Independent Bank GroupIBTX
IBTX
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 21
27% more capital invested
Capital invested by funds: $1.47B [Q2] → $1.86B (+$390M) [Q3]
6% more funds holding
Funds holding: 193 [Q2] → 205 (+12) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.07% less ownership
Funds ownership: 78.03% [Q2] → 77.97% (-0.07%) [Q3]
20% less call options, than puts
Call options by funds: $375K | Put options by funds: $466K
22% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 73
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$63
5%
upside
Avg. target
$72
19%
upside
High target
$81
34%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Catherine Mealor 69% 1-year accuracy 24 / 35 met price target | 34%upside $81 | Outperform Maintained | 4 Dec 2024 |
Truist Securities Brandon King 93% 1-year accuracy 51 / 55 met price target | 5%upside $63 | Hold Maintained | 23 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
2 months ago
Independent Bank Group (IBTX) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Independent Bank Group (IBTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
2 months ago
Independent Bank Group (IBTX) Misses Q3 Earnings and Revenue Estimates
Independent Bank Group (IBTX) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.79 per share a year ago.
Neutral
Business Wire
2 months ago
Independent Bank Group, Inc. Reports Third Quarter Financial Results and Declares Quarterly Dividend
MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $20.4 million, or $0.49 per diluted share, for the quarter ended September 30, 2024, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and net loss of $493,455 or ($11.93) per diluted share for the quarter ended June 30, 2024. Adjusted (non-GAAP) net income for the quarter ended September 30, 2024 was $20.6 million, or $0.50 per diluted share,.
Neutral
Zacks Investment Research
4 months ago
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.
Positive
Zacks Investment Research
4 months ago
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.
Neutral
Business Wire
5 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
Neutral
Business Wire
7 months ago
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.
Positive
Market Watch
7 months ago
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.
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