NASDAQ:IBTXIndependent Bank Group Stock Price, Forecast & News

$42.88

+3.62 (+9.22 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$41.48

Now: $42.88▼

$44.03

50-Day Range

$22.62

MA: $29.70▼

$38.38

52-Week Range

$20.35

Now: $42.88▼

$63.16

Volume1.46 million shs

Average Volume741,224 shs

Market Capitalization$1.85 billion

P/E Ratio9.22

Dividend Yield2.55%

Beta1.94

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.

Beat the Market (BTM) Rank^™

1.4 Analyst's Opinion

Consensus Rating
Independent Bank Group has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $43.80, Independent Bank Group has a potential upside of 2.1% from its current price of $42.88.
Amount of Analyst Coverage
Independent Bank Group has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Independent Bank Group has received 258 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Independent Bank Group has received 410 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Independent Bank Group has received 61.38% “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.

4.2 Dividend Strength

Dividend Leadership
Independent Bank Group is a leading dividend payer. It pays a dividend yield of 2.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Independent Bank Group has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Independent Bank Group is 19.69 %. 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 28.57 % next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Independent Bank Group insiders have bought 245.01% more of their company's stock than they have sold. Specifically, they have bought $199,899.00 in company stock and sold $57,940.00 in company stock.
Percentage Held by Insiders
Only 10.90% of the stock of Independent Bank Group is held by insiders.
Percentage Held by Institutions
69.80% 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Independent Bank Group are expected to decrease by -8.62% in the coming year, from $3.83 to $3.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Independent Bank Group is 9.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Independent Bank Group is 9.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.61.
Price to Book Value per Share Ratio
Independent Bank Group has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.67 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.51

Current Ratio1.07

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio9.22

Forward P/E Ratio11.20

P/E GrowthN/A

Sales & Book Value

Annual Sales$731.11 million

Price / Sales2.52

Cash Flow$5.24 per share

Price / Cash Flow8.18

Book Value$54.47 per share

Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)$5.08

Net Income$192.74 million

Net Margins27.36%

Return on Equity9.10%

Return on Assets1.40%

Miscellaneous

Employees1,469

Outstanding Shares43,042,000

Market Cap$1.85 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization. Since then, IBTX stock has increased by 32.4% and is now trading at $42.88. View which stocks have been most impacted by Coronavirus.

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, July 27th 2020. 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 Monday, April, 27th. The bank reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.06 by $0.03. The bank had revenue of $137.75 million for the quarter, compared to analyst estimates of $140.70 million. Independent Bank Group had a return on equity of 9.10% and a net margin of 27.36%. 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, April 29th. Shareholders of record on Monday, May 11th will be given a dividend of $0.25 per share on Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, May 8th. View Independent Bank Group's dividend history.

What price target have analysts set for IBTX?

5 Wall Street analysts have issued twelve-month price objectives for Independent Bank Group's shares. Their forecasts range from $35.00 to $61.00. On average, they expect Independent Bank Group's stock price to reach $43.80 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View analysts' price targets for Independent Bank Group.

Has Independent Bank Group been receiving favorable news coverage?

Media headlines about IBTX stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank Group earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutIndependent Bank Group.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,030,000 shares, an increase of 39.0% from the April 30th total of 3,620,000 shares. Based on an average trading volume of 740,500 shares, the days-to-cover ratio is currently 6.8 days. Approximately 14.1% of the company's shares are sold short. View Independent Bank Group's Current Options Chain.

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

Some companies that are related to Independent Bank Group include Signature Bank (SBNY), Prosperity Bancshares (PB), East West Bancorp (EWBC), First Financial Bankshares (FFIN), Western Alliance Bancorporation (WAL), Glacier Bancorp (GBCI), First Citizens BancShares (FCNCA), Popular (BPOP), Bank Ozk (OZK), United Bankshares (UBSI), CVB Financial (CVBF), Bank of Hawaii (BOH), Wintrust Financial (WTFC), Home Bancshares (HOMB) and IBERIABANK (IBKC). View all 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), Verizon Communications (VZ), Wells Fargo & Co (WFC), Amgen (AMGN), Dominion Energy (D), Enbridge (ENB) and Gilead Sciences (GILD).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.84%), State Street Corp (2.50%), Basswood Capital Management L.L.C. (1.60%), Alliancebernstein L.P. (1.43%), Geode Capital Management LLC (1.26%) and Wellington Management Group LLP (1.23%). 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 institutional investors are selling Independent Bank Group stock?

IBTX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., New York State Common Retirement Fund, Morgan Stanley, Bank of New York Mellon Corp, Alliancebernstein L.P., Squarepoint Ops LLC, JPMorgan Chase & Co., and State Street Corp. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith, James C White, Mark K Gormley, and Michelle S Hickox. View insider buying and selling activity for Independent Bank Group.

Which institutional investors are buying Independent Bank Group stock?

IBTX stock was bought by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., Wellington Management Group LLP, Davis Capital Partners LLC, Balyasny Asset Management LLC, Nuveen Asset Management LLC, Stieven Capital Advisors L.P., Two Sigma Investments LP, and ClariVest Asset 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 $42.88.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $1.85 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 6/5/2020 by MarketBeat.com Staff