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IBTX

IBTX - Independent Bank Group Inc Stock Price, Fair Value and News

45.93USD+0.15 (+0.33%)Delayed as of 28 Mar 2024, 03:03 pm ET

Market Summary

IBTX
USD45.93+0.15
Delayedas of 28 Mar 2024, 03:03 pm
0.33%

IBTX Alerts

  • Big fall in earnings (Y/Y)

IBTX Stock Price

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IBTX RSI Chart

IBTX Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

43.74

Price/Sales (Trailing)

2.17

EV/EBITDA

2.21

Price/Free Cashflow

13.1

IBTX Price/Sales (Trailing)

IBTX Profitability

EBT Margin

6.00%

Return on Equity

1.8%

Return on Assets

0.23%

Free Cashflow Yield

7.64%

IBTX Fundamentals

IBTX Revenue

Revenue (TTM)

871.7M

Rev. Growth (Yr)

22.53%

Rev. Growth (Qtr)

4.39%

IBTX Earnings

Earnings (TTM)

43.2M

Earnings Growth (Yr)

-63.54%

Earnings Growth (Qtr)

-54.66%

Breaking Down IBTX Revenue

52 Week Range

28.8147.73
(Low)(High)

Last 7 days

3.7%

Last 30 days

-4.4%

Last 90 days

-15.4%

Trailing 12 Months

-7.0%

How does IBTX drawdown profile look like?

IBTX Financial Health

IBTX Investor Care

Dividend Yield

3.32%

Dividend/Share (TTM)

1.52

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

1.03

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023715.3M779.9M829.0M871.7M
2022576.7M581.5M611.2M655.0M
2021602.9M597.4M589.7M583.6M
2020653.8M637.3M623.8M611.5M
2019474.8M545.3M601.4M652.9M
2018340.1M357.3M381.9M407.3M
2017214.5M242.5M274.4M307.9M
2016184.8M193.9M203.6M210.0M
2015155.7M163.4M169.6M174.0M
201491.0M104.9M120.0M140.1M
201377.8M81.2M84.6M87.2M
201262.7M65.8M68.8M71.9M
201100059.6M
201000051.7M

Tracking the Latest Insider Buys and Sells of Independent Bank Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 26, 2024
hobbs michael b
sold (taxes)
-13,979
44.24
-316
evp, president and coo
Feb 26, 2024
brooks daniel w
sold (taxes)
-12,608
44.24
-285
vice chairman
Feb 26, 2024
montgomery brenda k
sold (taxes)
-2,079
44.24
-47.00
evp, chief accounting officer
Feb 26, 2024
langdale paul b
sold (taxes)
-3,583
44.24
-81.00
evp, chief financial officer
Feb 26, 2024
brooks david r
sold (taxes)
-25,570
44.24
-578
chairman and ceo
Feb 26, 2024
turpen john g
sold (taxes)
-3,494
44.24
-79.00
evp, chief risk officer
Feb 26, 2024
tippit james p
sold (taxes)
-5,485
44.24
-124
evp, corporate responsibility
Feb 23, 2024
brooks daniel w
sold (taxes)
-19,261
44.69
-431
vice chairman
Feb 23, 2024
turpen john g
sold (taxes)
-15,284
44.69
-342
evp, chief risk officer
Feb 23, 2024
brooks david r
sold (taxes)
-53,806
44.69
-1,204
chairman and ceo

1–10 of 50

Which funds bought or sold IBTX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-5.39
23,417
131,270
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.53
48,242,600
212,694,000
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
101
15,265,400
24,847,200
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.83
216,511
1,001,420
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
132,000
593,000
0.01%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
reduced
-41.71
-370,000
1,110,000
0.09%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
14.62
8,526
27,526
-%
Feb 16, 2024
Trail Ridge Investment Advisors, LLC
new
-
234,252
234,252
0.14%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
4.83
273,000
1,057,000
-%
Feb 15, 2024
Legal & General Group Plc
reduced
-0.46
1,102,720
5,033,000
-%

1–10 of 47

Are Funds Buying or Selling IBTX?

Are funds buying IBTX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own IBTX
No. of Funds

Unveiling Independent Bank Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
10.13%
4,180,301
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.1%
2,114,471
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Feb 09, 2024
capital research global investors
0.0%
0
SC 13G/A
Jan 23, 2024
blackrock inc.
14.5%
5,980,631
SC 13G/A
Feb 13, 2023
viola vincent j
-
0
SC 13G/A
Feb 13, 2023
capital research global investors
5.9%
2,446,602
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
6.3%
2,575,467
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 09, 2023
vanguard group inc
10.17%
4,190,123
SC 13G/A

