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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IBTX stock has increased by 35.6% and is now trading at $43.91.
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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."
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Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
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Independent Bank Group Inc (NASDAQ:IBTX) posted its earnings results on Tuesday, July, 28th. The bank reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.25. The bank had revenue of $153.75 million for the quarter, compared to the consensus estimate of $141.77 million. Independent Bank Group had a net margin of 26.11% and a return on equity of 8.76%. During the same period in the prior year, the company earned $1.22 EPS.
View Independent Bank Group's earnings history.

Independent Bank Group announced a quarterly dividend on Wednesday, July 29th. Investors 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 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, August 7th.
View Independent Bank Group's dividend history.

5 brokers have issued 12 month price targets 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 year. This suggests that the stock has a possible downside of 0.3%.
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News articles about IBTX stock have trended somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independent Bank Group earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about Independent Bank Group.

Independent Bank Group saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,980,000 shares, a decline of 13.4% from the June 30th total of 3,440,000 shares. Based on an average trading volume of 957,700 shares, the days-to-cover ratio is presently 3.1 days. Approximately 8.4% of the shares of the company are short sold.
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Some companies that are related to Independent Bank Group include Ally Financial (ALLY), 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), Home Bancshares (HOMB), United Bankshares (UBSI), CVB Financial (CVBF) and Wintrust Financial (WTFC).
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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), 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 institutional and retail investors. Top institutional shareholders include Chartwell Investment Partners LLC (0.66%), Wedge Capital Management L L P NC (0.38%), Monarch Partners Asset Management LLC (0.32%), Peregrine Capital Management LLC (0.28%), Comerica Bank (0.20%) and First Trust Advisors LP (0.15%). 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 Hodges Capital Management Inc., and 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 Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Comerica Bank, First Trust Advisors LP, Oregon Public Employees Retirement Fund, New York State Teachers Retirement System, Chartwell Investment Partners LLC, and SG Americas Securities 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 $43.91.

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.