.02B14.353,627

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This page (NASDAQ:INDB) was last updated on 10/15/2026 by MarketBeat.com Staff.
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