NASDAQ:IBTX - Independent Bank Group Stock Price, News & Analysis

$48.73
-1.49 (-2.97 %)
(As of 08/25/2019 04:00 PM ET)
Today's Range
$48.55
Now: $48.73
$50.7675
50-Day Range
$49.25
MA: $53.81
$57.15
52-Week Range
$44.14
Now: $48.73
$71.35
Volume201,636 shs
Average Volume170,724 shs
Market Capitalization$2.13 billion
P/E Ratio10.93
Dividend Yield1.99%
Beta1.4
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
Current SymbolNASDAQ:IBTX
CUSIPN/A
Phone972-562-9004

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$449.51 million
Cash Flow$4.3316 per share
Book Value$51.51 per share

Profitability

Net Income$128.26 million

Miscellaneous

Employees1,087
Market Cap$2.13 billion
Next Earnings Date10/28/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, July 24th. Shareholders of record on Monday, August 5th will be given a dividend of $0.25 per share on Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. 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) announced its quarterly earnings results on Monday, July, 22nd. The bank reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.27 by $0.05. The bank earned $145.84 million during the quarter, compared to analysts' expectations 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?

Independent Bank Group is scheduled to release their next quarterly earnings announcement on Monday, October 28th 2019. View Earnings Estimates for Independent Bank Group.

What price target have analysts set for IBTX?

3 equities research analysts have issued 12-month price objectives for Independent Bank Group's shares. Their forecasts range from $61.00 to $67.00. On average, they expect Independent Bank Group's share price to reach $64.00 in the next twelve months. This suggests a possible upside of 31.3% 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. " (8/23/2019)
  • 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?

Media stories about IBTX stock have been trending positive on Sunday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank Group earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future. View News Stories for Independent Bank Group.

Who are some of Independent Bank Group's key 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 Guaranty Bancorp (GBNK), Virtu Financial (VIRT), Alibaba Group (BABA), General Electric (GE), Amgen (AMGN), Landmark Infrastructure Partners LP Unit (LMRK), Chevron (CVX), Enterprise Products Partners (EPD), Kinder Morgan (KMI) and The Coca-Cola (KO).

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 shareholders 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, Michelle S Hickox 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 bought 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, Scottrade, Fidelity and Charles Schwab.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $48.73.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $2.13 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?

The official website for Independent Bank Group is http://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.


MarketBeat Community Rating for Independent Bank Group (NASDAQ IBTX)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  219 (Vote Outperform)
Underperform Votes:  338 (Vote Underperform)
Total Votes:  557
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.
This page was last updated on 8/25/2019 by MarketBeat.com Staff

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