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NASDAQ:IBTX

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

Independent Bank Group logo
$60.47 +0.19 (+0.32%)
(As of 05:26 PM ET)

About Independent Bank Group Stock (NASDAQ:IBTX)

Key Stats

Today's Range
$59.52
$60.60
50-Day Range
$57.02
$67.74
52-Week Range
$36.47
$68.66
Volume
172,540 shs
Average Volume
245,775 shs
Market Capitalization
$2.51 billion
P/E Ratio
N/A
Dividend Yield
2.51%
Price Target
$60.33
Consensus Rating
Moderate Buy

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.

Independent Bank Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
26th Percentile Overall Score

IBTX MarketRank™: 

Independent Bank Group scored higher than 26% of companies evaluated by MarketBeat, and ranked 830th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Independent Bank Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Independent Bank Group are expected to grow by 46.30% in the coming year, from $2.70 to $3.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Independent Bank Group is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Independent Bank Group is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Independent Bank Group has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    5.64% 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 10.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Independent Bank Group has recently increased by 4.66%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Independent Bank Group pays a meaningful dividend of 2.52%, 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 Sustainability

    Based on earnings estimates, Independent Bank Group will have a dividend payout ratio of 38.48% 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.
  • Percentage of Shares Shorted

    5.64% 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 10.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Independent Bank Group has recently increased by 4.66%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Independent Bank Group has a news sentiment score of 1.02. 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 0.71 average news sentiment score 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.
  • MarketBeat Follows

    1 people have added Independent Bank Group to their MarketBeat watchlist in the last 30 days.
  • 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.

  • Read more about Independent Bank Group's insider trading history.
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IBTX Stock News Headlines

$2B buyout of Independent Bank OK'd by regulators
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Independent Bank price target lowered to $63 from $66 at Truist
Independent Bank reports Q3 EPS 50c, consensus 68c
Independent Bank Group Inc.
See More Headlines

IBTX Stock Analysis - Frequently Asked Questions

Independent Bank Group's stock was trading at $50.88 on January 1st, 2024. Since then, IBTX stock has increased by 18.8% and is now trading at $60.47.
View the best growth stocks for 2024 here
.

Independent Bank Group, Inc. (NASDAQ:IBTX) announced its quarterly earnings results on Monday, October, 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.21. The bank earned $255.18 million during the quarter, compared to the consensus estimate of $124.48 million. Independent Bank Group had a positive trailing twelve-month return on equity of 4.49% and a negative net margin of 43.45%.

Top institutional investors of Independent Bank Group include FMR LLC (8.99%), State Street Corp (4.64%), Geode Capital Management LLC (2.12%) and The Manufacturers Life Insurance Company (1.31%). 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 and G Stacy Smith.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Independent Bank Group investors own include JPMorgan Chase & Co. (JPM), Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX) and Home Depot (HD).

Company Calendar

Last Earnings
10/21/2024
Ex-Dividend for 11/14 Dividend
10/31/2024
Dividend Payable
11/14/2024
Today
12/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$60.33
High Stock Price Target
$81.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$43.20 million
Pretax Margin
-41.41%

Debt

Sales & Book Value

Annual Sales
$471.74 million
Cash Flow
$3.76 per share
Book Value
$58.20 per share

Miscellaneous

Free Float
39,986,000
Market Cap
$2.50 billion
Optionable
Optionable
Beta
1.39

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This page (NASDAQ:IBTX) was last updated on 12/23/2024 by MarketBeat.com Staff
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