S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands

Independent Bank Group (IBTX) Stock Price, News & Analysis

$43.73
+0.84 (+1.96%)
(As of 02/29/2024 ET)
Today's Range
$43.13
$44.35
50-Day Range
$42.89
$53.02
52-Week Range
$28.81
$58.87
Volume
223,298 shs
Average Volume
236,951 shs
Market Capitalization
$1.81 billion
P/E Ratio
42.05
Dividend Yield
3.48%
Price Target
$55.00

Independent Bank Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
25.8% Upside
$55.00 Price Target
Short Interest
Bearish
7.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.16mentions of Independent Bank Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.56%
From $2.93 to $4.47 Per Share

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.

3.86 out of 5 stars

Finance Sector

346th out of 864 stocks

State Commercial Banks Industry

81st out of 179 stocks


IBTX stock logo

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, equipment lease financing, 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 cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. Independent Bank Group, Inc. was incorporated in 2002 and is headquartered in McKinney, Texas.

IBTX Stock Price History

IBTX Stock News Headlines

Independent Bank Group: Holding The Line For Now
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
IBTX Feb 2024 45.000 call
Independent Bank Group, Inc. (IBTX)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Cracking The Code: Understanding Analyst Reviews For Independent Bank Gr
Independent Bank Group Inc IBTX
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 2/15 Dividend
1/31/2024
Dividend Payable
2/15/2024
Today
3/01/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:IBTX
Fax
N/A
Employees
1,517
Year Founded
1864

Price Target and Rating

Average Stock Price Target
$55.00
High Stock Price Target
$61.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+25.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$43.20 million
Pretax Margin
5.67%

Debt

Sales & Book Value

Annual Sales
$922.84 million
Cash Flow
$4.24 per share
Book Value
$58.21 per share

Miscellaneous

Free Float
39,872,000
Market Cap
$1.81 billion
Optionable
Optionable
Beta
1.37

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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 1 year price objectives for Independent Bank Group's shares. Their IBTX share price targets range from $44.00 to $61.00. On average, they predict the company's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 25.8% 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 at the beginning of 2024. Since then, IBTX shares have decreased by 14.1% and is now trading at $43.73.
View the best growth stocks for 2024 here
.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest in February. As of February 15th, there was short interest totaling 2,510,000 shares, an increase of 30.1% from the January 31st total of 1,930,000 shares. Based on an average daily trading volume, of 241,600 shares, the short-interest ratio is currently 10.4 days. Approximately 7.0% of the company's 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) announced its earnings results on Tuesday, January, 23rd. The bank reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by $0.04. The bank earned $116.92 million during the quarter, compared to analysts' expectations of $123.83 million. Independent Bank Group had a trailing twelve-month return on equity of 5.76% and a net margin of 4.68%. The business's revenue was down 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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 yield of 3.48%. The ex-dividend date 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 3.49%. 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 number of institutional and retail investors. Top institutional investors include 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%), Northern Trust Corp (1.01%) and Goldman Sachs Group Inc. (0.59%). 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, Mark S Haynie, 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 3/1/2024 by MarketBeat.com Staff