Independent Bank Group(IBTX)- NASDAQ
  • Wed, Jul. 27, 11:01 AM
    • Independent Bank (NASDAQ:IBTX) declares $0.08/share quarterly dividend, in line with previous.
    • Forward yield 0.74%
    • Payable Aug. 18; for shareholders of record Aug. 8; ex-div Aug. 4.
    | Wed, Jul. 27, 11:01 AM
  • Mon, Jul. 25, 5:01 PM
    • Independent Bank (NASDAQ:IBTX): Q2 EPS of $0.74 beats by $0.04.
    • Revenue of $50.8M (+21.3% Y/Y) beats by $0.59M.
    • Press Release
    | Mon, Jul. 25, 5:01 PM
  • Tue, Jun. 28, 11:07 AM
    • Buying amid the swoon on Friday was board member Stacy Smith, who added more than 15K shares to his stake at an average price of about $39 each.
    • IBTX was nearly a $43 stock prior to the surprise Brexit vote on Thursday.
    • In today's session, it's up 2.8% to $39.37.
    | Tue, Jun. 28, 11:07 AM
  • Thu, Jun. 9, 10:08 AM
    • Independent Bank Group (IBTX +1.2%) and Prosperity Bancshares (PB -1.4%) are boosted to Buy from Hold, and Cullen/Frost (CFR -1.5%) to Hold from Sell. The reasoning isn't hard to gauge, given oil's doubling in price over the past four months.
    • CFR is higher by 38% since Feb. 1, with IBTX up 32% and PB ahead 25%.
    | Thu, Jun. 9, 10:08 AM | 2 Comments
  • Wed, Apr. 27, 12:03 PM
    • Independent Bank (NASDAQ:IBTX) declares $0.08/share quarterly dividend, in line with previous.
    • Forward yield 0.88%
    • Payable May 19; for shareholders of record May 9; ex-div May 5.
    | Wed, Apr. 27, 12:03 PM
  • Mon, Apr. 25, 5:04 PM
    • Independent Bank (NASDAQ:IBTX): Q1 EPS of $0.67 beats by $0.03.
    • Revenue of $50.13M (+25.2% Y/Y) beats by $2.23M.
    • Press Release
    | Mon, Apr. 25, 5:04 PM
  • Mon, Apr. 25, 7:34 AM
    • Citing the bank's valuation discount versus its Texas peers, Piper Jaffray upgrades Independent Bank Group (NASDAQ:IBTX) to Overweight. The $40 price target is 23% upside from Friday's close.
    • Q1 results are due this week, and the stock has run higher by nearly 25% this month ahead of that report.
    | Mon, Apr. 25, 7:34 AM
  • Fri, Jan. 29, 11:12 AM
    • Independent Bank (NASDAQ:IBTX) declares $0.08/share quarterly dividend, in line with previous.
    • Forward yield 1.04%
    • Payable Feb. 18; for shareholders of record Feb. 8; ex-div Feb. 4.
    | Fri, Jan. 29, 11:12 AM
  • Thu, Jan. 28, 9:40 AM
    | Thu, Jan. 28, 9:40 AM
  • Wed, Jan. 27, 5:04 PM
    • Independent Bank (NASDAQ:IBTX): Q4 EPS of $0.63 beats by $0.04.
    • Revenue of $46.41M (+10.1% Y/Y) beats by $0.71M.
    | Wed, Jan. 27, 5:04 PM
  • Wed, Jan. 27, 10:33 AM
    • Comerica's Texas Economic Activity Index fell 60 basis points in November to 94.1. This stands against an index average of 105.2 for all of 2014. The gauge has now fallen for 12 of the last 13 months.
    • The index is comprised of eight variables: nonfarm payrolls, exports, hotel occupancy, continue jobless claims, housing starts, sales taxes, home prices, and Baker Hughes rig count.
    • Four of the eight fell during November, but payrolls were higher, though the growth has "stepped down" from 2013 and 2014.
    • Banks of interest: Comerica (CMA +0.9%), Prosperity (PB +4.1%), Cullen/Frost (CFR -1.3%), Texas Capital (TCBI +3.2%), Independent Bank Group (IBTX -1.6%).
    | Wed, Jan. 27, 10:33 AM
  • Mon, Jan. 11, 11:58 AM
    • Associated Banc-Corp (ASB +0.5%) after the close on Friday announced a Q4 increase of $13M in the loan loss allowance for its energy portfolio. The move brings the loss ratio up to 5.6% at year-end vs. 3.8% a quarter earlier, and will cut EPS by about $0.03. Full results are due on Jan. 21.
    • The warning is notable, says Evercore ISI's Stephen Moss, in that the bank's $752M energy portfolio (4% of total loans) consists entirely of 1st-lien E&P credits on oil and gas reserves. Previously, Evercore had seen the greatest near-term risk to earnings as coming from oilfield services loans, but the ASB move suggests rapidly growing stresses for E&P borrowers.
    • Lenders on watch include: Cullen/Frost (CFR -0.6%), where energy makes up 16% of total loans, Zions (ZION -0.8%) (8%), Comerica (CMA -0.1%) (7%), Texas Capital Bancshares (TCBI +0.1%) (7%), Independent Bank Group (IBTX +0.9%) (7%), and Prosperity Bancshares (PB -0.9%) (4%). Cullen/Frost and Prosperity are reiterated at Sell.
    | Mon, Jan. 11, 11:58 AM | 6 Comments
  • Dec. 9, 2015, 9:51 AM
    • Texas-based Independent Bank Group (IBTX -0.7%) and LegacyTexas Financial Group (LTXB -5.6%), and Mississippi-based Hancock Holding Company (HBHC +0.8%) are downgraded to Equal Weight from Overweight at Stephens.
    • The three are lower by between 7% and 14% over the past month.
    | Dec. 9, 2015, 9:51 AM
  • Dec. 8, 2015, 1:35 PM
    • The selloff in financial names is a broad one, but those seen as especially reliant on energy deals and lending are suffering worst as oil and natural gas make new multi-year lows.
    • Among the movers: Comerica (CMA -2.9%), Zions (ZION -3.3%), Prosperity (PB -3.3%), Cullen/Frost (CFR -2.6%), MidSouth Bancorp (MSL -1.4%), BOK Financial (BOKF -3.2%), Hancock Holding (HBHC -3.8%), Green Bancorp (GNBC -0.1%), Iberiabank (IBKC -3%), National Bank Holdings (NBHC -0.5%), Texas Capital (TCBI -4.6%), Independent Bank Group (IBTX -2.6%), Interstate BancSystem (FIBK -1.1%), First Financial Bankshares (FFIN -3.5%).
    • Screening the whole group against the KRE finds only Interstate BancSystem as outperforming over the past month.
    | Dec. 8, 2015, 1:35 PM | 1 Comment
  • Oct. 30, 2015, 10:43 AM
    • Independent Bank (NASDAQ:IBTX) declares $0.08/share quarterly dividend, in line with previous.
    • Forward yield 0.79%
    • Payable Nov. 20; for shareholders of record Nov. 9; ex-div Nov. 5.
    | Oct. 30, 2015, 10:43 AM
  • Oct. 22, 2015, 7:08 AM
    • Independent Bank (NASDAQ:IBTX): Q3 EPS of $0.52 misses by $0.11.
    • Revenue of $41.89M (+14.3% Y/Y) misses by $1.01M.
    | Oct. 22, 2015, 7:08 AM