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NASDAQ:IBTX

Independent Bank Group - IBTX Stock Forecast, Price & News

$46.70
-0.12 (-0.26%)
(As of 03/29/2023 12:45 PM ET)
Add
Compare
Today's Range
$46.38
$48.13
50-Day Range
$44.05
$65.22
52-Week Range
$42.94
$76.44
Volume
76,727 shs
Average Volume
221,927 shs
Market Capitalization
$1.92 billion
P/E Ratio
9.96
Dividend Yield
3.25%
Price Target
$69.50

Independent Bank Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
48.8% Upside
$69.50 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Independent Bank Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.85%
From $4.79 to $5.07 Per Share

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 stars

Finance Sector

197th out of 892 stocks

State Commercial Banks Industry

61st out of 188 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

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. pixel
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. pixel
Independent Bank Group Becomes Oversold
Independent Financial appoints new CFO
See More Headlines
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IBTX Company Calendar

Last Earnings
1/24/2023
Ex-Dividend for 2/16 Dividend
2/03/2023
Dividend Payable
2/16/2023
Today
3/29/2023
Next Earnings (Estimated)
4/24/2023
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
$69.50
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+48.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$196.29 million
Pretax Margin
34.86%

Debt

Sales & Book Value

Annual Sales
$706.48 million
Cash Flow
$5.81 per share
Book Value
$57.90 per share

Miscellaneous

Free Float
39,810,000
Market Cap
$1.93 billion
Optionable
Optionable
Beta
1.40

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
    Executive Vice President & General Counsel













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
.

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