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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2024 | $38.00 → $58.00 | Underweight → Overweight | Piper Sandler |
| 4/24/2024 | $53.00 → $46.00 | Market Perform | Hovde Group |
| 4/24/2024 | $48.00 → $38.00 | Neutral → Underweight | Piper Sandler |
| 1/5/2024 | $56.00 | Mkt Perform → Outperform | Raymond James |
| 7/26/2023 | $40.00 → $44.00 | Overweight → Neutral | Piper Sandler |
| 10/26/2022 | $82.50 → $70.00 | Outperform → Market Perform | Hovde Group |
| 3/9/2022 | Neutral | Janney | |
| 1/26/2022 | $80.00 → $85.00 | Buy | Truist Securities |
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, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and $24.9 million, or $0.60 per diluted share for the quarter ended June 30, 2024. The Company also announced that its Board of Directors d
Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net loss of $493.5 million, or $11.89 per diluted share, for the quarter ended June 30, 2024, which was significantly impacted by $518.0 million of goodwill impairment recognized as a result of the Company's stock price trading below book value and the announced merger with SouthState Corporation. Goodwill impairment is a non-cash charge and has no impact on cash flows, liquidity, (non-GAAP) tangible equity, or regulatory capital. Excluding the goodwill impairment charge and other non-recurring items, adjusted (non-GAAP) net income for the quarter ended June 30, 2024 was $24.9 million, or $0.60 per diluted share. The Company also
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. Independent Bank Group, based in McKinney, Texas, has approximately $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of March 31, 2024, and op
SC 13G/A - Independent Bank Group, Inc. (0001564618) (Subject)
SC 13G/A - Independent Bank Group, Inc. (0001564618) (Subject)
SC 13G/A - Independent Bank Group, Inc. (0001564618) (Subject)
10-Q - Independent Bank Group, Inc. (0001564618) (Filer)
8-K - Independent Bank Group, Inc. (0001564618) (Filer)
8-K - Independent Bank Group, Inc. (0001564618) (Filer)
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, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and $24.9 million, or $0.60 per diluted share for the quarter ended June 30, 2024. The Company also announced that its Board of Directors d
Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net loss of $493.5 million, or $11.89 per diluted share, for the quarter ended June 30, 2024, which was significantly impacted by $518.0 million of goodwill impairment recognized as a result of the Company's stock price trading below book value and the announced merger with SouthState Corporation. Goodwill impairment is a non-cash charge and has no impact on cash flows, liquidity, (non-GAAP) tangible equity, or regulatory capital. Excluding the goodwill impairment charge and other non-recurring items, adjusted (non-GAAP) net income for the quarter ended June 30, 2024 was $24.9 million, or $0.60 per diluted share. The Company also
Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, today announced the appointment of Dan Strodel as Executive Vice President and Chief Banking Officer. In his new role, Mr. Strodel will be responsible for key revenue-generating lines of business including Commercial, Middle Market and Specialty Banking, Treasury Solutions, SBA, Mortgage and Private Capital Management. "Dan has been an integral part of the company's growth over the past 10 years," said Independent Financial President and Chief Operating Officer Michael Hobbs. "I am confident that the depth of his professional experience and high-quality leadership make him the ideal person for this v
4 - Independent Bank Group, Inc. (0001564618) (Issuer)
4 - Independent Bank Group, Inc. (0001564618) (Issuer)
4 - Independent Bank Group, Inc. (0001564618) (Issuer)
Independent Bank Gr (NASDAQ:IBTX) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.58 by 3.45 percent.
Keefe, Bruyette & Woods analyst Catherine Mealor maintains Independent Bank Gr (NASDAQ:IBTX) with a Outperform and raises the price target from $46 to $57.
During the last three months, 7 analysts shared their evaluations of Independent Bank Gr (NASDAQ:IBTX), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 1 2 0 1 0 In the assessment of 12-month price targets, analysts unveil insights for Independent Bank Gr, presenting an average target of $48.71, a high estimate of $58.00, and a low estimate of $38.00. A negative
Piper Sandler upgraded Independent Bank Group from Underweight to Overweight and set a new price target of $58.00 from $38.00 previously
Hovde Group reiterated coverage of Independent Bank Group with a rating of Market Perform and set a new price target of $46.00 from $53.00 previously
Piper Sandler downgraded Independent Bank Group from Neutral to Underweight and set a new price target of $38.00 from $48.00 previously
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. Independent Bank Group, based in McKinney, Texas, has approximately $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of March 31, 2024, and op
Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $24.2 million, or $0.58 per diluted share, for the quarter ended March 31, 2024, compared to $14.9 million, or $0.36 per diluted share for the quarter ended December 31, 2023. Adjusted (non-GAAP) net income for the quarter ended March 31, 2024 was $26.0 million, or $0.63 per diluted share, compared to $25.5 million, or $0.62 per diluted share for the quarter ended December 31, 2023. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.38 per share of common stock. The dividend will be payable on May 16, 2024 to stockholders of record as of the close of business on May 2, 202
Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, will hold a conference call to discuss first quarter 2024 results on Tuesday, April 23, 2024, at 8:30 am ET. The related press release will be issued Monday, April 22, 2024, after 4:00 pm ET. Conference Call Details The call can be accessed by the webcast link, https://www.webcast-eqs.com/indepbankgroupq12024_en/en, or by calling 1-877-407-0989 and by identifying the meeting number 13745780 or by identifying "Independent Bank Group First Quarter 2024 Earnings Conference Call". The conference materials will also be available by accessing the Investor Relations page of our website, www.ifinancial.co