Independent Bank (NASDAQ:INDB) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Independent Bank Corp. (NASDAQ:INDB). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Independent Bank stock on May 29th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.
• Sold $15,001 – $50,000 in shares of Workday (NASDAQ:WDAY) on 5/29/2026.

Independent Bank Stock Performance

Independent Bank stock traded up $0.69 during midday trading on Wednesday, hitting $81.30. 276,746 shares of the company were exchanged, compared to its average volume of 333,802. The firm has a market capitalization of $3.93 billion, a PE ratio of 16.13 and a beta of 0.77. Independent Bank Corp. has a fifty-two week low of $57.01 and a fifty-two week high of $87.00. The business has a fifty day simple moving average of $78.19 and a two-hundred day simple moving average of $77.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 0.94.

Independent Bank (NASDAQ:INDB) last posted its earnings results on Thursday, April 16th. The bank reported $1.68 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.02). The company had revenue of $252.72 million for the quarter, compared to analyst estimates of $251.45 million. Independent Bank had a return on equity of 8.66% and a net margin of 19.14%.During the same period last year, the business earned $1.06 earnings per share. On average, sell-side analysts forecast that Independent Bank Corp. will post 7.33 earnings per share for the current year.

Independent Bank Increases Dividend

The business also recently announced 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 3.1%. This is a positive change from Independent Bank’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 30th. Independent Bank’s dividend payout ratio is 50.79%.

Hedge Funds Weigh In On Independent Bank

Several hedge funds and other institutional investors have recently made changes to their positions in INDB. Salomon & Ludwin LLC lifted its position in shares of Independent Bank by 167.2% in the fourth quarter. Salomon & Ludwin LLC now owns 358 shares of the bank’s stock valued at $27,000 after acquiring an additional 224 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Independent Bank in the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Independent Bank by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 550 shares of the bank’s stock valued at $35,000 after acquiring an additional 385 shares in the last quarter. Danske Bank A S purchased a new position in shares of Independent Bank in the third quarter valued at approximately $42,000. Finally, First Horizon Corp lifted its position in shares of Independent Bank by 47.8% in the fourth quarter. First Horizon Corp now owns 659 shares of the bank’s stock valued at $48,000 after acquiring an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

INDB has been the topic of several analyst reports. Stephens began coverage on Independent Bank in a report on Wednesday, April 15th. They set an “overweight” rating and a $88.00 target price on the stock. Piper Sandler began coverage on Independent Bank in a research report on Monday, March 16th. They set a “neutral” rating and a $84.00 price target on the stock. Raymond James Financial reiterated a “strong-buy” rating and set a $97.00 price target on shares of Independent Bank in a research report on Friday, April 17th. Hovde Group began coverage on Independent Bank in a research report on Friday, May 15th. They set an “outperform” rating and a $95.00 price target on the stock. Finally, Barclays increased their price target on Independent Bank from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Independent Bank presently has an average rating of “Moderate Buy” and a consensus target price of $90.71.

Insider Buying and Selling at Independent Bank

In other news, Director Joseph C. Lerner sold 2,832 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $77.31, for a total value of $218,941.92. Following the transaction, the director owned 16,215 shares in the company, valued at $1,253,581.65. This trade represents a 14.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Independent Bank

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.