Independent Bank Group
IBTX

$59.59

3.06%

Market Cap: 2.47B

About: Independent Bank Group Inc is a bank holding company. It offers services such as checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, eStatements and bank-by-mail and direct deposit services. The Company also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. The Company derives its income principally from interest earned on loans and, to a lesser extent, income from securities available for sale and securities held to maturity. The Company also derives income from noninterest sources, such as fees received in connection with various deposit services, mortgage banking operations and investment advisory services.

Employees: 1,517

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 9 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

339% more call options, than puts

Call options by funds: $1M | Put options by funds: $228K

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

8% more funds holding

Funds holding: 193 [Q4 2023] → 209 (+16) [Q1 2024]

1.54% more ownership

Funds ownership: 73.57% [Q4 2023] → 75.11% (+1.54%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

3% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 72

8% less capital invested

Capital invested by funds: $1.63B [Q4 2023] → $1.5B (-$137M) [Q1 2024]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$38

36%

downside

Avg. target

$50

16%

downside

High target

$58

3%

downside

9 analyst ratings

6 positive

67%

2 neutral

22%

1 negative

11%

Keefe, Bruyette & Woods Catherine Mealor	4%downside $57	Outperform Maintained	9 Jul 2024
Truist Securities Brandon King	19%downside $48	Hold Maintained	8 Jul 2024
Piper Sandler Stephen Scouten	3%downside $58	Overweight Upgraded	31 May 2024
Truist Securities Brandon King	16%downside $50	Hold Downgraded	29 May 2024
Keefe, Bruyette & Woods Catherine Mealor	23%downside $46	Outperform Maintained	26 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about IBTX published over the past 30 days

Zacks Investment Research

Compared to Estimates, Independent Bank Group (IBTX) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Independent Bank Group (IBTX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Independent Bank Group (IBTX) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Independent Bank Group (IBTX) Tops Q2 Earnings Estimates

Independent Bank Group (IBTX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.82 per share a year ago.

Independent Bank Group (IBTX) Tops Q2 Earnings Estimates

INDEPENDENT BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Independent Bank Group, Inc. - IBTX

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Independent Bank Group, Inc. (NasdaqGS: IBTX) to SouthState Corporation (NYSE: SSB). Under the terms of the proposed transaction, shareholders of Independent will receive 0.60 shares of SouthState for each share of Independent that they own. KSF is seeking to determine whether this consideration and the proces.

INDEPENDENT BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Independent Bank Group, Inc. - IBTX

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Independent Bank Group, Inc. - IBTX

NEW YORK , May 22, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Independent Bank Group, Inc. (NASDAQ: IBTX ), relating to its proposed merger with SouthState Corporation.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Independent Bank Group, Inc. - IBTX

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Independent Bank Group, Inc.

NEW YORK , May 20, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Independent Bank Group, Inc. (NASDAQ: IBTX) and its board of directors concerning the proposed acquisition of the company by SouthState Corporation (NYSE: SSB). Stockholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Independent Bank Group, Inc.

IBTX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Independent Bank Group, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Independent Bank Group, Inc. (NASDAQ: IBTX) to SouthState Corporation for 0.60 shares of SouthState common stock for each outstanding share of Independent Bank common stock is fair to Independent Bank shareholders. Halper Sadeh encourages Independent Bank shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

IBTX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Independent Bank Group, Inc. Is Fair to Shareholders

Texas-based Independent Bank to be bought for $2 billion by Florida's SouthState

Independent Bank Group Inc. will no longer be independent, after the Texas-based bank announced Friday an agreement to be acquired by Florida's SouthState Corp. in an all-stock deal valued at about $2 billion.

Texas-based Independent Bank to be bought for $2 billion by Florida's SouthState

SouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.

WINTER HAVEN, Fla. and MCKINNEY, Texas , May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ: IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion.

SouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Financial Stocks

The U.S. Federal Reserve has officially announced that it will ease its quantitative tightening program from June onwards. This decision can be seen as a leading indicator of an interest rate pivot, which some investors might find encouraging.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Financial Stocks

Independent Bank Group, Inc. (IBTX) Q1 2024 Earnings Call Transcript

Independent Bank Group, Inc. (NASDAQ:IBTX ) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants Ankita Puri – Executive Vice President and Chief Legal Officer David Brooks – Chairman and Chief Executive Officer Paul Langdale – Chief Financial Officer Dan Brooks – Vice Chairman Conference Call Participants Brandon King – Truist Securities Michael Rose – Raymond James Catherine Mealor – KBW Stephen Scouten – Piper Sandler Matt Olney – Stephens Operator Greetings, and welcome to the Independent Bank Group First Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode.

Independent Bank Group, Inc. (IBTX) Q1 2024 Earnings Call Transcript

See News Rankings