<div id="readability-page-1"><p>Independent Bank Corp. (NASDAQ:INDB - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $75.55 and traded as high as $79.32. Independent Bank shares last traded at $78.77, with a volume of 320,245 shares.</p><div><p><span></span><span>Get <strong>Independent Bank</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>3 Volatile Mid-Caps to Trade This Earnings Season</li></ul><p>INDB has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Independent Bank in a report on Monday, March 16th. They set a &#34;neutral&#34; rating and a $84.00 target price on the stock. Weiss Ratings raised Independent Bank from a &#34;hold (c+)&#34; rating to a &#34;buy (b-)&#34; rating in a report on Friday, March 27th. Stephens initiated coverage on Independent Bank in a report on Wednesday, April 15th. They set an &#34;overweight&#34; rating and a $88.00 target price for the company. Keefe, Bruyette &amp; Woods reduced their target price on Independent Bank from $96.00 to $94.00 and set an &#34;outperform&#34; rating for the company in a report on Monday, April 20th. Finally, Raymond James Financial  reaffirmed a &#34;strong-buy&#34; rating and set a $97.00 target price on shares of Independent Bank in a report on Friday, April 17th. One analyst  has rated the stock with a Strong Buy rating, three have assigned  a Buy rating, two have issued  a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $87.50.</p><p><b>Get Our Latest Analysis on Independent Bank</b></p><h2>Independent Bank Stock Up 0.9%</h2><p>The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.63 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $77.76 and a two-hundred day moving average of $75.55. </p><p>Independent Bank (NASDAQ:INDB - Get Free Report) last posted its quarterly 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). Independent Bank had a net margin of 19.14% and a return on equity of 8.66%. The business had revenue of $252.72 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the previous year, the firm posted $1.06 earnings per share.  As a group, sell-side analysts anticipate that  Independent Bank Corp. will post 7.33 earnings per share for the current year. </p><h2>Independent Bank Increases Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, March 30th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.2%. 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 currently 50.79%. </p><h2>Insider Activity</h2><p>In other Independent Bank news, Director John J. Morrissey sold 1,988 shares of the company's 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 transaction, the director directly owned 12,747 shares of the company's stock, valued at $1,092,417.90. This represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna L. Abelli sold 524 shares of the company's 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 transaction, the director directly owned 13,247 shares in the company, valued at approximately $1,125,995. The trade was a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own  1.60% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in  Independent Bank by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 12,731 shares of the bank's stock worth $930,000 after purchasing an additional 134 shares during the last quarter.  Xponance LLC increased its position in  Independent Bank by 3.6% in the 4th quarter. Xponance LLC now owns 3,981 shares of the bank's stock worth $291,000 after purchasing an additional 140 shares during the last quarter.  EverSource Wealth Advisors LLC increased its position in  Independent Bank by 26.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 705 shares of the bank's stock worth $52,000 after purchasing an additional 146 shares during the last quarter.  Vanguard Personalized Indexing Management LLC increased its holdings in shares of  Independent Bank by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,303 shares of the bank's stock valued at $607,000 after acquiring an additional 161 shares during the last quarter.  Finally, Profund Advisors LLC increased its holdings in shares of  Independent Bank by 5.0% during the 3rd quarter. Profund Advisors LLC now owns 3,732 shares of the bank's stock valued at $258,000 after acquiring an additional 177 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds. </p><h2>Independent Bank Company Profile</h2> (Get Free Report)<p>Independent Bank Group, Inc <span>NASDAQ: INDB<span></span></span> 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.  </p><p>The company's primary business activities encompass retail and commercial banking, including deposit products, consumer and business lending and credit services.</p><h2>See Also</h2><ul><li>Five stocks we like better than Independent Bank</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Independent Bank Right Now?</h2><p>Before you consider Independent Bank, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Independent Bank wasn't on the list.</p><p>While Independent Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

INDB

<p>Independent Bank Corp. (NASDAQ:INDB) shares have crossed above their 200-day moving average, trading at $78.77. Analysts have mixed ratings, with a target price range from $84.00 to $97.00. The bank reported a quarterly EPS of $1.68, slightly missing estimates, and announced a dividend increase to $0.64 per share. Insider selling activity was noted, with directors reducing their holdings. The stock has a market cap of $3.83 billion and a P/E ratio of 15.63, with expectations of $7.33 EPS for the year.</p>

Market Beat

Independent Bank (NASDAQ:INDB) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?