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: $59.76 to $61.32
• 50-Day Range: $59.34 to $67.74
• 52-Week Range: $36.47 to $68.66
• Volume: 1.55 million shs
• Average Volume: 249,738 shs
• Market Capitalization: $2.51 billion
• P/E Ratio: N/A
• Dividend Yield: 2.51%
• Price Target: $60.60
• Consensus Rating: Moderate Buy

IBTX Stock Analysis - Frequently Asked Questions

How were Independent Bank Group's earnings last quarter?

Independent Bank Group, Inc. (NASDAQ:IBTX) issued its earnings results on Monday, October, 21st. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.21. The bank earned $255.18 million during the quarter, compared to analysts' expectations 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%.

Who are Independent Bank Group's major shareholders?

Top institutional shareholders of Independent Bank Group include Vanguard Group Inc. (9.97%), FMR LLC (8.99%), Dimensional Fund Advisors LP (5.93%) and Capital Research Global Investors (4.29%). 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 and James C White.
View institutional ownership trends.

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 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
• Today: 2/21/2025
• Next Earnings (Estimated): 4/21/2025
• Fiscal Year End: 12/31/2025

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: 1,550
• Year Founded: 1864

Price Target and Rating

• Average Stock Price Target: $60.60
• 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): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($10.46)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 22.47
• P/E Growth: N/A
• Net Income: $43.20 million
• Net Margins: -43.45%
• Pretax Margin: -41.41%
• Return on Equity: 4.49%
• Return on Assets: 0.52%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $471.74 million
• Price / Sales: 5.33
• Cash Flow: $3.90 per share
• Price / Cash Flow: 15.56
• Book Value: $58.20 per share
• Price / Book: 1.04

Miscellaneous

• Outstanding Shares: 41,436,000
• Free Float: 39,986,000
• Market Cap: $2.51 billion
• Optionable: Optionable
• Beta: 1.39