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NASDAQ:IBTX

Independent Bank Group Stock Forecast, Price & News

$59.16
-1.69 (-2.78 %)
(As of 11/25/2020 10:56 AM ET)
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Compare
Today's Range
$58.77
Now: $59.16▼
$60.05
50-Day Range
$46.96
MA: $52.25▼
$59.40
52-Week Range
$20.35
Now: $59.16▼
$63.16
Volume1,497 shs
Average Volume575,531 shs
Market Capitalization$2.56 billion
P/E Ratio13.18
Dividend Yield2.02%
Beta1.97
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.
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Independent Bank Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.3Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.72 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
Employees1,469

Debt

Debt-to-Equity Ratio0.30
Current Ratio1.04
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio13.18
Forward P/E Ratio12.15
P/E GrowthN/A

Sales & Book Value

Annual Sales$731.11 million
Price / Sales3.50
Cash Flow$5.58 per share
Price / Cash Flow10.61
Book Value$57.26 per share
Price / Book1.03

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$2.56 billion
Next Earnings Date1/25/2021 (Estimated)
OptionableOptionable
$59.16
-1.69 (-2.78 %)
(As of 11/25/2020 10:56 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 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 82.7% and is now trading at $59.16.
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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Independent Bank Group.

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 winning trading ideas this year 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.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
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 earnings results on Saturday, October, 31st. The bank reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.33. Independent Bank Group had a return on equity of 8.68% and a net margin of 27.32%. During the same quarter in the prior year, the firm 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. Investors of record on Friday, November 6th will be given a dividend of $0.30 per share on Thursday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 5th. This is a positive change from Independent Bank Group's previous quarterly dividend of $0.25.
View Independent Bank Group's dividend history.

What price target have analysts set for IBTX?

5 brokers 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 $45.50 in the next twelve months. This suggests that the stock has a possible downside of 23.1%.
View analysts' price targets for Independent Bank Group.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,780,000 shares, an increase of 14.1% from the September 30th total of 1,560,000 shares. Based on an average daily volume of 251,100 shares, the short-interest ratio is currently 7.1 days. Currently, 5.0% of the company's shares are short sold.
View Independent Bank Group's Short Interest.

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

Some companies that are related to Independent Bank Group include Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Citizens BancShares (FCNCA), South State (SSB), First Financial Bankshares (FFIN), Popular (BPOP), Glacier Bancorp (GBCI), United Bankshares (UBSI), Bank OZK (OZK), Wintrust Financial (WTFC), Home Bancshares, Inc. (Conway, AR) (HOMB) and Bank of Hawaii (BOH).
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), 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 61, Pay $1.54M)
  • Mr. Daniel W. Brooks, Vice Chairman & Chief Risk Officer (Age 60, Pay $815.77k)
  • Ms. Michelle S. Hickox, Exec. VP & CFO (Age 52, Pay $690.68k)
  • Mr. Mark S. Haynie Esq., Exec. VP & Gen. Counsel (Age 64, Pay $771.19k)
  • Mr. James P. Tippit, Exec. VP of Corp. Responsibility (Age 49, Pay $968.72k)
  • Mr. James C. White, Exec. VP & COO (Age 55)
  • Ms. Leslie Beseda, Exec. VP & Chief Accounting Officer
  • Peggy Smolen, Sr. VP of Marketing & Communications
  • Paul Langdale, Sr. VP & Director of Corp. Devel.
  • 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.58%), State Street Corp (3.59%), Royce & Associates LP (1.04%), Stieven Capital Advisors L.P. (0.99%), Principal Financial Group Inc. (0.84%) and Chartwell Investment Partners LLC (0.65%). 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 State Street Corp, BlackRock Inc., ClariVest Asset Management LLC, Victory Capital Management Inc., Summit Creek Advisors LLC, First Trust Advisors LP, Wells Fargo & Company MN, and Charles Schwab Investment Management Inc.. 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 institutional investors are buying Independent Bank Group stock?

IBTX stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Royce & Associates LP, Principal Financial Group Inc., JPMorgan Chase & Co., Cubist Systematic Strategies LLC, GSA Capital Partners LLP, Keebeck Alpha LP, and Morgan Stanley. 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 $59.16.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $2.56 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 11/25/2020 by MarketBeat.com Staff
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