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Independent Bank Group - IBTX Stock Forecast, Price & News

$74.65
+0.38 (+0.51%)
(As of 08/15/2022 02:28 PM ET)
Add
Compare
Today's Range
$73.89
$74.75
50-Day Range
$65.90
$74.27
52-Week Range
$62.82
$79.66
Volume
5,012 shs
Average Volume
213,615 shs
Market Capitalization
$3.07 billion
P/E Ratio
15.23
Dividend Yield
2.05%
Price Target
$78.67

Independent Bank Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.4% Upside
$78.67 Price Target
Short Interest
Bearish
4.00% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.88mentions of Independent Bank Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$63,694 Sold Last Quarter
Proj. Earnings Growth
8.11%
From $5.30 to $5.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Finance Sector

549th out of 928 stocks

State Commercial Banks Industry

127th out of 193 stocks

IBTX stock logo

About Independent Bank Group (NASDAQ:IBTX) Stock

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, as well as mortgage warehouse purchase loans. 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, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

Analyst Ratings Changes

IBTX has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Independent Bank Group to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Piper Sandler reduced their price objective on shares of Independent Bank Group to $76.00 in a research note on Monday, July 4th. Finally, Stephens raised their price objective on shares of Independent Bank Group to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th.

Independent Bank Group Trading Up 0.3 %

IBTX traded up $0.25 during mid-day trading on Friday, hitting $74.27. The stock had a trading volume of 123,668 shares, compared to its average volume of 159,526. The stock's fifty day simple moving average is $69.33 and its 200-day simple moving average is $71.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 15.16 and a beta of 1.51. Independent Bank Group has a 1-year low of $62.82 and a 1-year high of $79.66.

Independent Bank Group (NASDAQ:IBTX - Get Rating) last posted its earnings results on Monday, July 25th. The bank reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.04. The company had revenue of $151.88 million for the quarter, compared to analyst estimates of $151.05 million. Independent Bank Group had a net margin of 32.74% and a return on equity of 8.49%. During the same period last year, the business posted $1.35 earnings per share. As a group, research analysts forecast that Independent Bank Group will post 5.3 EPS for the current fiscal year.

Independent Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.05%. Independent Bank Group's payout ratio is 31.02%.

Insider Buying and Selling

In related news, EVP James C. White sold 876 shares of the firm's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $72.71, for a total transaction of $63,693.96. Following the sale, the executive vice president now directly owns 7,355 shares in the company, valued at $534,782.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

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IBTX Stock News Headlines

Independent Financial appoints new CFO
Independent Bank Group (NASDAQ:IBTX) PT Raised to $80.00
Independent Bank Group Tops Q1 EPS by 9c
Independent Bank declares $0.38 dividend
See More Headlines
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IBTX Company Calendar

Ex-Dividend for 5/19 Dividend
5/04/2022
Dividend Payable
5/19/2022
Last Earnings
7/25/2022
Ex-Dividend for 8/18 Dividend
8/03/2022
Today
8/15/2022
Dividend Payable
8/18/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:IBTX
Fax
N/A
Employees
1,543
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$78.67
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$76.00
Forecasted Upside/Downside
+5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$224.75 million
Pretax Margin
40.88%

Debt

Sales & Book Value

Annual Sales
$650.08 million
Cash Flow
$5.52 per share
Book Value
$60.01 per share

Miscellaneous

Free Float
39,810,000
Market Cap
$3.07 billion
Optionable
Optionable
Beta
1.51














IBTX Stock - Frequently Asked Questions

Should I buy or sell Independent Bank Group stock right now?

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. The consensus among Wall Street analysts is that investors should "buy" IBTX shares.
View IBTX analyst ratings
or view top-rated stocks.

What is Independent Bank Group's stock price forecast for 2022?

3 brokers have issued 12 month price objectives for Independent Bank Group's stock. Their IBTX share price forecasts range from $76.00 to $80.00. On average, they expect the company's share price to reach $78.67 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for IBTX
or view top-rated stocks among Wall Street analysts.

How have IBTX shares performed in 2022?

Independent Bank Group's stock was trading at $72.15 on January 1st, 2022. Since then, IBTX shares have increased by 2.9% and is now trading at $74.27.
View the best growth stocks for 2022 here
.

When is Independent Bank Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our IBTX earnings forecast
.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) released its earnings results on Monday, July, 25th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.04. The bank had revenue of $151.88 million for the quarter, compared to analyst estimates of $151.05 million. Independent Bank Group had a trailing twelve-month return on equity of 8.49% and a net margin of 32.74%. During the same quarter in the prior year, the company posted $1.35 EPS.

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, July 25th. Investors of record on Thursday, August 4th will be paid a dividend of $0.38 per share on Thursday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, August 3rd.
Read our dividend analysis for IBTX
.

Is Independent Bank Group a good dividend stock?

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 31.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 26.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

What is David R. Brooks' approval rating as Independent Bank Group's CEO?

13 employees have rated Independent Bank Group Chief Executive Officer David R. Brooks on Glassdoor.com. David R. Brooks has an approval rating of 86% among the company's employees.

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).

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 number of institutional and retail investors. Top institutional investors include FMR LLC (5.82%), Royce & Associates LP (1.08%), Northern Trust Corp (1.01%), Principal Financial Group Inc. (0.55%), Chartwell Investment Partners LLC (0.45%) and JPMorgan Chase & Co. (0.31%). Insiders that own company stock include Alicia Kuhn Harrison, Daniel W Brooks, David R Brooks, David R Brooks, David R Brooks, G Stacy Smith, James C White, James C White, James P Tippit, John Webb Jennings III, Mark K Gormley, Mark S Haynie, Michael B Hobbs, Michelle S Hickox and William E Fair.
View institutional ownership trends
.

How do I buy shares of Independent Bank Group?

Shares of IBTX stock 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.
Compare Top Brokerages Here.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $74.27.

How much money does Independent Bank Group make?

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $3.06 billion and generates $650.08 million in revenue each year. The bank earns $224.75 million in net income (profit) each year or $4.90 on an earnings per share basis.

How many employees does Independent Bank Group have?

The company employs 1,543 workers across the globe.

How can I contact Independent Bank Group?

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The official website for the company is www.independent-bank.com. The bank can be reached via phone at (972) 562-9004.

This page (NASDAQ:IBTX) was last updated on 8/15/2022 by MarketBeat.com Staff

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