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

Company Overview

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.

Key Stats

• Today's Range: $56.30 to $57.53
• 50-Day Range: $51.42 to $61.00
• 52-Week Range: $34.50 to $61.76
• Volume: 79,605 shs
• Average Volume: 246,479 shs
• Market Capitalization: $2.35 billion
• P/E Ratio: 22.42
• Dividend Yield: 2.68%
• Price Target: $58.33
• Consensus Rating: Moderate Buy

Independent Bank Group Stock Analysis - MarketRank™

Independent Bank Group scored higher than 57% of companies evaluated by MarketBeat, and ranked 594th out of 962 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Independent 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 Coverage

Independent Bank Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 32.52%

Earnings Growth

Earnings 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 Market

The P/E ratio of Independent Bank Group is 22.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank Group is 22.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.04.

Price to Book Value per Share Ratio

Independent Bank Group has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.50% of the float of Independent Bank Group has been sold short.

Short Interest Ratio / Days to Cover

Independent Bank Group has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Independent Bank Group has recently increased by 1.55%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Independent Bank Group pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Independent Bank Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Independent Bank Group is 60.08%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.50% of the float of Independent Bank Group has been sold short.

Short Interest Ratio / Days to Cover

Independent Bank Group has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Independent Bank Group has recently increased by 1.55%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Independent Bank Group has a news sentiment score of 0.63. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Independent Bank Group this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Independent Bank Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.50% of the stock of Independent Bank Group is held by insiders.

Percentage Held by Institutions

77.90% 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.

IBTX Stock Analysis - Frequently Asked Questions

How have IBTX shares performed this year?

Independent Bank Group's stock was trading at $50.88 on January 1st, 2024. Since then, IBTX shares have increased by 11.5% and is now trading at $56.72.
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 the consensus estimate of $0.58 by $0.02. The bank had revenue of $252.52 million for the quarter, compared to analyst estimates of $120.25 million. Independent Bank Group had a positive trailing twelve-month return on equity of 4.83% and a negative net margin of 43.02%.

Who are Independent Bank Group's major shareholders?

Independent Bank Group's top institutional investors 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).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 8/19 Dividend: 8/05/2024
• Dividend Payable: 8/19/2024
• Today: 9/27/2024
• Next Earnings (Confirmed): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:IBTX
• CUSIP: N/A
• CIK: 1564618
• Web: www.independent-bank.com
• Phone: (972) 562-9004
• Fax: N/A
• Employees: 1,517
• Year Founded: 1864

Price Target and Rating

• Average Stock Price Target: $58.33
• High Stock Price Target: $66.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: +3.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.53
• Trailing P/E Ratio: 22.38
• Forward P/E Ratio: 19.80
• P/E Growth: N/A
• Net Income: $43.20 million
• Net Margins: -43.02%
• Pretax Margin: -40.65%
• Return on Equity: 4.83%
• Return on Assets: 0.58%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $474.19 million
• Price / Sales: 4.94
• Cash Flow: $4.07 per share
• Price / Cash Flow: 13.92
• Book Value: $58.20 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 41,379,000
• Free Float: 39,931,000
• Market Cap: $2.34 billion
• Optionable: Optionable
• Beta: 1.38