NASDAQ:IBTX

Independent Bank Group Stock Forecast, Price & News

$70.46
+1.12 (+1.62 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$68.61
$71.09
50-Day Range
$67.17
$79.81
52-Week Range
$41.09
$80.71
Volume160,790 shs
Average Volume192,887 shs
Market Capitalization$3.04 billion
P/E Ratio12.86
Dividend Yield1.84%
Beta1.94
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank Group logo

About Independent Bank Group

Independent Bank Group, Inc. is a bank holding company, which engages in the provision of a relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. It offers checking, savings, commercial loans, business services and cash management solutions. The company was founded by David R. Brooks in 1988 and is headquartered in McKinney, TX.

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Sales & Book Value

Profitability

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.10 out of 5 stars

Finance Sector

591st out of 1,320 stocks

State Commercial Banks Industry

134th out of 230 stocks

Analyst Opinion: 1.4Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions

Is Independent Bank Group a buy right now?

4 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independent Bank Group stock.
View analyst ratings for Independent Bank Group
or view top-rated stocks.

What stocks does MarketBeat like better than Independent Bank Group?

Wall Street analysts have given Independent Bank Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independent Bank Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Independent Bank Group
.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) announced its quarterly earnings data on Sunday, July, 25th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.31 by $0.04. The bank had revenue of $145.22 million for the quarter, compared to analysts' expectations of $149.30 million. Independent Bank Group had a trailing twelve-month return on equity of 9.41% and a net margin of 34.94%.
View Independent Bank Group's earnings history
.

How has Independent Bank Group's stock been impacted by COVID-19 (Coronavirus)?

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IBTX stock has increased by 117.6% and is now trading at $70.46.
View which stocks have been most impacted by COVID-19
.

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 Monday, July 26th. Stockholders of record on Thursday, August 5th will be paid a dividend of $0.34 per share on Thursday, August 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 4th. This is an increase from Independent Bank Group's previous quarterly dividend of $0.32.
View Independent Bank Group's dividend history
.

Is Independent Bank Group a good dividend stock?

Independent Bank Group pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.84%. Independent Bank Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Independent Bank Group is 26.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank Group will have a dividend payout ratio of 25.65% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.
View Independent Bank Group's dividend history.

What price target have analysts set for IBTX?

4 brokerages have issued 1 year price targets for Independent Bank Group's stock. Their forecasts range from $48.50 to $87.00. On average, they expect Independent Bank Group's stock price to reach $74.17 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for Independent Bank Group
or view top-rated stocks among Wall Street analysts.

Who are Independent Bank Group's key executives?

Independent Bank Group's management team includes the following people:
  • David R. Brooks, Chairman, President & Chief Executive Officer
  • James C. White, Chief Operating Officer & Executive Vice President
  • Michelle S. Hickox, Chief Financial Officer & Executive Vice President
  • Mark S. Haynie, Executive Vice President & General Counsel
  • Michael B. Hobbs, Chief Lending Officer & Executive Vice President

What is David R. Brooks' approval rating as Independent Bank Group's CEO?

13 employees have rated Independent Bank Group CEO David R. Brooks on Glassdoor.com. David R. Brooks has an approval rating of 86% among Independent Bank Group's employees.

Who are some of Independent Bank Group's key competitors?

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).

What is Independent Bank Group's stock symbol?

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

Who are Independent Bank Group's major shareholders?

Independent Bank Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (1.42%), Chartwell Investment Partners LLC (0.64%), New York State Common Retirement Fund (0.11%), State of Alaska Department of Revenue (0.06%), Victory Capital Management Inc. (0.02%) and Arizona State Retirement System (0.02%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Daniel W Brooks, David R Brooks, G Stacy Smith, James C White, James P Tippit, John Webb Jennings III, Mark K Gormley, Mark S Haynie, Michael B Hobbs, Michelle S Hickox and William E Fair.
View institutional ownership trends for Independent Bank Group
.

Which major investors are selling Independent Bank Group stock?

IBTX stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Chartwell Investment Partners LLC, Victory Capital Management Inc., Arizona State Retirement System, and USA Financial Portformulas Corp. Company insiders that have sold Independent Bank Group company stock in the last year include Daniel W Brooks, David R Brooks, G Stacy Smith, James P Tippit, Mark S Haynie, Michael B Hobbs, and Michelle S Hickox.
View insider buying and selling activity for Independent Bank Group
or view top insider-selling stocks.

Which major investors are buying Independent Bank Group stock?

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Corsicana & Co., State of Alaska Department of Revenue, and New York State Common Retirement Fund. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, G Stacy Smith, John Webb Jennings III, and William E Fair.
View insider buying and selling activity for Independent Bank Group
or or view top insider-buying stocks.

How do I buy shares of Independent Bank Group?

Shares of IBTX 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.
Compare Top Brokerages Here.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $70.46.

How much money does Independent Bank Group make?

Independent Bank Group has a market capitalization of $3.04 billion and generates $696.57 million in revenue each year. The bank earns $201.21 million in net income (profit) each year or $4.87 on an earnings per share basis.

How many employees does Independent Bank Group have?

Independent Bank Group employs 1,513 workers across the globe.

What is Independent Bank Group's official website?

The official website for Independent Bank Group is www.independent-bank.com.

Where are Independent Bank Group's headquarters?

Independent Bank Group is headquartered at 7777 HENNEMAN WAY, MCKINNEY TX, 75070.

How can I contact Independent Bank Group?

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The bank can be reached via phone at (972) 562-9004.


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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