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

$43.94
+0.76 (+1.76%)
(As of 05/17/2024 ET)
Today's Range
$43.06
$44.10
50-Day Range
$37.24
$45.78
52-Week Range
$32.24
$53.25
Volume
227,269 shs
Average Volume
229,032 shs
Market Capitalization
$1.82 billion
P/E Ratio
17.37
Dividend Yield
3.46%
Price Target
$48.33

Independent Bank Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.0% Upside
$48.33 Price Target
Short Interest
Bearish
6.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
51.71%
From $2.63 to $3.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Finance Sector

155th out of 877 stocks

State Commercial Banks Industry

34th out of 178 stocks

IBTX stock logo

About Independent Bank Group Stock (NASDAQ:IBTX)

Independent Bank Group, Inc., through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, 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, such as SBA guaranteed loans, business term loans, 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, as well as mortgage warehouse purchase loans. In addition, it offers debit and credit cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; wealth management services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. The company was incorporated in 2002 and is headquartered in McKinney, Texas.

IBTX Stock Price History

IBTX Stock News Headlines

Independent Bank Group Inc
KBW Gives a Buy Rating to Independent Bank Group (IBTX)
Independent Bank Group: Q1 Earnings Snapshot
Assessing Independent Bank Gr: Insights From 5 Financial Analysts
Independent Bank Group: Holding The Line For Now
IBTX Feb 2024 45.000 call
Independent Bank Group, Inc. (IBTX)
Cracking The Code: Understanding Analyst Reviews For Independent Bank Gr
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Ex-Dividend for 5/16 Dividend
5/01/2024
Dividend Payable
5/16/2024
Today
5/17/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:IBTX
Fax
N/A
Employees
1,517
Year Founded
1864

Price Target and Rating

Average Stock Price Target
$48.33
High Stock Price Target
$59.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+12.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$43.20 million
Pretax Margin
13.77%

Debt

Sales & Book Value

Annual Sales
$922.84 million
Cash Flow
$4.21 per share
Book Value
$58.02 per share

Miscellaneous

Free Float
39,972,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.36

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IBTX Stock Analysis - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IBTX shares.
View IBTX analyst ratings
or view top-rated stocks.

What is Independent Bank Group's stock price target for 2024?

6 analysts have issued 1 year target prices for Independent Bank Group's stock. Their IBTX share price targets range from $38.00 to $59.00. On average, they anticipate the company's stock price to reach $48.33 in the next twelve months. This suggests a possible upside of 10.0% 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 2024?

Independent Bank Group's stock was trading at $50.88 on January 1st, 2024. Since then, IBTX shares have decreased by 13.6% and is now trading at $43.94.
View the best growth stocks for 2024 here
.

When is Independent Bank Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our IBTX earnings forecast
.

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) released its quarterly earnings data on Tuesday, April, 23rd. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The bank had revenue of $119.10 million for the quarter, compared to the consensus estimate of $121.39 million. Independent Bank Group had a net margin of 10.96% and a trailing twelve-month return on equity of 4.97%. Independent Bank Group's revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 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, April 22nd. Investors of record on Thursday, May 2nd will be given a dividend of $0.38 per share on Thursday, May 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Wednesday, May 1st.
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 3.53%. The dividend payout ratio is 60.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 38.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

What ETF holds Independent Bank Group's stock?

First Trust NASDAQ ABA Community Bank Index Fund holds 17,381 shares of IBTX stock, representing 1.03% of its portfolio.

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).

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 investors include Vanguard Group Inc. (10.06%), Hodges Capital Management Inc. (0.85%), Bessemer Group Inc. (0.55%), Principal Financial Group Inc. (0.45%), Peregrine Capital Management LLC (0.39%) and Empowered Funds LLC (0.27%). Insiders that own company stock include Brenda K Montgomery, Daniel W Brooks, David R Brooks, David R Brooks, G Stacy Smith, James C White, James C White, James P Tippit, John Webb Jennings III, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IBTX) was last updated on 5/17/2024 by MarketBeat.com Staff

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