NASDAQ:IBTXIndependent Bank Group Stock Price, Forecast & News

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IBTX stock has increased by 20.5% and is now trading at $39.01. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Independent Bank Group.

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Independent Bank Group.

Independent Bank Group will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Independent Bank Group Inc (NASDAQ:IBTX) posted its quarterly earnings results on Monday, April, 27th. The bank reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by $0.03. The bank earned $137.75 million during the quarter, compared to the consensus estimate of $140.70 million. Independent Bank Group had a net margin of 27.36% and a return on equity of 9.10%. View Independent Bank Group's earnings history.

Independent Bank Group declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.25 per share on Thursday, May 21st. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, May 8th. View Independent Bank Group's dividend history.

5 Wall Street analysts have issued twelve-month price objectives for Independent Bank Group's stock. Their forecasts range from $35.00 to $61.00. On average, they anticipate Independent Bank Group's share price to reach $43.80 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View analysts' price targets for Independent Bank Group.

Media stories about IBTX stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independent Bank Group earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Independent Bank Group.

Independent Bank Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 1,690,000 shares, a decrease of 54.1% from the June 15th total of 3,680,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 4.7% 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), Prosperity Bancshares (PB), East West Bancorp (EWBC), First Citizens BancShares (FCNCA), First Financial Bankshares (FFIN), Western Alliance Bancorporation (WAL), Glacier Bancorp (GBCI), Popular (BPOP), Bank Ozk (OZK), United Bankshares (UBSI), Home Bancshares (HOMB), CVB Financial (CVBF), Wintrust Financial (WTFC) and Bank of Hawaii (BOH). View all competitors.

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), Verizon Communications (VZ), Wells Fargo & Co (WFC), Amgen (AMGN), Dominion Energy (D), Enbridge (ENB) and Gilead Sciences (GILD).

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

Independent Bank Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.38%), Envestnet Asset Management Inc. (0.04%), Louisiana State Employees Retirement System (0.02%) and Icon Wealth Partners LLC (0.01%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, G Stacy Smith, James C White, John Webb Jennings III, Mark K Gormley, Michelle S Hickox, Paul W Taylor 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 Envestnet Asset Management Inc.. Company insiders that have sold Independent Bank Group company stock in the last year include James C White, Mark K Gormley, and Michelle S Hickox. View insider buying and selling activity for Independent Bank Group.

IBTX stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Wedge Capital Management L L P NC, and Icon Wealth Partners LLC. 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 William E Fair. View insider buying and selling activity 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 $39.01.

Independent Bank Group has a market capitalization of $1.68 billion and generates $731.11 million in revenue each year. The bank earns $192.74 million in net income (profit) each year or $5.08 on an earnings per share basis. Independent Bank Group employs 1,469 workers across the globe.

The official website for Independent Bank Group is 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.