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

$24.06
-1.01 (-4.03 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$23.07
Now: $24.06
$24.46
50-Day Range
$20.70
MA: $43.12
$56.66
52-Week Range
$20.35
Now: $24.06
$63.16
Volume992,677 shs
Average Volume758,231 shs
Market Capitalization$1.04 billion
P/E Ratio5.38
Dividend Yield3.99%
Beta1.33
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. 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, 2018, the company operated 73 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
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Independent Bank Group logo

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$731.11 million
Cash Flow$4.51 per share
Book Value$54.47 per share

Profitability

Net Income$192.74 million

Miscellaneous

Employees1,469
Market Cap$1.04 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions

How has Independent Bank Group's stock been impacted by COVID-19 (Coronavirus)?

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IBTX stock has decreased by 25.7% and is now trading at $24.06. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Independent Bank Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independent Bank Group.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. 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 quarterly earnings data on Monday, January, 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The bank had revenue of $146.30 million for the quarter, compared to analyst estimates of $141.55 million. Independent Bank Group had a return on equity of 9.63% and a net margin of 26.36%. 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 announced a quarterly dividend on Wednesday, January 29th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share on Thursday, February 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, February 7th. View Independent Bank Group's dividend history.

What price target have analysts set for IBTX?

4 brokers have issued 1 year price objectives for Independent Bank Group's shares. Their forecasts range from $60.00 to $61.00. On average, they expect Independent Bank Group's share price to reach $60.50 in the next twelve months. This suggests a possible upside of 151.5% from the stock's current price. View analysts' price targets for Independent Bank Group.

Has Independent Bank Group been receiving favorable news coverage?

Media stories about IBTX stock have trended extremely negative on Sunday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -4.0 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View the latest news aboutIndependent Bank Group.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,247,200 shares, an increase of 27.0% from the February 27th total of 1,770,000 shares. Based on an average daily volume of 550,700 shares, the short-interest ratio is presently 4.1 days. Approximately 6.3% of the shares of the company are sold short. View Independent Bank Group's Current Options Chain.

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 Enterprise Products Partners (EPD), Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Pfizer (PFE), Store Capital (STOR), Netflix (NFLX), NVIDIA (NVDA), QUALCOMM (QCOM) and Enbridge (ENB).

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 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)

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 institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (3.01%), Macquarie Group Ltd. (3.00%), State Street Corp (2.56%), Alliancebernstein L.P. (1.58%), Geode Capital Management LLC (1.22%) and Goldman Sachs Group Inc. (1.17%). 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, Jan C Webb, 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 Goldman Sachs Group Inc., Fred Alger Management LLC, Mendon Capital Advisors Corp, Elizabeth Park Capital Advisors Ltd., Summit Creek Advisors LLC, Hodges Capital Management Inc., Marshall Wace LLP, and Royce & Associates LP. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith, Mark K Gormley, Michelle S Hickox, and Paul W Taylor. View insider buying and selling activity for Independent Bank Group.

Which institutional investors are buying Independent Bank Group stock?

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, CNH Partners LLC, Macquarie Group Ltd., Macquarie Group Ltd., Renaissance Technologies LLC, Public Sector Pension Investment Board, New York State Common Retirement Fund, and GAM Holding AG. 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 $24.06.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $1.04 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. 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:  1.9 out of 5 (star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  400 (Vote Underperform)
Total Votes:  653
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 3/29/2020 by MarketBeat.com Staff

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