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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 2 hold ratings and 3 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.

5 Wall Street analysts have issued 12 month target prices for Independent Bank Group's shares. Their IBTX share price forecasts range from $41.00 to $70.00. On average, they anticipate the company's stock price to reach $50.40 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for IBTX or view top-rated stocks among Wall Street analysts.

Independent Bank Group's stock was trading at $60.08 at the start of the year. Since then, IBTX stock has decreased by 33.5% and is now trading at $39.98.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our IBTX earnings forecast.

Independent Bank Group, Inc. (NASDAQ:IBTX) posted its earnings results on Tuesday, July, 25th. The bank reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by $0.08. The bank earned $127.70 million during the quarter, compared to analyst estimates of $139.17 million. Independent Bank Group had a net margin of 10.68% and a trailing twelve-month return on equity of 7.71%. The company's revenue for the quarter was down 22.4% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share.

Independent Bank Group declared a quarterly dividend on Monday, July 24th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.38 per share on Thursday, August 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Wednesday, August 2nd.
Read our dividend analysis for IBTX.

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).

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.77%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 70.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 45.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

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.

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).

Independent Bank Group trades on the NASDAQ under the ticker symbol "IBTX."

Independent Bank Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.94%), Dimensional Fund Advisors LP (5.54%), State Street Corp (4.85%), Geode Capital Management LLC (1.79%), The Manufacturers Life Insurance Company (1.77%) and Alliancebernstein L.P. (1.27%). Insiders that own company stock include Alicia Kuhn Harrison, Brenda K Montgomery, Daniel W Brooks, David R 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.
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Shares of IBTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBTX stock can currently be purchased for approximately $39.98.

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $1.65 billion and generates $706.48 million in revenue each year. The bank earns $196.29 million in net income (profit) each year or $2.15 on an earnings per share basis.

The company employs 1,547 workers across the globe.

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The official website for the company is www.independent-bank.com. The bank can be reached via phone at (972) 562-9004 or via email at plangdale@ibtx.com.