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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IBTX shares.
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5 brokerages have issued 1-year price objectives for Independent Bank Group's stock. Their IBTX share price targets range from $44.00 to $61.00. On average, they anticipate the company's share price to reach $54.20 in the next year. This suggests a possible upside of 37.0% from the stock's current price.
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Independent Bank Group's stock was trading at $50.88 at the beginning of 2024. Since then, IBTX stock has decreased by 22.3% and is now trading at $39.55.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
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Independent Bank Group will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Independent Bank Group, Inc. (NASDAQ:IBTX) issued its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by $0.04. The bank earned $116.92 million during the quarter, compared to the consensus estimate of $123.83 million. Independent Bank Group had a trailing twelve-month return on equity of 5.76% and a net margin of 4.68%. Independent Bank Group's quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share.

Independent Bank Group declared a quarterly dividend on Thursday, January 18th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.38 per share on Thursday, February 15th. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, January 31st.
Read our dividend analysis for IBTX.

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.88%. The dividend payout ratio is 146.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IBTX will have a dividend payout ratio of 34.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

First Trust NASDAQ ABA Community Bank Index Fund holds 19,665 shares of IBTX stock, representing 1.10% of its portfolio.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Dominion Energy (D), Gilead Sciences (GILD), Huntington Bancshares (HBAN), ONEOK (OKE), QUALCOMM (QCOM) and Verizon Communications (VZ).

Independent Bank Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.85%), First Dallas Securities Inc. (0.06%), NBC Securities Inc. (0.00%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Brenda K Montgomery, Daniel W Brooks, David R Brooks, David R Brooks, G Stacy Smith, James C White, James C White, James P Tippit, John Webb Jennings III, Michael B Hobbs, Michelle S Hickox, Paul B Langdale and William E Fair.
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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.
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