Independent Bank Group Company Profile (NASDAQ:IBTX)

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

Independent Bank Group declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.10 per share on Thursday, May 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, May 4th. View Independent Bank Group's Dividend History.

Independent Bank Group, Inc (NASDAQ:IBTX) announced its quarterly earnings data on Monday, July, 24th. The company reported $0.82 EPS for the quarter, hitting the Zacks' consensus estimate of $0.82. The business earned $80.50 million during the quarter, compared to analysts' expectations of $81.31 million. Independent Bank Group had a return on equity of 10.30% and a net margin of 23.52%. Independent Bank Group's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. View Independent Bank Group's Earnings History.

4 equities research analysts have issued 1 year price objectives for Independent Bank Group's stock. Their forecasts range from $69.00 to $71.00. On average, they expect Independent Bank Group's share price to reach $70.25 in the next twelve months. View Analyst Ratings for Independent Bank Group.

Here are some recent quotes from research analysts about Independent Bank Group stock:

• 1. According to Zacks Investment Research, "Independent Bank Group, Inc. is a bank holding company that conducts its business activities through its subsidiary, Independent Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, commercial real estate loans, interim construction loans, loans to professionals, residential first and second mortgage loans , loans to purchase cars, boats and other recreational vehicles. Independent Bank Group, Inc. is headquartered in McKinney, Texas. " (6/29/2017)
• 2. Stephens analysts commented, "We view IBTX as one of the premier Texas banks with a long runway of growth potential as the Company maintains a robust loan pipeline and the infrastructure/personnel in place to grow past the $10 billion asset threshold. IBTX is well positioned for additional M&A announcements (not in our forecast) due to its successful M&A track record, advantageous currency (2.7x tbv) and our channel checks of steady M&A dialogue in the Southwest Markets. We expect profitability improvement to 1.20%+ ROA with full integration of its recently closed Carlile acquisition. We believe the stock’s recent under-performance (-12% vs peers -2% over last 3 months) represents an attractive entry point for growth investors." (6/20/2017)

Independent Bank Group saw a drop in short interest in the month of June. As of June 15th, there was short interest totalling 476,362 shares, a drop of 37.5% from the May 31st total of 762,518 shares. Based on an average daily trading volume, of 97,487 shares, the days-to-cover ratio is currently 4.9 days. Approximately 2.8% of the company's shares are short sold.

Some companies that are related to Independent Bank Group include Pinnacle Financial Partners (PNFP), Fulton Financial Corporation (FULT), Sterling Bancorp (STL), First Financial Bankshares (FFIN), Hope Bancorp (HOPE), Great Western Bancorp (GWB), Columbia Banking System (COLB), Trustmark Corporation (TRMK), Eagle Bancorp (EGBN), FCB Financial Holdings (FCB), United Community Banks (UCBI), ServisFirst Bancshares (SFBS), Independent Bank Corp. (INDB), Bank of N.T. Butterfield & Son Limited (The) (NTB), Provident Financial Services (PFS), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF) and S&T Bancorp (STBA).

Independent Bank Group's management team includes the folowing people:

• David R. Brooks, Chairman of the Board, President, Chief Executive Officer
• Brian E. Hobart, Vice Chairman, Chief Lending Officer
• Michelle S. Hickox, Chief Financial Officer, Executive Vice President
• James C. White, Chief Operating Officer, Executive Vice President
• Jan C. Webb, Corporate Secretary
• Douglas A. Cifu J.D., Lead Independent Director
• Christopher M. Doody, Independent Director
• William E. Fair, Independent Director
• Mark K. Gormley, Independent Director
• J. Webb Jennings III, Independent Director

Independent Bank Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.80%), Summit Creek Advisors LLC (0.41%), Russell Investments Group Ltd. (0.30%), Sheets Smith Wealth Management (0.04%), US Bancorp DE (0.03%) and American National Bank (0.02%). Company insiders that own Independent Bank Group stock include Brian E Hobart, Daniel W Brooks, David R Brooks, Douglas A Cifu, G Stacy Smith, Jack M Radke, Jan C Webb, John Webb Jennings III, Michelle S Hickox, Torry Berntsen, Vincent J Viola and William E Fair. View Institutional Ownership Trends for Independent Bank Group.

Independent Bank Group's stock was sold by a variety of institutional investors in the last quarter, including Sapphire Star Partners LP and Sheets Smith Wealth Management. Company insiders that have sold Independent Bank Group stock in the last year include Brian E Hobart, Daniel W Brooks, David R Brooks, Douglas A Cifu, G Stacy Smith, Jan C Webb, John Webb Jennings III and Vincent J Viola. View Insider Buying and Selling for Independent Bank Group.

Independent Bank Group's stock was acquired by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Russell Investments Group Ltd., American National Bank, Peregrine Capital Management LLC, US Bancorp DE and Eqis Capital Management Inc.. Company insiders that have bought Independent Bank Group stock in the last two years include Brian E Hobart, G Stacy Smith, Jack M Radke, John Webb Jennings III, Michelle S Hickox, Torry Berntsen and William E Fair. View Insider Buying and Selling for Independent Bank Group.

Shares of Independent Bank Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Independent Bank Group stock can currently be purchased for approximately $59.85.