Recent SEC filings of Independent Bank Group Inc

View All Filings
Date Filed Form Type Document
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 26, 2024
4
Insider Trading
Feb 22, 2024
4
Insider Trading
Feb 22, 2024
4
Insider Trading
Feb 22, 2024
4
Insider Trading

What is the Fair Value of IBTX?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Independent Bank Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

Independent Bank Group Inc News

Latest updates
MarketBeat24 Mar 202402:44 am
Seeking Alpha24 Feb 202408:00 am

Independent Bank Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue4.4%233223215201190174151141146144146148152152151156164165168156113
EBITDA Margin-15.8%0.61*0.72*0.84*0.99*1.25*1.35*1.38*1.39*1.40*1.39*1.40*1.34*---------
Interest Expenses-2.5%10610911412814214713813113312912913013313212812312812513012287.00
Income Taxes-58.1%3.008.009.00-11.2811.0013.0014.0012.0014.0013.0015.0016.0015.0016.009.0011.0014.0015.0013.0011.008.00
Earnings Before Taxes-55.4%18.0041.0042.00-48.7951.0066.0066.0063.0068.0065.0074.0076.0074.0076.0048.0055.0064.0071.0063.0048.0042.00
EBT Margin-41.7%0.06*0.10*0.14*0.19*0.38*0.43*0.45*0.47*0.48*0.49*0.50*0.45*---------
Net Income-54.7%15.0033.0033.00-37.5141.0052.0052.0051.0054.0052.0058.0060.0058.0060.0039.0044.0050.0056.0050.0037.0034.00
Net Income Margin-40.5%0.05*0.08*0.11*0.15*0.30*0.34*0.36*0.37*0.39*0.39*0.40*0.36*---------
Free Cashflow120.7%40.0018.0062.0025.0052.0058.0042.002.0019.0050.0063.0074.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets2.8%19,03518,52018,72018,79818,25817,94418,10717,96318,73318,91818,44818,11517,75317,11716,98615,57414,95814,95914,70914,1459,850
    Cash Equivalents1.4%7227129031,0496545167761,6042,6083,0602,7952,4171,8141,4541,606949565570579432131
  Net PPE0.1%356356355355355343338324308263253250249243243246243241245243168
  Goodwill0%994994994994994994994994994994994994994994994994994994994992722
Liabilities2.7%16,63316,18816,36716,44715,87315,59015,74315,44116,15616,35215,90515,62215,23814,64114,56113,18812,61812,66012,46011,9118,244
Shareholder's Equity3.0%2,4032,3322,3532,3512,3852,3542,3642,5222,5772,5672,5432,4932,5152,4762,4252,3862,3402,2992,2492,2341,606
  Retained Earnings-0.2%617618601584638614578657625601580535544504455427394354309310297
  Additional Paid-In Capital0.1%1,9671,9651,9641,9621,9591,9551,9511,9481,9451,9431,9401,9381,9351,9331,9311,9281,9261,9241,9221,9211,318
Shares Outstanding0.0%41.0041.0041.0041.0041.0041.0041.0043.0043.0043.0043.0043.00---------
Float---1,288---2,421---2,770---1,494---1,945--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations91.9%44,71723,30069,00128,25168,60668,00159,31321,31467,72162,84268,98277,88868,18651,177-5,49340,42534,43060,99340,29037,60653,136
  Share Based Compensation338.6%4,031-1,6895992,4456,6731,1698672,4124,7733363183,2062,1171,9702,4811,8821,9741,9101,7522,1721,566
Cashflow From Investing-1382.8%-475,698-32,080-59,319-120,991-174,617-165,335-1,059,836-288,839-320,679-177,70565,347138,573-297,162-254,999-706,508-212,719-1,573-259,588-387,803-25,024-110,273
Cashflow From Financing341.9%441,261-182,393-155,390487,008244,174-162,638172,398-736,663-198,424379,989243,501386,422589,23051,6441,369,005556,031-37,788189,249495,161288,438-102,254
  Buy Backs-71.8%11841822.001,6175811,054115,3222,78914,21116,2561761,4895,66013.001.001458.0041.0039,10312,507-

