Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. 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 loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages. In addition, it offers debit cards, online banking, mobile banking, eStatements, 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, 2017, the company operated 70 banking offices located in the Dallas/North Texas area, Austin/Central Texas area, and the Houston metropolitan area. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:IBTX
CUSIPN/A
Phone972-562-9004
Debt
Debt-to-Equity Ratio0.48
Current Ratio1.04
Quick Ratio1.03
Price-To-Earnings
Trailing P/E Ratio20.64
Forward P/E Ratio15.49
P/E GrowthN/A
Sales & Book Value
Annual Sales$349.20 million
Price / Sales5.79
Cash Flow$3.3704 per share
Price / Cash21.14
Book Value$47.38 per share
Price / Book1.50
Profitability
EPS (Most Recent Fiscal Year)$3.45
Net Income$76.51 million
Net Margins23.25%
Return on Equity7.81%
Return on Assets1.17%
Miscellaneous
Employees924
Outstanding Shares28,370,000
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 Thursday, April 26th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.14 per share on Thursday, May 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, May 4th. This is a boost from Independent Bank Group's previous quarterly dividend of $0.12. View Independent Bank Group's Dividend History.
How were Independent Bank Group's earnings last quarter?
Independent Bank Group Inc (NASDAQ:IBTX) issued its quarterly earnings data on Monday, April, 23rd. The bank reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.07 by $0.04. The bank had revenue of $83.42 million for the quarter, compared to analyst estimates of $83.80 million. Independent Bank Group had a net margin of 23.25% and a return on equity of 7.81%. During the same quarter last year, the firm earned $0.84 earnings per share. View Independent Bank Group's Earnings History.
When is Independent Bank Group's next earnings date?
What price target have analysts set for IBTX?
6 Wall Street analysts have issued 12 month price objectives for Independent Bank Group's shares. Their predictions range from $69.00 to $80.00. On average, they expect Independent Bank Group's stock price to reach $72.8333 in the next twelve months. 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. " (5/18/2018)
- 2. Stephens analysts commented, "We view IBTX as one of the premier Texas banks with a long runway of growth potential as the Company maintains a robust loan pipeline and the infrastructure/personnel in place to grow past the $10 billion asset threshold. IBTX is well positioned for additional M&A announcements (not in our forecast) due to its successful M&A track record, advantageous currency (2.7x tbv) and our channel checks of steady M&A dialogue in the Southwest Markets. We expect profitability improvement to 1.20%+ ROA with full integration of its recently closed Carlile acquisition. We believe the stock’s recent under-performance (-12% vs peers -2% over last 3 months) represents an attractive entry point for growth investors." (6/20/2017)
Who are some of Independent Bank Group's key competitors?
Some companies that are related to Independent Bank Group include Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Iberiabank (IBKC), Hancock (HBHC), First Hawaiian Bank (FHB), Chemical Financial (CHFC) and Investors Bank (ISBC).
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 59)
- Mr. Daniel W. Brooks, Vice Chairman & Chief Risk Officer (Age 58)
- Ms. Michelle S. Hickox, Exec. VP & CFO (Age 50)
- Mr. James C. White, Exec. VP & COO (Age 53)
- Mr. Brian E. Hobart, Vice Chairman & Chief Lending Officer (Age 52)
Has Independent Bank Group been receiving favorable news coverage?
News headlines about IBTX stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank Group earned a news impact score of 0.15 on Accern's scale. They also gave news coverage about the bank an impact score of 46.35 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Independent Bank Group's major shareholders?
Independent Bank Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.42%), Dimensional Fund Advisors LP (3.48%), Mendon Capital Advisors Corp (1.90%), Atlantic Trust Group LLC (1.79%), RMB Capital Management LLC (1.55%) and Northern Trust Corp (0.84%). Company insiders that own Independent Bank Group stock include Brian E Hobart, Daniel W Brooks, David R Brooks, Douglas A Cifu, G Stacy Smith, James C White, Jan C Webb, John Webb Jennings III, Michelle S Hickox, Torry Berntsen and Vincent J Viola. 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 Mesirow Financial Investment Management Equity Management, Next Century Growth Investors LLC, Monarch Partners Asset Management LLC, Stephens Inc. AR, Russell Investments Group Ltd., Banc Funds Co. LLC, Cortina Asset Management LLC and BNP Paribas Arbitrage SA. Company insiders that have sold Independent Bank Group company stock in the last year include Brian E Hobart, Daniel W Brooks, Douglas A Cifu, James C White, Jan C Webb and John Webb Jennings III. View Insider Buying and Selling for Independent Bank Group.
Which major investors are buying Independent Bank Group stock?
IBTX stock was purchased by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, RMB Capital Management LLC, Dimensional Fund Advisors LP, Citadel Advisors LLC, Victory Capital Management Inc., Atlantic Trust Group LLC, BlackRock Inc. and Millrace Asset Group Inc.. Company insiders that have bought Independent Bank Group stock in the last two years include G Stacy Smith, Michelle S Hickox and Torry Berntsen. 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 $71.20.
How big of a company is Independent Bank Group?
Independent Bank Group has a market capitalization of $2.01 billion and generates $349.20 million in revenue each year. The bank earns $76.51 million in net income (profit) each year or $3.45 on an earnings per share basis. Independent Bank Group employs 924 workers across the globe.
How can I contact Independent Bank Group?
Independent Bank Group's mailing address is 1600 REDBUD BOULEVARD SUITE 400, MCKINNEY TX, 75069. The bank can be reached via phone at 972-562-9004.
MarketBeat Community Rating for Independent Bank Group (IBTX)
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.
