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Independent Bank Group (IBTX)
NASDAQ:IBTX
Independent Bank Group (IBTX) Stock Price & Analysis
110 Followers
IBTX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.90 - $56.11
Previous Close$54.09
Volume189.21K
Average Volume (3M)320.08K
Market Cap
$2.24B
Enterprise Value$2.79B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$551.64M
Price to Earnings (P/E)21.4
Beta0.78
Next Earnings
Jul 22, 2024EPS Estimate
$0.58Last Dividend Ex-Date
May 01, 2024Dividend Yield2.81%
Share Statistics
EPS (TTM)2.53
Shares Outstanding41,379,492
10 Day Avg. Volume376,861
30 Day Avg. Volume320,081
Standard Deviation0.13
R-Squared0.32
Alpha-0.00792
Financial Highlights & Ratios
Price to Book (P/B)1.31
Price to Sales (P/S)3.52
Price to Cash Flow (P/CF)11.70
P/FCF Ratio3.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.77
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$54.33Price Target Upside0.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Independent Bank Group News
Bulls Say, Bears Say
Bulls Say
PartnershipIBTX has chosen a great partner in SSB, which puts its shareholders in a better position in both the near and long term.
Regulatory ApprovalNo major regulatory delay on approval is expected, which minimizes potential risks for IBTX shareholders.
Valuation RecoverySelling to SSB should expedite the valuation creation recovery for IBTX shareholders and deliver outsized returns for the legacy owners.
Bears Say
Deposit CostsDeposit costs were up another 19 bps in 1Q24 and the expected NIM inflection was pushed out another quarter.
ProfitabilityIBTX looks poised to underperform peers from a PPNR and overall profitability perspective.
Regulatory DelayA significant regulatory delay would put the shares in a holding pattern.
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Ownership Overview
19.19% Insiders
35.69% Mutual Funds
27.15% Other Institutional Investors
17.97% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IBTX FAQ
What was Independent Bank Group’s price range in the past 12 months?
Independent Bank Group lowest stock price was $33.90 and its highest was $56.11 in the past 12 months.
What is Independent Bank Group’s market cap?
Currently, no data Available
When is Independent Bank Group’s upcoming earnings report date?
Independent Bank Group’s upcoming earnings report date is Jul 22, 2024 which is tomorrow.
How were Independent Bank Group’s earnings last quarter?
Independent Bank Group released its earnings results on Apr 22, 2024. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.591 by $0.039.
Is Independent Bank Group overvalued?
According to Wall Street analysts Independent Bank Group’s price is currently Undervalued.
Does Independent Bank Group pay dividends?
Independent Bank Group pays a Quarterly dividend of $0.38 which represents an annual dividend yield of 2.81%. See more information on Independent Bank Group dividends here
What is Independent Bank Group’s EPS estimate?
Independent Bank Group’s EPS estimate is $0.58.
How many shares outstanding does Independent Bank Group have?
Independent Bank Group has 41,381,165 shares outstanding.
What happened to Independent Bank Group’s price movement after its last earnings report?
Independent Bank Group reported an EPS of $0.63 in its last earnings report, beating expectations of $0.591. Following the earnings report the stock price went down -3.137%.
Which hedge fund is a major shareholder of Independent Bank Group?
Among the largest hedge funds holding Independent Bank Group’s share is Royce & Associates LLC. It holds Independent Bank Group’s shares valued at 29M.
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Independent Bank Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$54.33 (0.44% Upside)
$54.33 (0.44% Upside)
Blogger Sentiment
Neutral
IBTX Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 129.7K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.54%
12-Months-Change
Fundamentals
Return on Equity
4.40%
Trailing 12-Months
Asset Growth
0.39%
Trailing 12-Months
Company Description
Independent Bank Group
Independent Bank Group, Inc. operates as a bank holding company. It provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and individual through its subsidiary, Independent Bank. The firm's services include checking, savings, commercial loans, business services and cash management. The company was founded on September 20, 2002 and is headquartered in McKinney, TX.
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IBTX Company Deck
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IBTX Earnings Call
Q1 2024
0:00 / 0:00
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IBTX Stock 12 Month Forecast
Average Price Target
$54.33
▲(0.44% Upside)
Technical Analysis
Best Analysts Covering IBTX
1 Year
1 Year Success Rate
8/15 ratings generated profit
1 Year Average Return
-1.22%
upgraded a buy rating 7 months ago
Copying Michael Rose's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of -1.22% per trade.
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