NASDAQ:IBTX - Independent Bank Group Stock Price, Forecast & News

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

Independent Bank Group announced a quarterly dividend on Wednesday, October 23rd. Investors of record on Monday, November 4th will be paid a dividend of $0.25 per share on Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 1st. View Independent Bank Group's Dividend History.

Independent Bank Group Inc (NASDAQ:IBTX) announced its quarterly earnings data on Monday, October, 21st. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.34 by $0.01. The bank earned $152.72 million during the quarter, compared to analyst estimates of $141.57 million. Independent Bank Group had a net margin of 26.29% and a return on equity of 9.39%. During the same period in the previous year, the firm earned $1.20 EPS. View Independent Bank Group's Earnings History.

Independent Bank Group is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Independent Bank Group.

3 equities research analysts have issued 12 month price targets for Independent Bank Group's shares. Their forecasts range from $60.00 to $67.00. On average, they anticipate Independent Bank Group's stock price to reach $63.50 in the next year. This suggests a possible upside of 19.2% from the stock's current price. View Analyst Price Targets for Independent Bank Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank Group.

Media headlines about IBTX stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independent Bank Group earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Independent Bank Group.

Independent Bank Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 790,100 shares, an increase of 13.9% from the December 31st total of 693,700 shares. Based on an average daily volume of 336,200 shares, the short-interest ratio is presently 2.4 days. Approximately 2.2% of the shares of the company are short sold. View Independent Bank Group's Current Options Chain.

Some companies that are related to Independent Bank Group include Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Popular (BPOP), First Citizens BancShares (FCNCA), First Financial Bankshares (FFIN), Prosperity Bancshares (PB), Glacier Bancorp (GBCI), IBERIABANK (IBKC), First Hawaiian (FHB), Bank of Hawaii (BOH), Wintrust Financial (WTFC), United Bankshares (UBSI) and Bank Ozk (OZK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Amgen (AMGN), Enterprise Products Partners (EPD), Pfizer (PFE), NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA), AT&T (T), Valero Energy (VLO), Wells Fargo & Co (WFC) and Guaranty Bancorp (GBNK).

Independent Bank Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (0.41%), Wedge Capital Management L L P NC (0.35%), Peregrine Capital Management LLC (0.31%), California Public Employees Retirement System (0.22%), Doliver Advisors LP (0.07%) and Assenagon Asset Management S.A. (0.07%). Company insiders that own Independent Bank Group stock include Alicia Kuhn Harrison, Brian E Hobart, Craig E Holmes, Donald L Poarch, Douglas A Cifu, G Stacy Smith, James C White, Jan C Webb, John Webb Jennings III, Mark K Gormley, Michelle S Hickox and Paul W Taylor. View Institutional Ownership Trends for Independent Bank Group.

IBTX stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Doliver Advisors LP and Peregrine Capital Management LLC. Company insiders that have sold Independent Bank Group company stock in the last year include G Stacy Smith, Mark K Gormley, Michelle S Hickox and Paul W Taylor. View Insider Buying and Selling for Independent Bank Group.

IBTX stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Assenagon Asset Management S.A., California Public Employees Retirement System, 55I 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 Michelle S Hickox. View Insider Buying and Selling 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 $53.29.

Independent Bank Group has a market capitalization of $2.29 billion and generates $449.51 million in revenue each year. The bank earns $128.26 million in net income (profit) each year or $4.46 on an earnings per share basis. Independent Bank Group employs 1,087 workers across the globe.View Additional Information About Independent Bank Group.

The official website for Independent Bank Group is http://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.