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NASDAQ:IBTXIndependent Bank Group Stock Price, Forecast & News

-0.74 (-1.51 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $48.14
50-Day Range
MA: $41.66
52-Week Range
Now: $48.14
Volume258,200 shs
Average Volume725,707 shs
Market Capitalization$2.08 billion
P/E Ratio10.94
Dividend Yield2.08%
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.74 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:IBTX



Sales & Book Value

Annual Sales$731.11 million
Cash Flow$4.76 per share
Book Value$54.47 per share


Net Income$192.74 million


Market Cap$2.08 billion
Next Earnings Date10/19/2020 (Estimated)
-0.74 (-1.51 %)
(As of 08/13/2020 04:00 PM 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 price 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 (WHO). Since then, IBTX stock has increased by 48.7% and is now trading at $48.14.
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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, October 19th 2020.
View our earnings forecast for Independent Bank Group

How were Independent Bank Group's earnings last quarter?

Independent Bank Group Inc (NASDAQ:IBTX) posted its earnings results on Tuesday, July, 28th. The bank reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The bank earned $153.75 million during the quarter, compared to analysts' expectations of $141.77 million. Independent Bank Group had a return on equity of 8.76% and a net margin of 26.11%. During the same quarter in the prior year, the company posted $1.22 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 Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of $0.25 per share on Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, August 7th.
View Independent Bank Group's dividend history

What price target have analysts set for IBTX?

5 equities research analysts have issued 12 month target prices 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 $43.80 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts' price targets for Independent Bank Group

Has Independent Bank Group been receiving favorable news coverage?

News coverage about IBTX stock has trended negative on Friday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank Group earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Independent Bank Group

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,440,000 shares, an increase of 103.6% from the June 15th total of 1,690,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 3.3 days. Approximately 9.6% of the shares of the company are short sold.
View Independent Bank Group's Short Interest

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), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Dominion Energy (D), Gilead Sciences (GILD), Huntington Bancshares (HBAN) and ONEOK (OKE).

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 retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (2.16%), Bank of New York Mellon Corp (1.07%), Stieven Capital Advisors L.P. (0.99%), Principal Financial Group Inc. (0.76%), Prudential Financial Inc. (0.67%) and Chartwell Investment Partners LLC (0.66%). 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 major investors are selling Independent Bank Group stock?

IBTX stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Goldman Sachs Group Inc., Trexquant Investment LP, Prudential Financial Inc., ClariVest Asset Management LLC, Hodges Capital Management Inc., Doliver Advisors LP, and Covenant Multifamily Offices LLC. 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 major investors are buying Independent Bank Group stock?

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Bank of New York Mellon Corp, FMR LLC, Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Stieven Capital Advisors L.P., Comerica Bank, and State of Wisconsin Investment Board. 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 $48.14.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $2.08 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 8/14/2020 by MarketBeat.com Staff

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