NASDAQ:IBTX Independent Bank Group (IBTX) Stock Price, News & Analysis $55.86 -1.30 (-2.27%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$55.57▼$57.9150-Day Range$44.70▼$59.5952-Week Range$34.50▼$60.53Volume130,163 shsAverage Volume251,309 shsMarket Capitalization$2.31 billionP/E Ratio22.08Dividend Yield2.72%Price Target$58.17 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/Downside4.1% Upside$58.17 Price TargetShort InterestBearish5.00% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.60Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth32.52%From $2.86 to $3.79 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.1.83 out of 5 starsFinance Sector657th out of 871 stocksState Commercial Banks Industry141st out of 177 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 2 research reports in the past 90 days.Read more about Independent Bank Group's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.00% 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 7.Change versus previous monthShort interest in Independent Bank Group has recently increased by 1.13%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldIndependent Bank Group pays a meaningful dividend of 2.61%, 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 40.11% 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 2.0 News and Social Media Coverage News SentimentIndependent Bank Group has a news sentiment score of 0.60. 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 lower news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Independent Bank Group this week, compared to 2 articles on an average week. 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 32.52% in the coming year, from $2.86 to $3.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank Group is 22.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank Group is 22.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.96.Price to Book Value per Share RatioIndependent Bank Group has a P/B Ratio of 1.22. 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 Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. 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 HeadlinesSeptember 4 at 3:21 AM | americanbankingnews.comIndependent Bank Group (NASDAQ:IBTX) Coverage Initiated by Analysts at StockNews.comAugust 27, 2024 | wsj.comIndependent Bank Group Inc.September 7, 2024 | Paradigm Press (Ad) Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.August 18, 2024 | finance.yahoo.comIBTX Sep 2024 55.000 call (IBTX240920C00055000)August 16, 2024 | uk.investing.comIndependent Bank Group Shareholders Approve MergerAugust 7, 2024 | nasdaq.comIndependent Bank Group (IBTX) Passes Through 3% Yield MarkJuly 29, 2024 | benzinga.comDecoding 5 Analyst Evaluations For Independent Bank GrJuly 26, 2024 | uk.finance.yahoo.comQ2 2024 SouthState Corp Earnings CallSeptember 7, 2024 | Paradigm Press (Ad) Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.July 26, 2024 | marketwatch.comFortune Brands Innovations Inc. stock rises Friday, outperforms marketMay 29, 2024 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Palomar Holdings (PLMR) and Independent Bank Group (IBTX)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 StocksSee 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 Last Earnings7/24/2024Ex-Dividend for 8/19 Dividend8/05/2024Dividend Payable8/19/2024Today9/07/2024Next Earnings (Estimated)10/28/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:IBTX CUSIPN/A CIK1564618 Webwww.independent-bank.com Phone(972) 562-9004FaxN/AEmployees1,517Year Founded1864Price Target and Rating Average Stock Price Target$58.17 High Stock Price Target$66.00 Low Stock Price Target$46.00 Potential Upside/Downside+4.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.53 Trailing P/E Ratio22.08 Forward P/E Ratio19.53 P/E GrowthN/ANet Income$43.20 million Net Margins-43.02% Pretax Margin-40.65% Return on Equity4.83% Return on Assets0.58% Debt Debt-to-Equity Ratio0.25 Current Ratio0.96 Quick Ratio0.96 Sales & Book Value Annual Sales$474.19 million Price / Sales4.87 Cash Flow$4.05 per share Price / Cash Flow13.78 Book Value$45.78 per share Price / Book1.22Miscellaneous Outstanding Shares41,379,000Free Float39,931,000Market Cap$2.31 billion OptionableOptionable Beta1.41 Social Links The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.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 CompetitorsCVB FinancialNASDAQ:CVBFBank of HawaiiNYSE:BOHTexas Capital BancsharesNASDAQ:TCBIFirst Interstate BancSystemNASDAQ:FIBKInvestors BancorpNASDAQ:ISBCView All CompetitorsInstitutional OwnershipSilver Lake Advisory LLCBought 120,636 shares on 8/16/2024Ownership: 0.292%Water Island Capital LLCBought 17,710 shares on 8/16/2024Ownership: 0.043%The Manufacturers Life Insurance Company Sold 167,611 shares on 8/15/2024Ownership: 1.468%Millennium Management LLCSold 387,986 shares on 8/15/2024Ownership: 0.463%AQR Capital Management LLCBought 4,662 shares on 8/15/2024Ownership: 0.011%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 beginning of the year. Since then, IBTX shares have increased by 9.8% and is now trading at $55.86. View the best growth stocks for 2024 here. How were Independent Bank Group's earnings last quarter? Independent Bank Group, Inc. (NASDAQ:IBTX) released its earnings results on Wednesday, July, 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The bank earned $252.52 million during the quarter, compared to analyst estimates of $120.25 million. Independent Bank Group had a negative net margin of 43.02% and a positive trailing twelve-month return on equity of 4.83%. 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 Dimensional Fund Advisors LP (5.60%), The Manufacturers Life Insurance Company (1.47%), Bank of New York Mellon Corp (1.04%) and Magnetar Financial LLC (0.75%). 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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