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NASDAQ:IBTX - Independent Bank Group Stock Price, Forecast & News

$54.82
-1.84 (-3.25 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$54.59
Now: $54.82
$56.34
50-Day Range
$52.19
MA: $54.46
$56.66
52-Week Range
$47.58
Now: $54.82
$63.16
Volume350,370 shs
Average Volume388,738 shs
Market Capitalization$2.35 billion
P/E Ratio12.26
Dividend Yield1.76%
Beta1.36
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 offers various deposit products, including 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 financing, and 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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:IBTX
CUSIPN/A
Phone972-562-9004

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$731.11 million
Cash Flow$4.32 per share
Book Value$52.50 per share

Profitability

Net Income$192.74 million

Miscellaneous

Employees1,087
Market Cap$2.35 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Wednesday, January 29th. Investors of record on Monday, February 10th will be paid a dividend of $0.25 per share on Thursday, February 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, February 7th. View Independent Bank Group's Dividend History.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group Inc (NASDAQ:IBTX) released its earnings results on Monday, January, 27th. The bank reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.03. The bank had revenue of $146.30 million for the quarter, compared to the consensus estimate of $141.55 million. Independent Bank Group had a return on equity of 9.71% and a net margin of 26.36%. View Independent Bank Group's Earnings History.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Independent Bank Group.

What price target have analysts set for IBTX?

4 analysts have issued 1-year price objectives for Independent Bank Group's stock. Their forecasts range from $60.00 to $61.00. On average, they expect Independent Bank Group's stock price to reach $60.50 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Independent Bank Group.

What is the consensus analysts' recommendation for Independent Bank Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank Group.

Has Independent Bank Group been receiving favorable news coverage?

News stories about IBTX stock have trended very negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank Group earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Independent Bank Group.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 941,500 shares, an increase of 19.2% from the January 15th total of 790,100 shares. Based on an average trading volume of 365,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the shares of the stock are sold short. View Independent Bank Group's Current Options Chain.

Who are some of Independent Bank Group's key competitors?

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), Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Netflix (NFLX), NVIDIA (NVDA), QUALCOMM (QCOM), Enbridge (ENB) and Energy Transfer LP Unit (ET).

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 60)
  • Mr. Daniel W. Brooks, Vice Chairman & Chief Risk Officer (Age 59)
  • Ms. Michelle S. Hickox, Exec. VP & CFO (Age 51)
  • Mr. James C. White, Exec. VP & COO (Age 54)
  • Mr. Brian E. Hobart, Vice Chairman & Chief Lending Officer (Age 53)

Who are Independent Bank Group's major shareholders?

Independent Bank Group's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (2.56%), Alliancebernstein L.P. (1.58%), Geode Capital Management LLC (1.22%), Goldman Sachs Group Inc. (1.17%), Renaissance Technologies LLC (1.08%) and Investment Counselors of Maryland LLC (0.95%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, Douglas A Cifu, G Stacy Smith, James C White, Jan C Webb, John Webb Jennings III, Mark K Gormley, Michelle S Hickox and Paul W Taylor. View Institutional Ownership Trends for Independent Bank Group.

Which institutional investors are selling Independent Bank Group stock?

IBTX stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Fred Alger Management LLC, Mendon Capital Advisors Corp, Elizabeth Park Capital Advisors Ltd., Summit Creek Advisors LLC, Hodges Capital Management Inc., Marshall Wace LLP and Royce & Associates LP. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith, Mark K Gormley, Michelle S Hickox and Paul W Taylor. View Insider Buying and Selling for Independent Bank Group.

Which institutional investors are buying Independent Bank Group stock?

IBTX stock was bought by a variety of institutional investors in the last quarter, including CNH Partners LLC, Renaissance Technologies LLC, Public Sector Pension Investment Board, New York State Common Retirement Fund, GAM Holding AG, State Street Corp, Wedge Capital Management L L P NC and Cubist Systematic Strategies LLC. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, John Webb Jennings III and Michelle S Hickox. 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, Robinhood, Fidelity and Charles Schwab.

What is Independent Bank Group's stock price today?

One share of IBTX stock can currently be purchased for approximately $54.82.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $2.35 billion and generates $731.11 million in revenue each year. The bank earns $192.74 million in net income (profit) each year or $5.08 on an earnings per share basis. Independent Bank Group employs 1,087 workers across the globe.View Additional Information About Independent Bank Group.

What is Independent Bank Group's official website?

The official website for Independent Bank Group is http://www.independent-bank.com/.

How can I contact Independent Bank Group?

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The bank can be reached via phone at 972-562-9004.


MarketBeat Community Rating for Independent Bank Group (NASDAQ IBTX)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  392 (Vote Underperform)
Total Votes:  640
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.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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