IBTX Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:   
Interest and fees on loans$ 792,659$ 602,210$ 547,931
Interest on taxable securities31,74732,94422,754
Interest on nontaxable securities10,27910,3608,344
Interest on interest-bearing deposits and other37,0519,5034,533
Total interest income871,736655,017583,562
Interest expense:   
Interest on deposits358,40577,62844,199
Interest on FHLB advances35,7052,0172,038
Interest on other borrowings16,01814,45115,247
Interest on junior subordinated debentures4,7252,7131,756
Total interest expense414,85396,80963,240
Net interest income456,883558,208520,322
Provision for credit losses4,1304,490(9,000)
Net interest income after provision for credit losses452,753553,718529,322
Noninterest income:   
Service charges on deposit accounts13,95812,2049,842
Investment management fees9,6509,1468,586
Mortgage banking revenue7,0038,93823,157
Mortgage warehouse purchase program fees1,8922,6766,908
(Loss) gain on sale of loans(14)(1,844)56
(Loss) gain on sale of other real estate(1,797)063
Gain on sale of securities available for sale0013
Gain (loss) on sale and disposal of premises and equipment323(494)(304)
Increase in cash surrender value of BOLI5,7685,3715,209
Other14,32615,46912,987
Total noninterest income51,10951,46666,517
Noninterest expense:   
Salaries and employee benefits181,445212,087180,336
Occupancy47,43042,93840,688
Communications and technology28,71324,93722,355
FDIC assessment22,1536,8835,865
Advertising and public relations2,6072,1061,097
Other real estate owned (income) expenses, net(510)314
Impairment of other real estate5,21500
Amortization of other intangible assets12,43912,49112,580
Litigation settlement102,50000
Professional fees7,94915,57115,530
Other41,60341,84535,151
Total noninterest expense451,544358,889313,606
Income before taxes52,318246,295282,233
Income tax expense9,11750,00457,483
Net income$ 43,201$ 196,291$ 224,750
Basic earnings per share (usd per share)$ 1.05$ 4.71$ 5.22
Diluted earnings per share (usd per share)$ 1.04$ 4.70$ 5.21

IBTX Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 98,396$ 134,183
Interest-bearing deposits in other banks623,593520,139
Cash and cash equivalents721,989654,322
Certificates of deposit held in other banks248496
Securities available for sale, at fair value1,593,7511,691,784
Securities held to maturity, net of allowance for credit losses of $0 and $0, respectively, fair value of $170,997 and $162,239, respectively205,232207,059
Loans held for sale (includes $12,016 and $10,612 carried at fair value, respectively)16,42011,310
Loans, net of allowance for credit losses of $151,861 and $148,787, respectively14,558,68113,760,576
Premises and equipment, net355,833355,368
Other real estate owned9,49023,900
Federal Home Loan Bank (FHLB) of Dallas stock and other restricted stock34,91523,436
Bank-owned life insurance (BOLI)245,497240,448
Deferred tax asset92,66578,669
Goodwill994,021994,021
Other intangible assets, net50,56062,999
Other assets155,800154,026
Total assets19,035,10218,258,414
Deposits:  
Noninterest-bearing3,530,7044,736,830
Interest-bearing12,192,33110,384,587
Total deposits15,723,03515,121,417
FHLB advances350,000300,000
Other borrowings271,821267,066
Junior subordinated debentures54,61754,419
Other liabilities233,036130,129
Total liabilities16,632,50915,873,031
Commitments and contingencies
Stockholders’ equity:  
Preferred stock (0 and 0 shares outstanding, respectively)00
Common stock (41,281,919 and 41,190,677 shares outstanding, respectively)413412
Additional paid-in capital1,966,6861,959,193
Retained earnings616,724638,354
Accumulated other comprehensive loss(181,230)(212,576)
Total stockholders’ equity2,402,5932,385,383
Total liabilities and stockholders’ equity$ 19,035,102$ 18,258,414
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial PositionOther assetsOther assets
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial PositionOther assetsOther assets
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial PositionOther assetsOther assets
Operating Lease, Right-of-Use Asset, Statement of Financial PositionOther assetsOther assets
Operating lease, liability, statement of financial positionOther liabilitiesOther liabilities
IBTX
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, equipment lease financing, 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 cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. Independent Bank Group, Inc. was incorporated in 2002 and is headquartered in McKinney, Texas.
 CEO
 WEBSITEwww.independent-bank.com
 EMPLOYEES1547

Independent Bank Group Inc Frequently Asked Questions


What is the ticker symbol for Independent Bank Group Inc? What does IBTX stand for in stocks?

IBTX is the stock ticker symbol of Independent Bank Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independent Bank Group Inc (IBTX)?

As of Wed Mar 27 2024, market cap of Independent Bank Group Inc is 1.89 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IBTX stock?

You can check IBTX's fair value in chart for subscribers.

What is the fair value of IBTX stock?

You can check IBTX's fair value in chart for subscribers. The fair value of Independent Bank Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independent Bank Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IBTX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independent Bank Group Inc a good stock to buy?

The fair value guage provides a quick view whether IBTX is over valued or under valued. Whether Independent Bank Group Inc is cheap or expensive depends on the assumptions which impact Independent Bank Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IBTX.

What is Independent Bank Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, IBTX's PE ratio (Price to Earnings) is 43.74 and Price to Sales (PS) ratio is 2.17. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IBTX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independent Bank Group Inc's stock?

In the past 10 years, Independent Bank Group Inc has provided -0.015 (multiply by 100 for percentage) rate of return.