Independent Bank Group - IBTX Stock Forecast, Price & News

4 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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IBTX shares.
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4 Wall Street analysts have issued 12 month target prices for Independent Bank Group's shares. Their IBTX share price forecasts range from $53.00 to $80.00. On average, they expect the company's stock price to reach $69.50 in the next year. This suggests a possible upside of 48.4% from the stock's current price.
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Independent Bank Group's stock was trading at $60.08 at the start of the year. Since then, IBTX shares have decreased by 22.1% and is now trading at $46.82.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Independent Bank Group, Inc. (NASDAQ:IBTX) issued its quarterly earnings results on Tuesday, January, 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.08. The bank earned $201 million during the quarter, compared to the consensus estimate of $161.40 million. Independent Bank Group had a trailing twelve-month return on equity of 8.72% and a net margin of 27.78%. During the same period in the previous year, the company posted $1.28 earnings per share.

Independent Bank Group declared a quarterly dividend on Monday, January 23rd. Stockholders of record on Monday, February 6th will be given a dividend of $0.38 per share on Thursday, February 16th. This represents a $1.52 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, February 3rd.
Read our dividend analysis for IBTX.

ETFs with the largest weight of Independent Bank Group (NASDAQ:IBTX) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Low Volatility ETF (XSLV), Qraft AI-Enhanced Next Value ETF (NVQ), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), iShares S&P Small-Cap 600 Value ETF (IJS) and SPDR S&P Regional Banking ETF (KRE).

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.33%. 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 32.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 29.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

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.

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).

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

Independent Bank Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.25%), T. Rowe Price Investment Management Inc. (3.32%), American Century Companies Inc. (2.63%), Macquarie Group Ltd. (1.68%), Geode Capital Management LLC (1.67%) and Alliancebernstein L.P. (1.34%). 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 S Haynie, Michael B Hobbs and Michelle S Hickox.
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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.
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One share of IBTX stock can currently be purchased for approximately $46.82.

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $1.93 billion and generates $706.48 million in revenue each year. The bank earns $196.29 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 1,547 workers across the globe.

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.