NASDAQ:IBTXIndependent Bank Group Stock Price, Forecast & News

Independent Bank Group's stock was trading at $32.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IBTX stock has increased by 14.2% and is now trading at $36.98. 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 Monday, July 27th 2020. View our earnings forecast for Independent Bank Group.

Independent Bank Group Inc (NASDAQ:IBTX) announced its quarterly earnings data on Monday, April, 27th. The bank reported $1.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by $0.03. The bank had revenue of $137.75 million for the quarter, compared to analysts' expectations 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. Investors 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 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, May 8th. View Independent Bank Group's dividend history.

5 analysts have issued 1-year price targets for Independent Bank Group's shares. 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 twelve months. This suggests a possible upside of 18.4% from the stock's current price. View analysts' price targets for Independent Bank Group.

News coverage about IBTX stock has trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Independent Bank Group earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Independent Bank Group.

Independent Bank Group saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,690,000 shares, a drop of 54.1% from the June 15th total of 3,680,000 shares. Based on an average daily trading 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 Financial Bankshares (FFIN), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Glacier Bancorp (GBCI), Popular (BPOP), Bank Ozk (OZK), United Bankshares (UBSI), Home Bancshares (HOMB), Wintrust Financial (WTFC), CVB Financial (CVBF) 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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.04%). 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.

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 $36.98.

Independent Bank Group has a market capitalization of $1.59 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.