Rafferty Asset Management Boosts Stake in Independent Bank Corp.

The institutional investor increased its holdings in the bank's stock by 27.6% in the third quarter.

Published on Mar. 4, 2026

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Rafferty Asset Management LLC, an institutional investor, boosted its holdings in Independent Bank Corp. (NASDAQ:INDB) by 27.6% in the third quarter. The firm now owns 61,946 shares of the bank's stock, valued at $4.29 million.

Why it matters

This increase in Rafferty's stake in Independent Bank Corp. suggests the institutional investor sees growth potential in the regional financial institution. As a bank holding company serving individuals, small businesses, and commercial clients, Independent Bank's performance is closely watched by investors.

The details

According to a recent filing with the Securities and Exchange Commission, Rafferty Asset Management increased its holdings in Independent Bank by purchasing an additional 13,385 shares during the third quarter. This brought the firm's total ownership in the bank to 61,946 shares, or 0.12% of the company's outstanding stock.

  • Rafferty Asset Management increased its stake in Independent Bank in the third quarter of 2026.

The players

Rafferty Asset Management LLC

An institutional investor that manages assets for clients.

Independent Bank Corp.

A bank holding company headquartered in McKinney, Texas that provides a range of financial services through its subsidiary, Independent Bank.

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The takeaway

Rafferty Asset Management's increased stake in Independent Bank Corp. suggests the institutional investor sees growth potential in the regional financial institution, which serves individuals, small businesses, and commercial clients in Texas.