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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IBTX shares.
View IBTX analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1-year price objectives for Independent Bank Group's stock. Their IBTX share price forecasts range from $48.00 to $80.00. On average, they anticipate the company's stock price to reach $62.75 in the next year. This suggests a possible upside of 80.4% 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 beginning of the year. Since then, IBTX shares have decreased by 42.1% and is now trading at $34.79.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our IBTX earnings forecast.

Independent Bank Group, Inc. (NASDAQ:IBTX) posted its quarterly earnings results on Tuesday, April, 25th. The bank reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.10 by $0.03. The bank earned $213.93 million during the quarter, compared to the consensus estimate of $149.58 million. Independent Bank Group had a net margin of 14.09% and a trailing twelve-month return on equity of 8.53%. During the same period in the previous year, the company posted $1.22 EPS.

Independent Bank Group announced a quarterly dividend on Monday, April 24th. Stockholders of record on Thursday, May 4th will be given a dividend of $0.38 per share on Thursday, May 18th. This represents a $1.52 annualized dividend and a yield of 4.37%. The ex-dividend date is Wednesday, May 3rd.
Read our dividend analysis for IBTX.

ETFs with the largest weight of Independent Bank Group (NASDAQ:IBTX) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Low Volatility ETF (XSLV), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), SPDR S&P Regional Banking ETF (KRE), First Trust NASDAQ BuyWrite Income ETF (FTQI) and SPDR S&P Bank ETF (KBE).

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 4.39%. IBTX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 58.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 36.54% 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (13.93%), FMR LLC (6.41%), Dimensional Fund Advisors LP (6.39%), State Street Corp (4.09%), American Century Companies Inc. (2.25%) and Geode Capital Management LLC (1.73%). 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 $34.79.

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $1.44 billion and generates $706.48 million in revenue each year. The bank earns $196.29 million in net income (profit) each year or $2.60 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.