How to Buy Independent Bank Group Stock
Independent Bank Group Inc
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States.
Independent Bank Group stock last closed at $40.73, down 0.42% from the previous day, and has increased 33.24% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.07 percentage points. Independent Bank Group stock is currently +39.3% from its 52-week low of $29.24, and -23.51% from its 52-week high of $53.25.
There are currently 41.38M IBTX shares outstanding. The market cap of IBTX is $1.69B. In the last 24 hours, 206,992 IBTX shares were traded.
How to Buy Independent Bank Group Stock
Not sure how to invest in Independent Bank Group stock? Here's how.
- Choose where to buy Independent Bank Group stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Independent Bank Group stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your information.
- Evaluate Independent Bank Group stock: The Independent Bank Group ticker symbol is IBTX. Is Independent Bank Group stock a good investment? Should you buy shares of IBTX? How do IBTX's underlying business fundamentals look? Do top analysts think Independent Bank Group is a good buy? Why has IBTX's stock price moved recently? (Hint: Our stock research website can help you figure out if IBTX is a good stock to buy).
- Make your IBTX purchase: Decide if you will purchase IBTX shares at the current market price or use a limit order to purchase IBTX shares at a specific price.
- Get the latest scoop on your IBTX investment: Create a watchlist to track your new investment in Independent Bank Group shares.
Step 1: Choose where to buy Independent Bank Group stock
You need an online brokerage account to access the NASDAQ market and buy IBTX shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to buy IBTX stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've finished signing up on a good stock buying app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing funds into your new brokerage account.
Step 4: Evaluate Independent Bank Group stock
Once you have identified the best place to buy Independent Bank Group stock, it's absolutely critical to analyze their stock before you invest, so you can comprehend the risk as well as the upside.
Independent Bank Group Metrics
IBTX Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on IBTX's stock page.
Is IBTX stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge IBTX's intrinsic value.
Using relative valuations methods:
- IBTX could be undervalued based on its P/E ratio of 16.1x, relative to Banks - Regional industry P/E ratio of -9.43x
- IBTX could be undervalued based on its P/B ratio of 0.7x, relative to Banks - Regional industry P/B ratio of 1x
You can do additional valuation research on IBTX's stock here.
IBTX Financial Health Overview
Positive Health Checks:
- IBTX's operating cash flow of $175.31M allows it to safely service it's debt of $551.64M.
- IBTX profit margin has gone up from 18% to 21.7% in the past year.
- IBTX earnings of $131.74M is not enough to cover its interest payments.
Negative Health Checks:
- IBTX has a relatively high debt to equity ratio of 6.86.
- Total IBTX debt is higher than 5 years ago, relative to shareholder equity.
Is IBTX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 sell side analysts who research IBTX, the consensus analyst rating on Independent Bank Group is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Latest IBTX Analyst Forecasts
Michael Rose, a top 16% analyst from Raymond James maintains IBTX with a buy rating and raises their IBTX price target from $56.00 to $59.00, on Jan 24, 2024.
Michael Young, a top 23% analyst from Truist Securities maintains IBTX with a strong buy rating and raises their IBTX price target from $42.00 to $56.00, on Dec 15, 2023.
Truist Securities's Michael Young raised their price target on Independent Bank Group (NASDAQ: IBTX) by 33.3% from $42 to $56 on 2023/12/15. The analyst maintained their Strong Buy rating on the stock.
In a year-end note previewing FY 2024 for names in the Financial Services (Regional and Community Banks), Young argued that "Tail risks* for the sector have been reduced by the likely peak in rates and with inflation moving lower."
Acknowledging concerns about credit as the largest outstanding risk, the analyst predicted "that losses will remain manageable."
"Banking valuations in the group have re-rated significantly recently," Young continued, "but earnings revisions now also have less downside risk and a very positive setup for FY 2025, with the general sentiment still remaining skeptical of the recent rally."
Footnotes
* Tail risk arises when the possibility that an investment will move more than three standard deviations from the mean is greater than what is shown by normal distribution. Tail risks include events that have a small probability of occurring and occur at both ends of a normal distribution curve. [from here]
You can dig deeper into what analysts are forecasting on the Independent Bank Group stock forecast page.
IBTX Technical Indicators
IBTX Performance Metrics
Last year, IBTX earnings were $104.86M. In the last five year, IBTX's earnings have gone up by -9.42% per year. This was slower than the Banks - Regional industry average of 16.33%.
Last year, IBTX revenue was $482.38M. During the past five year, IBTX's revenue has gone up by 3.17% per year. This was slower than the Banks - Regional industry average of 7.53%.
You can analyze IBTX's earnings and revenue performance here.
Are IBTX insiders buying or selling the stock?
In the past year, executives and large shareholders at IBTX have sold more shares than they have bought.
Daniel W. Brooks, Vice Chairman of IBTX, was the latest IBTX insider to sell. They sold $12,608.40 worth of IBTX stock on Feb 26, 2024.
Dig into more about who owns IBTX stock here.
Can I rely on IBTX as an income stream?
Independent Bank Group pays a dividend of 3.73%, compared to the Banks - Regional industry's average dividend yield of 3.74%. If you owned $1,000 of IBTX stock, you would have received $37.32 in the past 12 months.
Independent Bank Group dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Independent Bank Group dividend yield and history here.
What others are saying about IBTX
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your IBTX purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open Trade button and eToro will execute your order.
If you require additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your IBTX investment
Now that you own some shares in IBTX, you'll want to keep up with your new shares.
Start a watchlist to track the latest developments regarding your IBTX stock.
IBTX Feed
How to Buy Stock in Independent Bank Group
To reiterate, here are the 6 steps you need to take to buy Independent Bank Group stock right now:
- Choose where to buy Independent Bank Group stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Independent Bank Group stock
- Make your IBTX purchase
- Get the latest scoop on your IBTX investment
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Independent Bank Group, create your watchlist below.
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