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.
Read More…
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone972-562-9004
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$449.51 million
Profitability
Miscellaneous
Employees1,087
Next Earnings Date10/28/2019 (Estimated)
OptionableOptionable
Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions
What is Independent Bank Group's stock symbol?
Independent Bank Group trades on the NASDAQ under the ticker symbol "IBTX."
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 Wednesday, July 24th. Investors of record on Monday, August 5th will be paid a dividend of $0.25 per share on Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, August 2nd. View Independent Bank Group's Dividend History.
How were Independent Bank Group's earnings last quarter?
Independent Bank Group Inc (NASDAQ:IBTX) issued its quarterly earnings results on Monday, July, 22nd. The bank reported $1.22 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.27 by $0.05. The bank had revenue of $145.84 million for the quarter, compared to analyst estimates of $138.67 million. Independent Bank Group had a net margin of 26.06% and a return on equity of 9.18%. View Independent Bank Group's Earnings History.
When is Independent Bank Group's next earnings date?
What price target have analysts set for IBTX?
3 analysts have issued 12-month price targets for Independent Bank Group's stock. Their predictions range from $61.00 to $67.00. On average, they anticipate Independent Bank Group's stock price to reach $64.00 in the next year. This suggests a possible upside of 20.4% from the stock's current price. View Analyst Price Targets for Independent Bank Group.
What is the consensus analysts' recommendation for Independent Bank Group?
3 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independent Bank Group.
What are Wall Street analysts saying about Independent Bank Group stock?
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. " (9/18/2019)
- 2. Stephens analysts commented, "We’re optimistic IBTX will experience multiple expansion towards TX peers of 12x upon full deal integration. We maintain our Overweight rating." (5/20/2019)
Has Independent Bank Group been receiving favorable news coverage?
News coverage about IBTX stock has trended somewhat negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Independent Bank Group earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Independent Bank Group.
Who are some of Independent Bank Group's key competitors?
Some companies that are related to Independent Bank Group include Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC), First Citizens BancShares (FCNCA), Popular (BPOP), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), First Hawaiian (FHB), Bank Ozk (OZK), Glacier Bancorp (GBCI) and Bank of Hawaii (BOH).
What other stocks do shareholders of Independent Bank Group own?
Who are Independent Bank Group's key executives?
Independent Bank Group's management team includes the folowing 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)
Who are Independent Bank Group's major shareholders?
Independent Bank Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.89%), BlackRock Inc. (6.39%), Price T Rowe Associates Inc. MD (5.97%), Northern Trust Corp (1.13%), Mendon Capital Advisors Corp (0.97%) and Investment Counselors of Maryland LLC (0.92%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Daniel W Brooks, Donald L Poarch, Douglas A Cifu, G Stacy Smith, James C White, Jan C Webb, John Webb Jennings III, Michelle S Hickox and Paul W Taylor. 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 Mendon Capital Advisors Corp, RMB Capital Management LLC, MUFG Securities EMEA plc, Renaissance Technologies LLC, Man Group plc, Vanguard Group Inc., Chartwell Investment Partners LLC and Phocas Financial Corp.. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith and Paul W Taylor. View Insider Buying and Selling for Independent Bank Group.
Which major investors are buying Independent Bank Group stock?
IBTX stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, Keeley Teton Advisors LLC, Northern Trust Corp, Covenant Multifamily Offices LLC, Bank of America Corp DE and Jane Street Group 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 Michelle S Hickox. View Insider Buying and Selling 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 $53.17.
How big of a company is Independent Bank Group?
Independent Bank Group has a market capitalization of $2.32 billion and generates $449.51 million in revenue each year. The bank earns $128.26 million in net income (profit) each year or $4.46 on an earnings per share basis. Independent Bank Group employs 1,087 workers across the globe.View Additional Information About Independent Bank Group.
What is Independent Bank Group's official website?
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.
MarketBeat Community Rating for Independent Bank Group (NASDAQ IBTX)
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.
