Independent Bank Group - IBTX Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" IBTX shares.
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4 Wall Street analysts have issued 1 year target prices for Independent Bank Group's stock. Their IBTX share price forecasts range from $75.00 to $80.00. On average, they anticipate the company's share price to reach $78.33 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
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Independent Bank Group's stock was trading at $72.15 at the beginning of 2022. Since then, IBTX stock has decreased by 9.8% and is now trading at $65.06.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
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Independent Bank Group, Inc. (NASDAQ:IBTX) issued its earnings results on Monday, July, 25th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.23 by $0.04. The bank earned $151.88 million during the quarter, compared to the consensus estimate of $151.05 million. Independent Bank Group had a net margin of 32.74% and a trailing twelve-month return on equity of 8.49%. During the same period in the prior year, the firm posted $1.35 EPS.

Independent Bank Group declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be given a dividend of $0.38 per share on Thursday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Wednesday, August 3rd.
Read our dividend analysis for IBTX.

Independent Bank Group (NASDAQ:IBTX) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.35%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 31.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBTX will have a dividend payout ratio of 26.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBTX.

13 employees have rated Independent Bank Group Chief Executive Officer David R. Brooks on Glassdoor.com. David R. Brooks has an approval rating of 86% among the company's employees.

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 a number of retail and institutional investors. Top institutional shareholders include AdvisorNet Financial Inc (0.03%). Insiders that own company stock include Alicia Kuhn Harrison, Daniel W Brooks, David R Brooks, David R Brooks, David R Brooks, G Stacy Smith, James C White, 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.
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Shares of IBTX stock 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 $65.06.

Independent Bank Group (NASDAQ:IBTX) has a market capitalization of $2.68 billion and generates $650.08 million in revenue each year. The bank earns $224.75 million in net income (profit) each year or $4.90 on an earnings per share basis.

The company employs 1,543 workers across the globe.

Independent Bank Group's mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The official website for the company is www.independent-bank.com. The bank can be reached via phone at (972) 562-9004.