Top-Rated Dividend StocksTop-Rated DividendNASDAQ:IBTX Independent Bank Group (IBTX) Stock Price, News & Analysis → Central Bank Gold Heist In Progress (From Colonial Metals) (Ad) Free IBTX Stock Alerts $42.08 -0.16 (-0.38%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$41.91▼$42.9950-Day Range$42.08▼$53.0252-Week Range$28.81▼$53.25Volume286,949 shsAverage Volume243,976 shsMarket Capitalization$1.74 billionP/E Ratio40.46Dividend Yield3.61%Price Target$55.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Independent Bank Group alerts: Email Address Independent Bank Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside30.7% Upside$55.00 Price TargetShort InterestBearish7.50% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.02Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth52.56%From $2.93 to $4.47 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.96 out of 5 starsFinance Sector349th out of 882 stocksState Commercial Banks Industry79th out of 181 stocks 3.4 Analyst's Opinion Consensus RatingIndependent Bank Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $55.00, Independent Bank Group has a forecasted upside of 30.7% from its current price of $42.08.Amount of Analyst CoverageIndependent Bank Group has only been the subject of 3 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted7.50% of the float of Independent Bank Group has been sold short.Short Interest Ratio / Days to CoverIndependent Bank Group has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.Change versus previous monthShort interest in Independent Bank Group has recently increased by 6.77%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipIndependent Bank Group is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Independent Bank Group is 146.16%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Independent Bank Group will have a dividend payout ratio of 34.00% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBTX. Previous Next 2.8 News and Social Media Coverage News SentimentIndependent Bank Group has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Independent Bank Group this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Independent Bank Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Independent Bank Group is held by insiders.Percentage Held by Institutions74.74% of the stock of Independent Bank Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Independent Bank Group are expected to grow by 52.56% in the coming year, from $2.93 to $4.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank Group is 40.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank Group is 40.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.54.Price to Book Value per Share RatioIndependent Bank Group has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsCentral Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.That's why we have released our Free Precious Metals Investment Guide. About Independent Bank Group Stock (NASDAQ:IBTX)Independent Bank Group, Inc., through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans, such as SBA guaranteed loans, business term loans, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit and credit cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; wealth management services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. The company was incorporated in 2002 and is headquartered in McKinney, Texas.Read More IBTX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IBTX Stock News HeadlinesMarch 16, 2024 | americanbankingnews.comIndependent Bank Group, Inc. (NASDAQ:IBTX) Given Consensus Recommendation of "Moderate Buy" by BrokeragesFebruary 24, 2024 | seekingalpha.comIndependent Bank Group: Holding The Line For NowMarch 19, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.February 19, 2024 | 247wallst.com4 Dividend Stocks Committed to Paying Investors More MoneyFebruary 15, 2024 | finance.yahoo.comIBTX Feb 2024 45.000 callFebruary 15, 2024 | au.finance.yahoo.comIndependent Bank Group, Inc. (IBTX)January 26, 2024 | finance.yahoo.comIndependent Bank Group (NASDAQ:IBTX) Will Pay A Dividend Of $0.38January 25, 2024 | finance.yahoo.comIndependent Bank Group, Inc. (NASDAQ:IBTX) Q4 2023 Earnings Call TranscriptMarch 19, 2024 | The Bull Report (Ad)The AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.January 24, 2024 | markets.businessinsider.comCracking The Code: Understanding Analyst Reviews For Independent Bank GrJanuary 23, 2024 | seekingalpha.comIndependent Bank Group, Inc. 2023 Q4 - Results - Earnings Call PresentationJanuary 23, 2024 | finance.yahoo.comHere's What Key Metrics Tell Us About Independent Bank Group (IBTX) Q4 EarningsJanuary 22, 2024 | finance.yahoo.comIndependent Bank Group (IBTX) Q4 Earnings and Revenues Lag EstimatesJanuary 17, 2024 | finance.yahoo.comIndependent Bank Group (IBTX) Q4 Earnings Preview: What You Should Know Beyond the Headline EstimatesJanuary 16, 2024 | finance.yahoo.comShareholders in Independent Bank Group (NASDAQ:IBTX) are in the red if they invested three years agoJanuary 10, 2024 | finance.yahoo.comIndependent Bank Group, Inc. Announces Date for Q4 2023 Earnings CallJanuary 6, 2024 | benzinga.comIndependent Bank Gr Stock (NASDAQ:IBTX), Analyst Ratings, Price Targets, PredictionsJanuary 5, 2024 | msn.comRaymond James Upgrades Independent Bank Group (IBTX)December 18, 2023 | nasdaq.comIndependent Bank Group (IBTX) Price Target Increased by 5.95% to 45.39November 22, 2023 | morningstar.comIndependent Bank Group Inc IBTXNovember 18, 2023 | seekingalpha.comSpecial Situations Report: Deep Dive Into Banking Sector Dynamics Uncovers Independent BankOctober 27, 2023 | finance.yahoo.comDon't Race Out To Buy Independent Bank Group, Inc. (NASDAQ:IBTX) Just Because It's Going Ex-DividendOctober 26, 2023 | msn.comStephens & Co. Maintains Independent Bank Group (IBTX) Overweight RecommendationOctober 25, 2023 | msn.comIndependent Bank Group Likely Stuck Until There's More Clarity And Confidence Around CreditOctober 24, 2023 | seekingalpha.comIndependent Bank Group, Inc. 2023 Q3 - Results - Earnings Call PresentationOctober 24, 2023 | finance.yahoo.comIndependent Bank Group Inc (IBTX) Reports Q3 Earnings and Declares Quarterly DividendOctober 23, 2023 | finance.yahoo.comIndependent Bank Group (IBTX) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesSee More Headlines Receive IBTX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/23/2024Ex-Dividend for 2/15 Dividend1/31/2024Dividend Payable2/15/2024Today3/18/2024Next Earnings (Estimated)4/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:IBTX CUSIPN/A CIK1564618 Webwww.independent-bank.com Phone(972) 562-9004FaxN/AEmployees1,517Year Founded1864Price Target and Rating Average Stock Price Target$55.00 High Stock Price Target$61.00 Low Stock Price Target$44.00 Potential Upside/Downside+30.7%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.04 Trailing P/E Ratio40.46 Forward P/E Ratio14.36 P/E GrowthN/ANet Income$43.20 million Net Margins4.68% Pretax Margin5.67% Return on Equity5.76% Return on Assets0.72% Debt Debt-to-Equity Ratio0.28 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$922.84 million Price / Sales1.88 Cash Flow$4.18 per share Price / Cash Flow10.07 Book Value$58.20 per share Price / Book0.72Miscellaneous Outstanding Shares41,280,000Free Float39,872,000Market Cap$1.74 billion OptionableOptionable Beta1.33 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. David R. Brooks (Age 65)Chairman of the Board & CEO Comp: $2.3MMr. Michael B. Hobbs (Age 61)President & COO Comp: $1.16MMr. Paul B. Langdale (Age 37)Executive VP & CFO Comp: $1.04MMr. John G. Turpen (Age 55)Executive VP & Chief Risk Officer Comp: $883.63kBrenda K. MontgomeryChief Accounting OfficerMr. Bill WadeEVP & Chief Information OfficerPeggy SmolenSenior Vice President of Marketing & CommunicationsMr. James P. Tippit (Age 52)Executive Vice President of Corporate Responsibility Comp: $968.72kMs. Leslie BesedaSenior VP & Director of Financial ReportingMr. Charles CartwrightSenior Vice President SBA Business Development OfficerMore ExecutivesKey CompetitorsMerchants BancorpNASDAQ:MBINLive Oak BancsharesNASDAQ:LOBTriumph FinancialNASDAQ:TFINTowneBankNASDAQ:TOWNLakeland FinancialNASDAQ:LKFNView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 22,245 shares on 3/11/2024Ownership: 10.127%Goldman Sachs Group Inc.Bought 1,903 shares on 3/1/2024Ownership: 0.592%GSA Capital Partners LLPSold 15,612 shares on 2/16/2024Ownership: 0.053%Price T Rowe Associates Inc. MDBought 956 shares on 2/16/2024Ownership: 0.050%Trail Ridge Investment Advisors LLCBought 4,604 shares on 2/16/2024Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions IBTX Stock Analysis - Frequently Asked Questions Should I buy or sell Independent Bank Group stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IBTX shares. View IBTX analyst ratings or view top-rated stocks. What is Independent Bank Group's stock price target for 2024? 