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S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
Invest in Smart Home Tech with Superior Patents (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
Invest in Smart Home Tech with Superior Patents (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
Invest in Smart Home Tech with Superior Patents (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
51-Year Market Veteran Reveals Stunning "Crash Profit Trades" (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
NASDAQ:IBTX

Independent Bank Group - IBTX Stock Forecast, Price & News

$73.70
-0.90 (-1.21%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$73.00
$74.62
50-Day Range
$65.90
$75.73
52-Week Range
$62.82
$79.66
Volume
300,755 shs
Average Volume
211,510 shs
Market Capitalization
$3.03 billion
P/E Ratio
15.04
Dividend Yield
2.04%
Price Target
$78.67

Independent Bank Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.7% 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
0.89mentions of Independent Bank Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$164,620 Sold Last Quarter
Proj. Earnings Growth
8.57%
From $5.25 to $5.70 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Finance Sector

551st out of 896 stocks

State Commercial Banks Industry

122nd out of 187 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.

Independent Bank Group Trading Down 0.1 %

IBTX opened at $74.60 on Friday. The company's 50 day moving average is $69.59 and its 200-day moving average is $71.86. Independent Bank Group has a 1-year low of $62.82 and a 1-year high of $79.66. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.07 billion, a P/E ratio of 15.22 and a beta of 1.51.

Independent Bank Group (NASDAQ:IBTX - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The bank reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.04. Independent Bank Group had a net margin of 32.74% and a return on equity of 8.49%. The company had revenue of $151.88 million for the quarter, compared to the consensus estimate of $151.05 million. During the same period last year, the company posted $1.35 EPS. Equities research analysts predict that Independent Bank Group will post 5.25 earnings per share for the current fiscal year.

Independent Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. Independent Bank Group's dividend payout ratio (DPR) is presently 31.02%.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBTX. Truist Financial increased their price objective on shares of Independent Bank Group to $80.00 and gave the stock 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 increased their price objective on shares of Independent Bank Group to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th.

Insider Activity at Independent Bank Group

In related news, COO Michael B. Hobbs sold 1,350 shares of the firm's stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $74.76, for a total value of $100,926.00. Following the completion of the transaction, the chief operating officer now owns 31,308 shares in the company, valued at approximately $2,340,586.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Michael B. Hobbs sold 1,350 shares of the firm's stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $74.76, for a total value of $100,926.00. Following the completion of the transaction, the chief operating officer now owns 31,308 shares in the company, valued at approximately $2,340,586.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James C. White sold 876 shares of the firm's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $72.71, for a total transaction of $63,693.96. Following the transaction, the executive vice president now owns 7,355 shares of the company's stock, valued at approximately $534,782.05. The disclosure for this sale can be found here. 3.30% of the stock is 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

Last Earnings
7/25/2022
Ex-Dividend for 8/18 Dividend
8/03/2022
Dividend Payable
8/18/2022
Today
8/19/2022
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
+6.7%
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
$5.42 per share
Book Value
$57.43 per share

Miscellaneous

Free Float
39,810,000
Market Cap
$3.03 billion
Optionable
Optionable
Beta
1.51

Key Executives

  • Mr. David R. BrooksMr. David R. Brooks (Age 63)
    CEO & Chairman
    Comp: $1.68M
  • Mr. Michael B. HobbsMr. Michael B. Hobbs (Age 59)
    Pres & COO
    Comp: $1.06M
  • Ms. Michelle S. HickoxMs. Michelle S. Hickox (Age 54)
    Exec. VP & CFO
    Comp: $754.25k
  • Mr. John G. Turpen (Age 53)
    Exec. VP & Chief Risk Officer
    Comp: $425.85k
  • Ms. Leslie Beseda
    Exec. VP & Chief Accounting Officer
  • Mr. Bill Wade
    EVP & Chief Information Officer
  • Mr. Mark S. Haynie Esq.Mr. Mark S. Haynie Esq. (Age 66)
    Exec. VP & Gen. Counsel
  • Peggy Smolen
    Sr. VP of Marketing & Communications
  • Mr. Paul B. Langdale
    Exec. VP, Director of Corp. Devel. & Strategy
  • Schwinn Feng
    Chief Marketing Officer













IBTX Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 analysts have issued twelve-month price targets 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 6.7% 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 at the start of the year. Since then, IBTX shares have increased by 2.1% and is now trading at $73.70.
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 quarterly earnings data on Monday, July, 25th. The bank reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 32.74% and a trailing twelve-month return on equity of 8.49%. During the same quarter last year, the business earned $1.35 earnings per share.

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. Shareholders 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 2.06%. 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 2.04%. 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 26.67% 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%), State Street Corp (4.76%), Price T Rowe Associates Inc. MD (3.33%), Macquarie Group Ltd. (1.90%), Royce & Associates LP (1.08%) and Northern Trust Corp (1.01%). 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 $73.70.

How much money does Independent Bank Group make?

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $3.03 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 8/20/2022 by MarketBeat.com Staff

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