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NASDAQ:IBTXIndependent Bank Group Stock Price, Forecast & News

$42.88
+3.62 (+9.22 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$41.48
Now: $42.88
$44.03
50-Day Range
$22.62
MA: $29.96
$39.26
52-Week Range
$20.35
Now: $42.88
$63.16
Volume1.44 million shs
Average Volume1.01 million shs
Market Capitalization$1.85 billion
P/E Ratio9.22
Dividend Yield2.55%
Beta1.94
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. In addition, it offers debit cards, online and mobile banking, eStatement, 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, 2018, the company operated 73 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.67 out of 5 stars


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$5.12 per share
Book Value$54.47 per share

Profitability

Net Income$192.74 million

Miscellaneous

Employees1,469
Market Cap$1.85 billion
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Independent Bank Group (NASDAQ:IBTX) Frequently Asked Questions

How has Independent Bank Group's stock been impacted by COVID-19 (Coronavirus)?

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IBTX shares have increased by 32.4% and is now trading at $42.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Independent Bank Group?

5 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Independent Bank Group.

When is Independent Bank Group's next earnings date?

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Independent Bank Group.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group Inc (NASDAQ:IBTX) issued its earnings results on Monday, April, 27th. The bank reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by $0.03. The bank had revenue of $137.75 million for the quarter, compared to the consensus estimate of $140.70 million. Independent Bank Group had a return on equity of 9.10% and a net margin of 27.36%. View Independent Bank Group's earnings history.

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 Wednesday, April 29th. Shareholders of record on Monday, May 11th will be given a dividend of $0.25 per share on Thursday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, May 8th. View Independent Bank Group's dividend history.

What price target have analysts set for IBTX?

5 brokers have issued 1-year target prices for Independent Bank Group's stock. Their forecasts range from $35.00 to $61.00. On average, they anticipate Independent Bank Group's share price to reach $43.80 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price. View analysts' price targets for Independent Bank Group.

Has Independent Bank Group been receiving favorable news coverage?

Press coverage about IBTX stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independent Bank Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutIndependent Bank Group.

Are investors shorting Independent Bank Group?

Independent Bank Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,030,000 shares, an increase of 39.0% from the April 30th total of 3,620,000 shares. Based on an average trading volume of 740,500 shares, the days-to-cover ratio is presently 6.8 days. Approximately 14.1% of the company's shares 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), AbbVie (ABBV), Alibaba Group (BABA), Verizon Communications (VZ), Wells Fargo & Co (WFC), Amgen (AMGN), Dominion Energy (D), Enbridge (ENB) and Gilead Sciences (GILD).

Who are Independent Bank Group's key executives?

Independent Bank Group's management team includes the following 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)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.84%), State Street Corp (2.50%), Basswood Capital Management L.L.C. (1.60%), Alliancebernstein L.P. (1.43%), Geode Capital Management LLC (1.26%) and Wellington Management Group LLP (1.23%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, James C White, John Webb Jennings III, Mark K Gormley, Michelle S Hickox, Paul W Taylor and William E Fair. 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 BlackRock Inc., New York State Common Retirement Fund, Morgan Stanley, Bank of New York Mellon Corp, Alliancebernstein L.P., Squarepoint Ops LLC, JPMorgan Chase & Co., and State Street Corp. Company insiders that have sold Independent Bank Group company stock in the last year include James C White, Mark K Gormley, and Michelle S Hickox. View insider buying and selling activity for Independent Bank Group.

Which major investors are buying Independent Bank Group stock?

IBTX stock was bought by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., Wellington Management Group LLP, Davis Capital Partners LLC, Balyasny Asset Management LLC, Nuveen Asset Management LLC, Stieven Capital Advisors L.P., Two Sigma Investments LP, and ClariVest Asset Management 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 William E Fair. View insider buying and selling activity 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 $42.88.

How big of a company is Independent Bank Group?

Independent Bank Group has a market capitalization of $1.85 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 1,469 workers across the globe.

What is Independent Bank Group's official website?

The official website for Independent Bank Group is 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.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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