5 Wall Street research analysts have issued 12-month price targets for Independent Bank Group's stock. Their IBTX share price targets range from $44.00 to $61.00. On average, they expect the company's share price to reach $55.00 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price. View analysts price targets for IBTX or view top-rated stocks among Wall Street analysts. How have IBTX shares performed in 2024? Independent Bank Group's stock was trading at $50.88 on January 1st, 2024. Since then, IBTX shares have decreased by 17.3% and is now trading at $42.08. View the best growth stocks for 2024 here. Are investors shorting Independent Bank Group? Independent Bank Group saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 2,680,000 shares, an increase of 6.8% from the February 14th total of 2,510,000 shares. Based on an average trading volume of 247,500 shares, the days-to-cover ratio is currently 10.8 days. Approximately 7.5% of the shares of the stock are sold short. View Independent Bank Group's Short Interest. When is Independent Bank Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. View our IBTX earnings forecast. How were Independent Bank Group's earnings last quarter? Independent Bank Group, Inc. (NASDAQ:IBTX) issued its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.04. The bank had revenue of $116.92 million for the quarter, compared to analyst estimates of $123.83 million. Independent Bank Group had a net margin of 4.68% and a trailing twelve-month return on equity of 5.76%. The company's revenue was down 23.6% compared to the same quarter last year. During the same period last year, the company posted $1.20 EPS. How often does Independent Bank Group pay dividends? What is the dividend yield for Independent Bank Group? Independent Bank Group announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.38 per share on Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, January 31st. Read our dividend analysis for IBTX. Is Independent Bank Group a good dividend stock? Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.57%. The dividend payout ratio is 146.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IBTX will have a dividend payout ratio of 34.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for IBTX. What ETFs hold Independent Bank Group's stock? ETFs with the largest weight of Independent Bank Group (NASDAQ:IBTX) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).Inspire Small/Mid Cap ETF (ISMD). What is David R. Brooks' approval rating as Independent Bank Group's CEO? 13 employees have rated Independent Bank Group Chief Executive Officer David R. Brooks on Glassdoor.com. David R. Brooks has an approval rating of 86% among the company's employees. What other stocks do shareholders of Independent Bank Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Dominion Energy (D), Gilead Sciences (GILD), Huntington Bancshares (HBAN), ONEOK (OKE), QUALCOMM (QCOM) and Verizon Communications (VZ). Who are Independent Bank Group's major shareholders? Independent Bank Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.13%), Vanguard Group Inc. (10.13%), Dimensional Fund Advisors LP (5.12%), The Manufacturers Life Insurance Company (1.87%), Charles Schwab Investment Management Inc. (1.04%) and Northern Trust Corp (1.01%). Insiders that own company stock include Brenda K Montgomery, Daniel W Brooks, David R Brooks, David R Brooks, G Stacy Smith, James C White, James C White, James P Tippit, John Webb Jennings III, Michael B Hobbs, Michelle S Hickox, Paul B Langdale and William E Fair. View institutional ownership trends. How do I buy shares of Independent Bank Group? Shares of IBTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:IBTX) was last updated on 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressAltcoin FRENZY Alert…Crypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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