NASDAQ:IBTX Independent Bank Group - IBTX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Independent Bank Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $46.70 -0.12 (-0.26%) (As of 03/29/2023 12:45 PM ET) Add Compare Share Share Today's Range$46.38▼$48.1350-Day Range$44.05▼$65.2252-Week Range$42.94▼$76.44Volume76,727 shsAverage Volume221,927 shsMarket Capitalization$1.92 billionP/E Ratio9.96Dividend Yield3.25%Price Target$69.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Independent Bank Group MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside48.8% Upside$69.50 Price TargetShort InterestN/ADividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.27Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth5.85%From $4.79 to $5.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.88 out of 5 starsFinance Sector197th out of 892 stocksState Commercial Banks Industry61st out of 188 stocks 3.4 Analyst's Opinion Consensus RatingIndependent Bank Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $69.50, Independent Bank Group has a forecasted upside of 48.8% from its current price of $46.70.Amount of Analyst CoverageIndependent Bank Group has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IBTX. Previous Next 3.3 Dividend Strength Dividend YieldIndependent Bank Group pays a meaningful dividend of 3.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependent Bank Group has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Independent Bank Group is 32.41%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank Group will have a dividend payout ratio of 29.98% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBTX. Previous Next 2.9 News and Social Media Coverage News SentimentIndependent Bank Group has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Independent Bank Group this week, compared to 1 article on an average week.Search Interest10 people have searched for IBTX on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.MarketBeat Follows4 people have added Independent Bank Group to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.30% of the stock of Independent Bank Group is held by insiders.Percentage Held by Institutions75.83% of the stock of Independent Bank Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Independent Bank Group are expected to grow by 5.85% in the coming year, from $4.79 to $5.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank Group is 9.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank Group is 9.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 138.37.Price to Book Value per Share RatioIndependent Bank Group has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Independent Bank Group (NASDAQ:IBTX) StockIndependent 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.Read More Receive IBTX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank Group and its competitors with MarketBeat's FREE daily newsletter. Email Address IBTX Stock News HeadlinesMarch 24, 2023 | americanbankingnews.comIndependent Bank Group (NASDAQ:IBTX) Price Target Cut to $53.00 by Analysts at Truist FinancialMarch 23, 2023 | americanbankingnews.comHead-To-Head Review: Chemung Financial (NASDAQ:CHMG) and Independent Bank Group (NASDAQ:IBTX)March 29, 2023 | Investing Daily (Ad)A 100% Win Rate In 2022…The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. February 27, 2023 | reuters.comTD, other banks reach $1.35 bln settlements to end Stanford litigationJanuary 27, 2023 | seekingalpha.comIndependent Bank Group Working Through A Challenging BottleneckJanuary 26, 2023 | finance.yahoo.comIndependent Bank expects loan growth to slow in 2023 due to economic uncertainty, high interest ratesJanuary 23, 2023 | finance.yahoo.comIndependent Bank Group, Inc. Reports Fourth Quarter Financial Results, Declares Quarterly Dividend, and Announces Share Repurchase PlanJanuary 11, 2023 | finance.yahoo.comIndependent Bank Group, Inc. Announces Date for Q4 2022 Earnings CallMarch 29, 2023 | Investing Daily (Ad)A 100% Win Rate In 2022…The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. October 25, 2022 | finance.yahoo.comIndependent Bank Group, Inc. Reports Third Quarter Financial Results and Declares Quarterly DividendOctober 19, 2022 | finance.yahoo.comIndependent Bank Group (NASDAQ:IBTX) jumps 6.7% this week, though earnings growth is still tracking behind three-year shareholder returnsSeptember 7, 2022 | nasdaq.comIndependent Bank Group Becomes OversoldSeptember 6, 2022 | finance.yahoo.comIndependent Financial Appoints Dan Strodel as Chief Banking OfficerAugust 19, 2022 | finance.yahoo.comWhy Independent Bank Group (IBTX) is a Great Dividend Stock Right NowAugust 3, 2022 | finance.yahoo.comWhy Independent Bank Group (IBTX) is a Top Dividend Stock for Your PortfolioAugust 1, 2022 | finance.yahoo.comIndependent Financial appoints new CFOAugust 1, 2022 | nasdaq.comEx-Dividend Reminder: Northwest Bancshares, S & T Bancorp and Independent Bank GroupJuly 29, 2022 | finance.yahoo.comIndependent Bank Group, Inc. Appoints Paul Langdale as Chief Financial OfficerJuly 28, 2022 | finance.yahoo.comIndependent Financial adds middle market bankers one year after strategy launchJuly 26, 2022 | nasdaq.comHere's Why Independent Bank Group (IBTX) is a Great Momentum Stock to BuyJuly 25, 2022 | finance.yahoo.comIndependent Bank Group, Inc. Reports Second Quarter Financial Results and Declares Quarterly DividendJuly 25, 2022 | finance.yahoo.comIndependent Bank Group (IBTX) Q2 Earnings and Revenues Surpass EstimatesJuly 1, 2022 | uk.finance.yahoo.comThis is Why Independent Bank Group (IBTX) is a Great Dividend StockJune 30, 2022 | finance.yahoo.comThis is Why Independent Bank Group (IBTX) is a Great Dividend StockMay 27, 2022 | nasdaq.comBullish Two Hundred Day Moving Average Cross - IBTXMay 18, 2022 | finance.yahoo.com3 Stocks to Buy (And 4 to Skip) in This Small-Cap Value ETFMay 5, 2022 | bizjournals.comIndependent Bank Group announces leadership changesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IBTX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank Group and its competitors with MarketBeat's FREE daily newsletter. Email Address IBTX Company Calendar Last Earnings1/24/2023Ex-Dividend for 2/16 Dividend2/03/2023Dividend Payable2/16/2023Today3/29/2023Next Earnings (Estimated)4/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:IBTX CUSIPN/A CIK1564618 Webwww.independent-bank.com Phone(972) 562-9004FaxN/AEmployees1,547Year Founded1864Price Target and Rating Average Stock Price Forecast$69.50 High Stock Price Forecast$80.00 Low Stock Price Forecast$53.00 Forecasted Upside/Downside+48.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.69 Trailing P/E Ratio9.99 Forward P/E Ratio9.78 P/E GrowthN/ANet Income$196.29 million Net Margins27.78% Pretax Margin34.86% Return on Equity8.72% Return on Assets1.16% Debt Debt-to-Equity Ratio0.26 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$706.48 million Price / Sales2.73 Cash Flow$5.81 per share Price / Cash Flow8.06 Book Value$57.90 per share Price / Book0.81Miscellaneous Outstanding Shares41,170,000Free Float39,810,000Market Cap$1.93 billion OptionableOptionable Beta1.40 Social Links Key ExecutivesDavid R. BrooksChairman & Chief Executive OfficerMichael B. HobbsPresident & Chief Operating OfficerPaul B. LangdaleChief Financial Officer & Executive Vice PresidentBill WadeChief Information Officer & Executive VPMark S. HaynieExecutive Vice President & General CounselKey CompetitorsHilltopNYSE:HTHTowneBankNASDAQ:TOWNBannerNASDAQ:BANRBank of HawaiiNYSE:BOHEnterprise Financial ServicesNASDAQ:EFSCView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 661 shares on 3/23/2023Ownership: 0.046%Macquarie Group Ltd.Bought 17,686 shares on 2/21/2023Ownership: 1.681%Alliancebernstein L.P.Bought 2,276 shares on 2/16/2023Ownership: 1.341%Chartwell Investment Partners LLCSold 2,557 shares on 2/16/2023Ownership: 0.436%Point72 Middle East FZEBought 897 shares on 2/16/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions IBTX Stock - Frequently Asked Questions Should I buy or sell Independent Bank Group stock right now? 4 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 3 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month target prices for Independent Bank Group's shares. Their IBTX share price forecasts range from $53.00 to $80.00. On average, they expect the company's stock price to reach $69.50 in the next year. This suggests a possible upside of 48.4% 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 start of the year. Since then, IBTX shares have decreased by 22.1% and is now trading at $46.82. 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, April 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 results on Tuesday, January, 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.08. The bank earned $201 million during the quarter, compared to the consensus estimate of $161.40 million. Independent Bank Group had a trailing twelve-month return on equity of 8.72% and a net margin of 27.78%. During the same period in the previous year, the company posted $1.28 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, January 23rd. Stockholders of record on Monday, February 6th will be given a dividend of $0.38 per share on Thursday, February 16th. This represents a $1.52 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, February 3rd. Read our dividend analysis for IBTX. What ETFs hold Independent Bank Group's stock? ETFs with the largest weight of Independent Bank Group (NASDAQ:IBTX) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Low Volatility ETF (XSLV), Qraft AI-Enhanced Next Value ETF (NVQ), Vanguard S&P Small-Cap 600 Value ETF (VIOV), SPDR S&P 600 Small CapValue ETF (SLYV), iShares S&P Small-Cap 600 Value ETF (IJS) and SPDR S&P Regional Banking ETF (KRE). 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 3.33%. 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 32.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 29.98% 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 many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.25%), T. Rowe Price Investment Management Inc. (3.32%), American Century Companies Inc. (2.63%), Macquarie Group Ltd. (1.68%), Geode Capital Management LLC (1.67%) and Alliancebernstein L.P. (1.34%). 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 S Haynie, Michael B Hobbs and Michelle S Hickox. 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 $46.82. How much money does Independent Bank Group make? Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $1.93 billion and generates $706.48 million in revenue each year. The bank earns $196.29 million in net income (profit) each year or $4.69 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 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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