S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
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EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
Highly Profitable Restaurant Brand Expands to Canada (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Highly Profitable Restaurant Brand Expands to Canada (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Highly Profitable Restaurant Brand Expands to Canada (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
Highly Profitable Restaurant Brand Expands to Canada (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Highly Profitable Restaurant Brand Expands to Canada (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Highly Profitable Restaurant Brand Expands to Canada (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
Highly Profitable Restaurant Brand Expands to Canada (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Highly Profitable Restaurant Brand Expands to Canada (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Highly Profitable Restaurant Brand Expands to Canada (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP reach debt-ceiling deal. Now Congress must approve it to prevent calamitous default
Highly Profitable Restaurant Brand Expands to Canada (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Highly Profitable Restaurant Brand Expands to Canada (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NASDAQ:IBTX

Independent Bank Group (IBTX) Stock Forecast, Price & News

$34.79
+0.18 (+0.52%)
(As of 05/26/2023 ET)
Compare
Today's Range
$34.08
$34.88
50-Day Range
$29.66
$48.43
52-Week Range
$28.81
$76.00
Volume
160,403 shs
Average Volume
379,211 shs
Market Capitalization
$1.44 billion
P/E Ratio
13.38
Dividend Yield
4.37%
Price Target
$62.75

Independent Bank Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
80.4% Upside
$62.75 Price Target
Short Interest
Healthy
3.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Independent Bank Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$449,798 Bought Last Quarter
Proj. Earnings Growth
7.77%
From $3.86 to $4.16 Per Share

Overall MarketRank

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

3.42 out of 5 stars

Finance Sector

18th out of 911 stocks

State Commercial Banks Industry

10th out of 191 stocks


IBTX stock logo

About Independent Bank Group (NASDAQ:IBTX) Stock

Independent Bank Group, Inc. is a bank holding company, which engages in the provision of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. It offers checking, savings, commercial loans, business services and cash management solutions. The company was founded by David R. Brooks in 1988 and is headquartered in McKinney, TX.

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IBTX Stock News Headlines

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IBTX Company Calendar

Last Earnings
4/25/2023
Ex-Dividend for 5/18 Dividend
5/03/2023
Dividend Payable
5/18/2023
Today
5/28/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:IBTX
Fax
N/A
Employees
1,547
Year Founded
1864

Price Target and Rating

Average Stock Price Forecast
$62.75
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+80.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$196.29 million
Pretax Margin
17.54%

Debt

Sales & Book Value

Annual Sales
$706.48 million
Cash Flow
$5.66 per share
Book Value
$56.95 per share

Miscellaneous

Free Float
39,878,000
Market Cap
$1.44 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • David R. BrooksDavid R. Brooks
    Chairman & Chief Executive Officer
  • Michael B. HobbsMichael B. Hobbs
    President & Chief Operating Officer
  • Paul B. Langdale
    Chief Financial Officer & Executive Vice President
  • Bill Wade
    Chief Information Officer & Executive VP
  • Mark S. HaynieMark S. Haynie
    Secretary, Executive VP & General Counsel













IBTX Stock - Frequently Asked Questions

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

4 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 3 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 2023?

4 equities research analysts have issued 1 year price objectives for Independent Bank Group's shares. Their IBTX share price forecasts range from $48.00 to $80.00. On average, they expect the company's share price to reach $62.75 in the next twelve months. This suggests a possible upside of 80.4% 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 2023?

Independent Bank Group's stock was trading at $60.08 at the beginning of 2023. Since then, IBTX shares have decreased by 42.1% and is now trading at $34.79.
View the best growth stocks for 2023 here
.

When is Independent Bank Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our IBTX earnings forecast
.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) issued its quarterly earnings data on Tuesday, April, 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.03. The bank earned $213.93 million during the quarter, compared to analysts' expectations of $149.58 million. Independent Bank Group had a trailing twelve-month return on equity of 8.53% and a net margin of 14.09%. During the same period last year, the company earned $1.22 EPS.

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 Monday, April 24th. Investors of record on Thursday, May 4th will be paid a dividend of $0.38 per share on Thursday, May 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Wednesday, May 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 4.37%. IBTX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 58.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 36.54% 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.93%), FMR LLC (6.41%), Dimensional Fund Advisors LP (6.39%), State Street Corp (4.09%), American Century Companies Inc. (2.25%) and Geode Capital Management LLC (1.73%). Insiders that own company stock include Alicia Kuhn Harrison, Brenda K Montgomery, 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 S Haynie, Michael B Hobbs, Michelle S Hickox, Paul B Langdale 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 $34.79.

How much money does Independent Bank Group make?

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $1.44 billion and generates $706.48 million in revenue each year. The bank earns $196.29 million in net income (profit) each year or $2.60 on an earnings per share basis.

How many employees does Independent Bank Group have?

The company employs 1,547 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 5/28/2023 by MarketBeat.com Staff

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