Independent Bank Group Stock Forecast, Price & News

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 35.9% and is now trading at $44.00.
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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, October 19th 2020.
View our earnings forecast for Independent Bank Group.

Independent Bank Group Inc (NASDAQ:IBTX) released its earnings results on Tuesday, July, 28th. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.89 by $0.25. The bank had revenue of $153.75 million for the quarter, compared to analysts' expectations of $141.77 million. Independent Bank Group had a return on equity of 8.76% and a net margin of 26.11%. During the same period in the previous year, the business posted $1.22 EPS.
View Independent Bank Group's earnings history.

Independent Bank Group announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of $0.25 per share on Thursday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, August 7th.
View Independent Bank Group's dividend history.

5 brokerages have issued 1-year price objectives for Independent Bank Group's stock. Their forecasts range from $35.00 to $61.00. On average, they expect Independent Bank Group's stock price to reach $43.80 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts' price targets for Independent Bank Group.

Independent Bank Group saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,990,000 shares, a decline of 13.1% from the August 15th total of 2,290,000 shares. Based on an average trading volume of 541,500 shares, the short-interest ratio is currently 3.7 days. Approximately 5.6% of the shares of the company are sold short.
View Independent Bank Group's Short Interest.

Some companies that are related to Independent Bank Group include Commerce Bancshares (CBSH), Prosperity Bancshares (PB), East West Bancorp (EWBC), Signature Bank (SBNY), First Financial Bankshares (FFIN), South State (SSB), Western Alliance Bancorporation (WAL), First Citizens BancShares (FCNCA), Glacier Bancorp (GBCI), Popular (BPOP), United Bankshares (UBSI), Bank Ozk (OZK), Home Bancshares (HOMB), Wintrust Financial (WTFC) and CVB Financial (CVBF).
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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 Vanguard Group Inc. (8.81%), Macquarie Group Ltd. (2.16%), Bank of New York Mellon Corp (1.07%), Nuveen Asset Management LLC (0.99%), Stieven Capital Advisors L.P. (0.99%) and Principal Financial Group Inc. (0.76%). 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 Macquarie Group Ltd., Goldman Sachs Group Inc., Bank of America Corp DE, Trexquant Investment LP, Prudential Financial Inc., ClariVest Asset Management LLC, Hodges Capital Management Inc., and Doliver Advisors LP. 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 acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, FMR LLC, Bridgeway Capital Management Inc., Monarch Partners Asset Management LLC, and Peregrine Capital Management 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 $44.00.

Independent Bank Group has a market capitalization of $1.90 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.