Research Analysts’ Recent Ratings Changes for Independent Bank (INDB)

A number of research firms have changed their ratings and price targets for Independent Bank (NASDAQ: INDB):

• 4/20/2026 – Independent Bank had its price target lowered by Keefe, Bruyette & Woods from $96.00 to $94.00. They now have an “outperform” rating on the stock.
• 4/17/2026 – Independent Bank had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $97.00 price target on the stock.
• 4/15/2026 – Independent Bank is now covered by Stephens. They set an “overweight” rating and a $88.00 price target on the stock.
• 4/15/2026 – Independent Bank is now covered by Stephens. They set an “overweight” rating and a $88.00 price target on the stock.
• 4/7/2026 – Independent Bank had its price target raised by Barclays PLC from $80.00 to $82.00. They now have an “underweight” rating on the stock.
• 3/27/2026 – Independent Bank was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 3/16/2026 – Independent Bank is now covered by Piper Sandler. They set a “neutral” rating and a $84.00 price target on the stock.
• 3/13/2026 – Independent Bank was upgraded by Piper Sandler to “hold”.

Independent Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 30th were issued a dividend of $0.64 per share. This is a positive change from Independent Bank’s previous quarterly dividend of $0.59. This represents a $2.56 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, March 30th. Independent Bank’s dividend payout ratio (DPR) is currently 50.79%.

Insider Buying and Selling at Independent Bank

In related news, Director Donna L. Abelli sold 524 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $85.00, for a total value of $44,540.00. Following the completion of the sale, the director directly owned 13,247 shares of the company’s stock, valued at approximately $1,125,995. This represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Morrissey sold 1,988 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $85.70, for a total value of $170,371.60. Following the completion of the sale, the director directly owned 12,747 shares of the company’s stock, valued at approximately $1,092,417.90. This represents a 13.49% 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.

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.