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NASDAQ:IBTX

Independent Bank Group Stock Forecast, Price & News

$42.47
+0.54 (+1.29 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$41.44
Now: $42.47
$42.67
50-Day Range
$41.46
MA: $46.57
$48.88
52-Week Range
$20.35
Now: $42.47
$63.16
Volume174,545 shs
Average Volume647,668 shs
Market Capitalization$1.84 billion
P/E Ratio9.65
Dividend Yield2.38%
Beta1.98
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including 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 comprising SBA guaranteed loans, business term loans, equipment financing, and 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. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2018, the company operated 73 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
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Independent Bank Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.74 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:IBTX
CUSIPN/A
Phone972-562-9004

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$731.11 million
Cash Flow$4.24 per share
Book Value$54.47 per share

Profitability

Net Income$192.74 million

Miscellaneous

Employees1,469
Market Cap$1.84 billion
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$42.47
+0.54 (+1.29 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions

How has Independent Bank Group's stock price been impacted by Coronavirus?

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IBTX stock has increased by 31.2% and is now trading at $42.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Independent Bank Group?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Independent Bank Group
.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Independent Bank Group
.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group Inc (NASDAQ:IBTX) posted its quarterly earnings results on Tuesday, July, 28th. The bank reported $1.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.89 by $0.25. The bank earned $153.75 million during the quarter, compared to the consensus estimate of $141.77 million. Independent Bank Group had a net margin of 26.11% and a return on equity of 8.76%. During the same quarter last year, the business posted $1.22 earnings per share.
View Independent Bank Group's earnings history
.

How often does Independent Bank Group pay dividends? What is the dividend yield for Independent Bank Group?

Independent Bank Group declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.25 per share on Thursday, August 20th. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, August 7th.
View Independent Bank Group's dividend history
.

What price target have analysts set for IBTX?

5 Wall Street analysts have issued twelve-month target prices for Independent Bank Group's shares. Their forecasts range from $35.00 to $61.00. On average, they expect Independent Bank Group's share price to reach $43.80 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
View analysts' price targets for Independent Bank Group
.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,990,000 shares, a decline of 13.1% from the August 15th total of 2,290,000 shares. Based on an average trading volume of 541,500 shares, the short-interest ratio is currently 3.7 days. Approximately 5.6% of the company's shares are sold short.
View Independent Bank Group's Short Interest
.

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).

Who are Independent Bank Group's key executives?

Independent Bank Group's management team includes the following people:
  • Mr. David R. Brooks, Chairman, Pres & CEO (Age 60)
  • Mr. Daniel W. Brooks, Vice Chairman & Chief Risk Officer (Age 59)
  • Ms. Michelle S. Hickox, Exec. VP & CFO (Age 51)
  • Mr. James C. White, Exec. VP & COO (Age 54)
  • Mr. Brian E. Hobart, Vice Chairman & Chief Lending Officer (Age 53)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.81%), Macquarie Group Ltd. (2.16%), Bank of New York Mellon Corp (1.07%), Nuveen Asset Management LLC (0.99%), Stieven Capital Advisors L.P. (0.99%) and Principal Financial Group Inc. (0.76%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, James C White, John Webb Jennings III, Mark K Gormley, Michelle S Hickox, Paul W Taylor 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 Macquarie Group Ltd., Goldman Sachs Group Inc., Bank of America Corp DE, Trexquant Investment LP, Prudential Financial Inc., ClariVest Asset Management LLC, Hodges Capital Management Inc., and Doliver Advisors LP. Company insiders that have sold Independent Bank Group company stock in the last year include James C White, Mark K Gormley, and Michelle S Hickox.
View insider buying and selling activity for Independent Bank Group
.

Which major investors are buying Independent Bank Group stock?

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, FMR LLC, Bridgeway Capital Management Inc., Monarch Partners Asset Management LLC, and Peregrine Capital Management LLC. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, John Webb Jennings III, and William E Fair.
View insider buying and selling activity for Independent Bank Group
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $42.47.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $1.84 billion and generates $731.11 million in revenue each year. The bank earns $192.74 million in net income (profit) each year or $5.08 on an earnings per share basis. Independent Bank Group employs 1,469 workers across the globe.

What is Independent Bank Group's official website?

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

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 9/27/2020 by MarketBeat.com Staff

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