NASDAQ:IBTX - Independent Bank Group Stock Price, Forecast & News

Independent Bank Group trades on the NASDAQ under the ticker symbol "IBTX."

Independent Bank Group announced a quarterly dividend on Wednesday, October 23rd. Shareholders of record on Monday, November 4th will be given a dividend of $0.25 per share on Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 1st. View Independent Bank Group's Dividend History.

Independent Bank Group Inc (NASDAQ:IBTX) issued its earnings results on Monday, October, 21st. The bank reported $1.35 EPS for the quarter, topping the Zacks' consensus estimate of $1.34 by $0.01. The bank earned $152.72 million during the quarter, compared to analyst estimates of $141.57 million. Independent Bank Group had a return on equity of 9.39% and a net margin of 26.29%. During the same period last year, the business posted $1.20 EPS. View Independent Bank Group's Earnings History.

Independent Bank Group is scheduled to release their next quarterly earnings announcement on Monday, January 27th 2020. View Earnings Estimates for Independent Bank Group.

3 analysts have issued 12-month price objectives for Independent Bank Group's shares. Their forecasts range from $60.00 to $67.00. On average, they anticipate Independent Bank Group's stock price to reach $62.67 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for Independent Bank Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank Group.

Headlines about IBTX stock have been trending negative on Tuesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank Group earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Independent Bank Group.

Independent Bank Group saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,120,000 shares, a decline of 16.4% from the September 30th total of 1,340,000 shares. Based on an average daily trading volume, of 222,300 shares, the days-to-cover ratio is currently 5.0 days. Currently, 3.2% of the company's stock are short sold. View Independent Bank Group's Current Options Chain.

Some companies that are related to Independent Bank Group include Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Popular (BPOP), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), Glacier Bancorp (GBCI), Bank Ozk (OZK), Wintrust Financial (WTFC), United Bankshares (UBSI), IBERIABANK (IBKC), First Hawaiian (FHB) and Bank of Hawaii (BOH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Amgen (AMGN), Guaranty Bancorp (GBNK), Alibaba Group (BABA), NVIDIA (NVDA), Virtu Financial (VIRT), Enterprise Products Partners (EPD), Schlumberger (SLB), Valero Energy (VLO), Independent Bank Co.(MI) (IBCP) and Proofpoint (PFPT).

Independent Bank Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.37%), Voya Investment Management LLC (1.61%), Millennium Management LLC (0.99%), Summit Creek Advisors LLC (0.67%), Chartwell Investment Partners LLC (0.62%) and Peregrine Capital Management LLC (0.30%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, Douglas A Cifu, G Stacy Smith, James C White, Jan C Webb, John Webb Jennings III, Michelle S Hickox and Paul W Taylor. View Institutional Ownership Trends for Independent Bank Group.

IBTX stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Peregrine Capital Management LLC, Lockheed Martin Investment Management Co., Russell Investments Group Ltd., Squarepoint Ops LLC, Keeley Teton Advisors LLC, Barclays PLC and Doliver Advisors LP. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith and Paul W Taylor. View Insider Buying and Selling for Independent Bank Group.

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, California Public Employees Retirement System, Voya Investment Management LLC, Algebris UK Ltd, Envestnet Asset Management Inc., WBI Investments Inc., Rhumbline Advisers and Metropolitan Life Insurance Co NY. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, John Webb Jennings III and Michelle S Hickox. View Insider Buying and Selling for Independent Bank Group.

Shares of IBTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of IBTX stock can currently be purchased for approximately $61.12.

Independent Bank Group has a market capitalization of $2.63 billion and generates $449.51 million in revenue each year. The bank earns $128.26 million in net income (profit) each year or $4.46 on an earnings per share basis. Independent Bank Group employs 1,087 workers across the globe.View Additional Information About Independent Bank Group.

The official website for Independent Bank Group is http://www.independent-bank.com/.

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The bank can be reached via phone at 972-562-9004.