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Independent Bank (INDB) Competitors

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$81.64 +1.40 (+1.74%)
As of 01:20 PM Eastern
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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?

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

Cathay General Bancorp has a beta of 0.85, indicating that its stock price is 15% less volatile than the broader market. Comparatively, Independent Bank has a beta of 0.76, indicating that its stock price is 24% less volatile than the broader market.

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

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
Cathay General Bancorp24.66% 11.71% 1.43%
Independent Bank 20.31%9.19%1.31%

Cathay General Bancorp has higher revenue and 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
Cathay General Bancorp$1.38B2.97$315.12M$5.1212.04
Independent Bank$1.17B3.30$205.12M$5.5414.74

In the previous week, Cathay General Bancorp had 2 more articles in the media than Independent Bank. MarketBeat recorded 7 mentions for Cathay General Bancorp and 5 mentions for Independent Bank. Cathay General Bancorp's average media sentiment score of 0.98 beat Independent Bank's score of 0.68 indicating that Cathay General Bancorp is being referred to more favorably in the media.

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

Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.5%. Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.1%. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Independent Bank pays out 46.2% 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. Independent Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Cathay General Bancorp currently has a consensus price target of $62.25, suggesting a potential upside of 0.97%. Independent Bank has a consensus price target of $91.86, suggesting a potential upside of 12.51%. Given Independent Bank's stronger consensus rating and higher probable upside, analysts clearly believe Independent Bank is more favorable than Cathay General Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cathay General Bancorp
1 Sell rating(s)
5 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Independent Bank
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71

Summary

Cathay General Bancorp and Independent Bank tied by winning 10 of the 20 factors compared between the two stocks.

How does Independent Bank compare to First Merchants?

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

First Merchants has higher earnings, but lower revenue 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
First Merchants$1.05B2.45$226M$3.1213.14
Independent Bank$1.17B3.30$205.12M$5.5414.74

First Merchants presently has a consensus price target of $49.00, suggesting a potential upside of 19.55%. Independent Bank has a consensus price target of $91.86, suggesting a potential upside of 12.51%. Given First Merchants' higher possible upside, research analysts clearly believe First Merchants is more favorable than Independent Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Independent Bank
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71

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
First Merchants17.05% 8.86% 1.12%
Independent Bank 20.31%9.19%1.31%

73.9% of First Merchants shares are held by institutional investors. Comparatively, 83.4% of Independent Bank shares are held by institutional investors. 1.8% of First Merchants shares are held by insiders. Comparatively, 1.6% of Independent Bank 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.

In the previous week, First Merchants had 2 more articles in the media than Independent Bank. MarketBeat recorded 7 mentions for First Merchants and 5 mentions for Independent Bank. Independent Bank's average media sentiment score of 0.68 beat First Merchants' score of 0.63 indicating that Independent Bank is being referred to more favorably in the news media.

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

First Merchants has a beta of 0.84, suggesting that its share price is 16% less volatile than the broader market. Comparatively, Independent Bank has a beta of 0.76, suggesting that its share price is 24% less volatile than the broader market.

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.6%. Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.1%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Independent Bank pays out 46.2% 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. First Merchants has raised its dividend for 13 consecutive years and Independent Bank has raised its dividend for 15 consecutive years.

Summary

Independent Bank beats First Merchants on 14 of the 20 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 investment? We will compare the two businesses based on the strength of their institutional ownership, media sentiment, dividends, valuation, risk, profitability, earnings and analyst recommendations.

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.1%. Hope Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 4.0%. 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 has a beta of 0.76, meaning that its share price is 24% less volatile than the broader market. Comparatively, Hope Bancorp has a beta of 0.83, meaning that its share price is 17% 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 insiders. Comparatively, 2.3% of Hope Bancorp shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company 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%

Independent Bank presently has a consensus price target of $91.86, suggesting a potential upside of 12.51%. Hope Bancorp has a consensus price target of $15.50, suggesting a potential upside of 11.71%. Given Independent Bank's stronger consensus rating and higher probable upside, equities 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)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71
Hope Bancorp
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Hope Bancorp had 1 more articles in the media than Independent Bank. MarketBeat recorded 6 mentions for Hope Bancorp and 5 mentions for Independent Bank. Hope Bancorp's average media sentiment score of 1.11 beat Independent Bank's score of 0.68 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)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hope Bancorp
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$1.17B3.30$205.12M$5.5414.74
Hope Bancorp$967.63M1.83$61.59M$1.0013.88

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?

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

81.2% of Hancock Whitney shares are owned by institutional investors. Comparatively, 83.4% of Independent Bank shares are owned by institutional investors. 0.9% of Hancock Whitney shares are owned by insiders. Comparatively, 1.6% of Independent Bank shares are owned 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.

