Independent Bank Group to buy Guaranty Bancorp for about $1B in stock [Seeking Alpha]
Independent Bank Group, Inc (IBTX)
Last independent bank group, inc earnings: 4/27 05:00 pm
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US:NASDAQ Investor Relations:
independentbankgroup.gcs-web.com/investor-relations
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Source: Seeking Alpha
Independent Bank Group to buy Guaranty Bancorp for about $1B in stockIBTX, the holding company of Independent Bank, agreed to buy Guaranty Bancorp (NASDAQ:GBNK), the holding company for Guaranty Bank and Trust, in an all-stock transaction.GBNK holders will get 0.45 shares of IBTX common stock per GBNK share held. The deal values GBNK at about $35.37 a share based on yesterday's closing price of IBTX, about a 15% premium to GBNK's May 21 closing price of $30.70.IBTX sees the deal adding about 6.5% to 2020 EPS, and about 4.7% dilutive to tangible book value per share at closing with an earnback period of 3.1 years.Upon closing, Guaranty Bancorp President and CEO Paul W. Taylor and Guaranty Bancorp Chairman Edward B. Cordes will join the board of Independent Bank Group.Source:Press ReleasePreviously:Independent Bank beats by $0.05, beats on net interest income (April 23)Click to subscribe to real-time analytics on GBNKNow read:American Equity up nearly 8% on sale chatter »
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IBTX
News
- Independent Bank Group First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Independent Bank Group, Inc. (NASDAQ: IBTX) had its price target lowered by analysts at Truist Financial Co. from $52.00 to $46.00. They now have a "buy" rating on the stock.MarketBeat
- Independent Bank Group, Inc. (NASDAQ:IBTX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Independent Bank Group, Inc. (NASDAQ: IBTX) had its price target lowered by analysts at Hovde Group from $53.00 to $46.00. They now have a "market perform" rating on the stock.MarketBeat
- Independent Bank Group, Inc. (NASDAQ: IBTX) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $38.00 price target on the stock, down previously from $48.00.MarketBeat
IBTX
Earnings
- 4/22/24 - Beat
IBTX
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/23/24 - Form 10-Q
- IBTX's page on the SEC website