Independent Bank Group Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independent Bank Group stock.
View analyst ratings for Independent Bank Group or view top-rated stocks.

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Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Independent Bank Group.

Independent Bank Group, Inc. (NASDAQ:IBTX) announced its quarterly earnings data on Sunday, July, 25th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.31 by $0.04. The bank had revenue of $145.22 million for the quarter, compared to analysts' expectations of $149.30 million. Independent Bank Group had a trailing twelve-month return on equity of 9.41% and a net margin of 34.94%.
View Independent Bank Group's earnings history.

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IBTX stock has increased by 117.6% and is now trading at $70.46.
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Independent Bank Group announced a quarterly dividend on Monday, July 26th. Stockholders of record on Thursday, August 5th will be paid a dividend of $0.34 per share on Thursday, August 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 4th. This is an increase from Independent Bank Group's previous quarterly dividend of $0.32.
View Independent Bank Group's dividend history.

Independent Bank Group pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.84%. Independent Bank Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Independent Bank Group is 26.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank Group will have a dividend payout ratio of 25.65% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.
View Independent Bank Group's dividend history.

4 brokerages have issued 1 year price targets for Independent Bank Group's stock. Their forecasts range from $48.50 to $87.00. On average, they expect Independent Bank Group's stock price to reach $74.17 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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13 employees have rated Independent Bank Group CEO David R. Brooks on Glassdoor.com. David R. Brooks has an approval rating of 86% among Independent Bank Group's employees.

Some companies that are related to Independent Bank Group include East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Commerce Bancshares (CBSH), First Citizens BancShares (FCNCA), First Financial Bankshares (FFIN), Prosperity Bancshares (PB), Popular (BPOP), Bank OZK (OZK), Glacier Bancorp (GBCI), South State (SSB), United Bankshares (UBSI), Wintrust Financial (WTFC), ServisFirst Bancshares (SFBS), Hancock Whitney (HWC) and Pacific Premier Bancorp (PPBI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Enterprise Products Partners (EPD), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Dominion Energy (D), Gilead Sciences (GILD), Huntington Bancshares (HBAN), ONEOK (OKE), QUALCOMM (QCOM) and Verizon Communications (VZ).

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

Independent Bank Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (1.42%), Chartwell Investment Partners LLC (0.64%), New York State Common Retirement Fund (0.11%), State of Alaska Department of Revenue (0.06%), Victory Capital Management Inc. (0.02%) and Arizona State Retirement System (0.02%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Daniel W Brooks, David R Brooks, G Stacy Smith, James C White, James P Tippit, John Webb Jennings III, Mark K Gormley, Mark S Haynie, Michael B Hobbs, Michelle S Hickox and William E Fair.
View institutional ownership trends for Independent Bank Group.

IBTX stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Chartwell Investment Partners LLC, Victory Capital Management Inc., Arizona State Retirement System, and USA Financial Portformulas Corp. Company insiders that have sold Independent Bank Group company stock in the last year include Daniel W Brooks, David R Brooks, G Stacy Smith, James P Tippit, Mark S Haynie, Michael B Hobbs, and Michelle S Hickox.
View insider buying and selling activity for Independent Bank Group or view top insider-selling stocks.

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Corsicana & Co., State of Alaska Department of Revenue, and New York State Common Retirement Fund. Company insiders that have bought Independent Bank Group stock in the last two years include Alicia Kuhn Harrison, G Stacy Smith, John Webb Jennings III, and William E Fair.
View insider buying and selling activity for Independent Bank Group or or view top insider-buying stocks.

Shares of IBTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBTX stock can currently be purchased for approximately $70.46.

Independent Bank Group has a market capitalization of $3.04 billion and generates $696.57 million in revenue each year. The bank earns $201.21 million in net income (profit) each year or $4.87 on an earnings per share basis.

Independent Bank Group employs 1,513 workers across the globe.

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

Independent Bank Group is headquartered at 7777 HENNEMAN WAY, MCKINNEY TX, 75070.

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