Independent Bank sell-off creates opportunity, says Sterne Agee Sterne Agee believes that Independent Bank's acquisition of Houston Community Bank was more favorable for Independent than it had previously expected. The firm is slightly more confident that Independent's organic growth and profits may surpass market expectations. The firm keeps a $56 price target and Buy rating on Independent.
Independent Bank announces $30M share repurchase program Independent Bank Group, the holding company for Independent Bank, announced that the board has authorized the repurchase of up to $30M of its common stock. The repurchase program is authorized to continue through December 31.