NASDAQ:IBTX Independent Bank Group (IBTX) Stock Price, News & Analysis $59.59 +1.42 (+2.44%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$58.35▼$59.6950-Day Range$42.07▼$58.1752-Week Range$34.50▼$59.71Volume283,741 shsAverage Volume266,630 shsMarket Capitalization$2.47 billionP/E Ratio23.55Dividend Yield2.55%Price Target$53.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Independent Bank Group alerts: Email Address Independent Bank Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside9.7% Downside$53.83 Price TargetShort InterestBearish4.84% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.88Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth56.25%From $2.56 to $4.00 Per ShareSee Full Details Hide Full Details 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.2.70 out of 5 starsFinance Sector523rd out of 898 stocksState Commercial Banks Industry117th out of 181 stocks 1.3 Analyst's Opinion Consensus RatingIndependent Bank Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageIndependent Bank Group has only been the subject of 3 research reports in the past 90 days.Read more about Independent Bank Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.84% of the float of Independent Bank Group has been sold short.Short Interest Ratio / Days to CoverIndependent Bank Group has a short interest ratio ("days to cover") of 5.4.Change versus previous month Previous Next 2.5 Dividend Strength Dividend YieldIndependent Bank Group pays a meaningful dividend of 2.76%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependent Bank Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Independent Bank Group is 60.08%. 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 38.00% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.Read more about Independent Bank Group's 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 3.3 News and Social Media Coverage News SentimentIndependent Bank Group has a news sentiment score of 0.88. 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 higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Independent Bank Group this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Independent Bank Group to their MarketBeat watchlist in the last 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 3.50% of the stock of Independent Bank Group is held by insiders.Percentage Held by Institutions77.90% 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.Read more about Independent Bank Group's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Independent Bank Group are expected to grow by 56.25% in the coming year, from $2.56 to $4.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank Group is 23.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank Group is 23.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.56.Price to Book Value per Share RatioIndependent Bank Group has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independent Bank Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyKiss of death from Joe BidenI did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.I have uncovered a bombshell that changes everything… and threatens everything. 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.Read More IBTX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IBTX Stock News HeadlinesJuly 26 at 11:24 PM | uk.finance.yahoo.comQ2 2024 SouthState Corp Earnings CallJuly 26 at 6:22 PM | marketwatch.comFortune Brands Innovations Inc. stock rises Friday, outperforms marketJuly 27, 2024 | Stansberry Research (Ad)Former Hedge Fund Manager Issues Crash PredictionOur No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.July 26 at 1:31 AM | americanbankingnews.comIndependent Bank Group (NASDAQ:IBTX) and S&T Bancorp (NASDAQ:STBA) Head to Head ReviewJuly 25 at 1:25 AM | americanbankingnews.comIndependent Bank Group (NASDAQ:IBTX) Coverage Initiated at StockNews.comJuly 22, 2024 | americanbankingnews.comIndependent Bank Group, Inc. (NASDAQ:IBTX) Receives $53.83 Average Target Price from AnalystsJuly 17, 2024 | americanbankingnews.comIndependent Bank Group (NASDAQ:IBTX) Research Coverage Started at StockNews.comMay 29, 2024 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Palomar Holdings (PLMR) and Independent Bank Group (IBTX)July 27, 2024 | Stansberry Research (Ad)Former Hedge Fund Manager Issues Crash PredictionOur No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.May 22, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Independent Bank Group, Inc. - IBTXMay 20, 2024 | prnewswire.comALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Independent Bank Group, Inc.May 20, 2024 | finance.yahoo.comUS Growth Companies With High Insider Ownership And Up To 20% Revenue GrowthMay 20, 2024 | businesswire.comIBTX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Independent Bank Group, Inc. Is Fair to ShareholdersMay 20, 2024 | prnewswire.comSouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.May 9, 2024 | morningstar.comIndependent Bank Group IncMay 3, 2024 | investorplace.comStock Market Crash Warning: Don't Get Caught Holding These 3 Financial StocksApril 27, 2024 | finance.yahoo.comIndependent Bank Group's (NASDAQ:IBTX) Dividend Will Be $0.38April 26, 2024 | finance.yahoo.comIndependent Bank Group First Quarter 2024 Earnings: Misses ExpectationsSee More Headlines 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 Company Calendar Ex-Dividend for 5/16 Dividend5/01/2024Dividend Payable5/16/2024Last Earnings7/24/2024Today7/26/2024Ex-Dividend for 8/19 Dividend8/05/2024Dividend Payable8/19/2024Next Earnings (Estimated)10/28/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:IBTX CUSIPN/A CIK1564618 Webwww.independent-bank.com Phone(972) 562-9004FaxN/AEmployees1,517Year Founded1864Price Target and Rating Average Stock Price Target$53.83 High Stock Price Target$59.00 Low Stock Price Target$46.00 Potential Upside/Downside-9.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.53 Trailing P/E Ratio23.55 Forward P/E Ratio23.28 P/E GrowthN/ANet Income$43.20 million Net Margins-43.02% Pretax Margin13.77% Return on Equity4.58% Return on Assets0.58% Debt Debt-to-Equity Ratio0.23 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$922.84 million Price / Sales2.67 Cash Flow$4.57 per share Price / Cash Flow13.05 Book Value$58.20 per share Price / Book1.02Miscellaneous Outstanding Shares41,380,000Free Float39,931,000Market Cap$2.47 billion OptionableOptionable Beta1.41 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. David R. Brooks (Age 65)Chairman of the Board & CEO Comp: $2.3MMr. Michael B. Hobbs (Age 61)President & COO Comp: $1.16MMr. Paul B. Langdale (Age 37)Executive VP & CFO Comp: $1.04MMr. John G. Turpen (Age 55)Executive VP & Chief Risk Officer Comp: $883.63kBrenda K. MontgomeryChief Accounting OfficerMr. Bill WadeEVP & Chief Information OfficerPeggy SmolenSenior Vice President of Marketing & CommunicationsMr. James P. Tippit (Age 52)Executive Vice President of Corporate Responsibility Comp: $968.72kMs. Leslie BesedaSenior VP & Director of Financial ReportingMr. Charles CartwrightSenior Vice President SBA Business Development OfficerMore ExecutivesKey CompetitorsInvestors BancorpNASDAQ:ISBCWestern Alliance BancorporationNYSE:WALCommerce BancsharesNASDAQ:CBSHPopularNASDAQ:BPOPSouthStateNASDAQ:SSBView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpSold 324 shares on 7/26/2024Ownership: 1.040%Townsend Asset Management Corp NC ADVBought 5,060 shares on 7/26/2024Ownership: 0.012%Louisiana State Employees Retirement SystemBought 300 shares on 7/24/2024Ownership: 0.044%Hennessy Advisors Inc.Bought 5,000 shares on 7/23/2024Ownership: 0.012%Silver Lake Advisory LLCBought 120,636 shares on 7/18/2024Ownership: 0.292%View All Institutional Transactions IBTX Stock Analysis - Frequently Asked Questions How have IBTX shares performed this year? Independent Bank Group's stock was trading at $50.88 at the start of the year. Since then, IBTX stock has increased by 17.1% and is now trading at $59.59. View the best growth stocks for 2024 here. How were Independent Bank Group's earnings last quarter? Independent Bank Group, Inc. (NASDAQ:IBTX) issued its quarterly earnings results on Wednesday, July, 24th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The bank had revenue of $252.52 million for the quarter, compared to the consensus estimate of $120.25 million. Independent Bank Group had a positive trailing twelve-month return on equity of 4.58% and a negative net margin of 43.02%. 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. Who are Independent Bank Group's major shareholders? Top institutional investors of Independent Bank Group include Bank of New York Mellon Corp (1.04%), Silver Lake Advisory LLC (0.29%), Howard Financial Services LTD. (0.07%) and Louisiana State Employees Retirement System (0.04%). Insiders that own company stock include David R Brooks, David R Brooks, William E Fair, Daniel W Brooks, John Webb Jennings III, Michael B Hobbs, James P Tippit, Paul B Langdale, Brenda K Montgomery, James C White, G Stacy Smith 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Independent Bank Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independent Bank Group investors own include Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Dominion Energy (D), Gilead Sciences (GILD) and Huntington Bancshares (HBAN). This page (NASDAQ:IBTX) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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