Hancock Whitney has a beta of 0.94, indicating that its stock price is 6% less volatile than the broader market. Comparatively, Independent Bank has a beta of 0.76, indicating that its stock price is 24% less volatile than the broader market.

Hancock Whitney currently has a consensus price target of $84.22, suggesting a potential upside of 13.86%. Independent Bank has a consensus price target of $91.86, suggesting a potential upside of 12.51%. Given Hancock Whitney's stronger consensus rating and higher possible upside, equities analysts clearly believe Hancock Whitney is more favorable than Independent Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hancock Whitney
0 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.82
Independent Bank
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71

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
Hancock Whitney21.81% 11.36% 1.41%
Independent Bank 20.31%9.19%1.31%

In the previous week, Hancock Whitney and Hancock Whitney both had 5 articles in the media. Independent Bank's average media sentiment score of 0.68 beat Hancock Whitney's score of 0.62 indicating that Independent Bank is being referred to more favorably in the news media.

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

Hancock Whitney pays an annual dividend of $2.00 per share and has a dividend yield of 2.7%. Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.1%. Hancock Whitney pays out 39.2% of its earnings in the form of a dividend. Independent Bank pays out 46.2% 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. Hancock Whitney has increased its dividend for 3 consecutive years and 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.

Hancock Whitney has higher revenue and earnings than Independent Bank. Hancock Whitney 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
Hancock Whitney$2.02B2.94$486.07M$5.1014.50
Independent Bank$1.17B3.30$205.12M$5.5414.74

Summary

Hancock Whitney beats Independent Bank on 10 of the 18 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 business? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, analyst recommendations, risk, dividends and profitability.

83.4% of Independent Bank shares are owned by institutional investors. Comparatively, 83.7% of Old National Bancorp shares are owned by institutional investors. 1.6% of Independent Bank shares are owned by company insiders. Comparatively, 0.7% of Old National Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Independent Bank currently has a consensus price target of $91.86, suggesting a potential upside of 12.51%. Old National Bancorp has a consensus price target of $30.15, suggesting a potential upside of 18.55%. Given Old National Bancorp's stronger consensus rating and higher possible upside, analysts plainly 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)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71
Old National Bancorp
0 Sell rating(s)
3 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.86

Independent Bank pays an annual dividend of $2.56 per share and has a dividend yield of 3.1%. Old National Bancorp pays an annual dividend of $0.58 per share and has a dividend yield of 2.3%. 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 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.

In the previous week, Old National Bancorp had 7 more articles in the media than Independent Bank. MarketBeat recorded 12 mentions for Old National Bancorp and 5 mentions for Independent Bank. Independent Bank's average media sentiment score of 0.68 beat Old National Bancorp's score of 0.30 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)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Old National Bancorp
2 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral

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 has a beta of 0.76, meaning that its stock price is 24% less volatile than the broader market. Comparatively, Old National Bancorp has a beta of 0.83, meaning that its stock price is 17% less volatile than the broader market.

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$1.17B3.30$205.12M$5.5414.74
Old National Bancorp$3.74B2.60$669.26M$2.2511.30

Summary

Old National Bancorp beats Independent Bank on 12 of the 19 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$3.87B$23.40B$13.64B$13.16B
Dividend Yield3.19%3.09%5.95%12.57%
P/E Ratio14.7326.9224.9425.84
Price / Sales3.309.35503.74110.94
Price / Cash13.1615.4446.1252.76
Price / Book1.141.362.716.33
Net Income$205.12M$2.58B$1.32B$359.77M
7 Day Performance-0.73%-0.52%-0.47%-0.03%
1 Month Performance-1.86%-0.40%-1.88%-3.96%
1 Year Performance15.95%22.39%9.37%6.32%

Independent Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
INDB
Independent Bank
4.3262 of 5 stars
$81.64
+1.7%
$91.86
+12.5%
+13.9%$3.87B$1.17B14.732,294
CATY
Cathay General Bancorp
3.5362 of 5 stars
$62.42
+0.7%
$62.25
-0.3%
+25.9%$4.14B$1.38B12.191,268
FRME
First Merchants
4.6264 of 5 stars
$41.51
+1.0%
$49.00
+18.0%
+2.4%$2.58B$1.05B13.302,086
HOPE
Hope Bancorp
4.6155 of 5 stars
$14.05
+0.8%
$15.50
+10.3%
+25.6%$1.78B$967.63M14.051,434
HWC
Hancock Whitney
4.2236 of 5 stars
$75.72
+0.6%
$83.78
+10.6%
+16.5%$6.04B$1.46B14.853,627

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This page (NASDAQ:INDB) was last updated on 9/25/2026 by MarketBeat.com Staff.
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