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

Independent Bank (NASDAQ: INDB) has recently received a number of price target changes and ratings updates:

• 5/15/2026 – Independent Bank was given a new $95.00 price target by Independent Research GmbH.
• 5/15/2026 – Independent Bank is now covered by Hovde Group. They set an “outperform” rating and a $95.00 price target on the stock.
• 5/15/2026 – Independent Bank is now covered by Hovde Group. They set an “outperform” rating and a $95.00 price target on the stock.
• 5/8/2026 – Independent Bank was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 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-)”.

Independent Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Monday, March 30th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, March 30th. This is an increase from Independent Bank’s previous quarterly dividend of $0.59. Independent Bank’s payout ratio is 50.79%.

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.