NASDAQ:IBTX

Independent Bank Group Stock Forecast, Price & News

$67.33

+1.73 (+2.64 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$65.00

Now: $67.33▼

$67.59

50-Day Range

$58.32

MA: $63.35▼

$68.77

52-Week Range

$20.35

Now: $67.33▼

$70.19

Volume225,572 shs

Average Volume221,541 shs

Market Capitalization$2.91 billion

P/E Ratio15.00

Dividend Yield1.83%

Beta1.85

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 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 comprising 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. 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, 2019, the company operated 93 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

MarketRank^™

Overall MarketRank^™

1.73 out of 5 stars

Finance Sector

464th out of 1,934 stocks

State Commercial Banks Industry

104th out of 309 stocks

1.3 Analyst's Opinion

Consensus Rating
Independent Bank Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.42, Independent Bank Group has a forecasted downside of 25.1% from its current price of $67.33.
Amount of Analyst Coverage
Independent Bank Group has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Independent Bank Group has received 267 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Independent Bank Group has received 418 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Independent Bank Group has received 61.02% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Independent Bank Group and other stocks. Vote “Outperform” if you believe IBTX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IBTX will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Independent Bank Group pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Independent Bank Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Independent Bank Group is 23.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Independent Bank Group will have a dividend payout ratio of 25.05% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Independent Bank Group insiders have sold 5,062.14% more of their company's stock than they have bought. Specifically, they have bought $197,256.00 in company stock and sold $10,182,639.00 in company stock.
Percentage Held by Insiders
Only 4.00% of the stock of Independent Bank Group is held by insiders.
Percentage Held by Institutions
67.76% of the stock of Independent Bank Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Independent Bank Group are expected to decrease by -1.64% in the coming year, from $4.87 to $4.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Independent Bank Group is 15.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Independent Bank Group is 15.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.02.
Price to Book Value per Share Ratio
Independent Bank Group has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:IBTX

Previous Symbol

CUSIPN/A

CIK1564618

Webwww.independent-bank.com

Phone972-562-9004

Employees1,469

Debt

Debt-to-Equity Ratio0.30

Current Ratio1.04

Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio15.00

Forward P/E Ratio13.83

P/E GrowthN/A

Sales & Book Value

Annual Sales$731.11 million

Price / Sales3.98

Cash Flow$4.69 per share

Price / Cash Flow14.37

Book Value$54.47 per share

Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$5.08

Net Income$192.74 million

Net Margins27.32%

Return on Equity8.68%

Return on Assets1.29%

Miscellaneous

Outstanding Shares43,248,000

Market Cap$2.91 billion

Next Earnings Date2/1/2021 (Confirmed)

OptionableOptionable

$67.33

+1.73 (+2.64 %)

(As of 01/22/2021 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 COVID-19?

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IBTX shares have increased by 107.9% and is now trading at $67.33.
View which stocks have been most impacted by COVID-19.

Is Independent Bank Group a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last twelve months. There are currently 2 hold ratings and 4 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 MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Independent Bank Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Independent Bank Group.

How can I listen to Independent Bank Group's earnings call?

Independent Bank Group will be holding an earnings conference call on Monday, February 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) released its quarterly earnings results on Saturday, October, 31st. The bank reported $1.38 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.33. The bank had revenue of $157.17 million for the quarter, compared to analysts' expectations of $148.18 million. Independent Bank Group had a net margin of 27.32% and a trailing twelve-month return on equity of 8.68%. During the same period last year, the business posted $1.35 EPS.
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 Monday, October 26th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.30 per share on Thursday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 5th. This is an increase from Independent Bank Group's previous quarterly dividend of $0.25.
View Independent Bank Group's dividend history.

Is Independent Bank Group a good dividend stock?

Independent Bank Group pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.83%. The dividend payout ratio of Independent Bank Group is 23.62%. 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 25.05% 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?

6 analysts have issued 12 month target prices for Independent Bank Group's stock. Their forecasts range from $35.00 to $75.00. On average, they anticipate Independent Bank Group's share price to reach $50.42 in the next twelve months. This suggests that the stock has a possible downside of 25.1%.
View analysts' price targets for Independent Bank Group or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Independent Bank Group include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), First Financial Bankshares (FFIN), South State (SSB), Popular (BPOP), Glacier Bancorp (GBCI), Bank OZK (OZK), United Bankshares (UBSI), Wintrust Financial (WTFC), Home Bancshares, Inc. (Conway, AR) (HOMB) and Pacific Premier Bancorp (PPBI).
View all of IBTX's 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 62, Pay $1.54M)
Mr. Daniel W. Brooks, Vice Chairman & Chief Risk Officer (Age 61, Pay $815.77k)
Ms. Michelle S. Hickox, Exec. VP & CFO (Age 53, Pay $690.68k)
Mr. Mark S. Haynie Esq., Exec. VP & Gen. Counsel (Age 65, Pay $771.19k)
Mr. James P. Tippit, Exec. VP of Corp. Responsibility (Age 50, Pay $968.72k)
Mr. James C. White, Exec. VP & COO (Age 56)
Ms. Leslie Beseda, Exec. VP & Chief Accounting Officer
Paul Langdale, Sr. VP, Head of Investor Relations & Director of Corp. Devel.
Peggy Smolen, Sr. VP of Marketing & Communications
Mr. Kenneth A. Whitelam, Sr. VP of Commercial Lending

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 Summit Creek Advisors LLC (0.36%), Wedge Capital Management L L P NC (0.33%), State of Alaska Department of Revenue (0.07%), CFO4Life Group LLC (0.04%), Legacy Advisors LLC (0.02%) and Exchange Traded Concepts LLC (0.02%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Daniel W Brooks, David R Brooks, 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 institutional investors are selling Independent Bank Group stock?

IBTX stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, State of Alaska Department of Revenue, American National Bank, Summit Creek Advisors LLC, and Legacy Advisors LLC. 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 C White, and Michelle S Hickox.
View insider buying and selling activity for Independent Bank Group or view top insider-selling stocks.

Which institutional investors are buying Independent Bank Group stock?

IBTX stock was bought by a variety of institutional investors in the last quarter, including CFO4Life Group LLC, Crossmark Global Holdings Inc., Avantax Advisory Services Inc., and Exchange Traded Concepts LLC. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, Brian E Hobart, 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.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $67.33.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $2.91 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 1/23/2021 by MarketBeat.com Staff

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