NASDAQ:IBTX - Independent 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 decreased by 25.7% and is now trading at $24.06. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independent Bank Group.

Independent Bank Group is scheduled to release its next quarterly earnings announcement on Monday, April 27th 2020. View our earnings forecast for Independent Bank Group.

Independent Bank Group Inc (NASDAQ:IBTX) announced its quarterly earnings data on Monday, January, 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The bank had revenue of $146.30 million for the quarter, compared to analyst estimates of $141.55 million. Independent Bank Group had a return on equity of 9.63% and a net margin of 26.36%. View Independent Bank Group's earnings history.

Independent Bank Group announced a quarterly dividend on Wednesday, January 29th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share on Thursday, February 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, February 7th. View Independent Bank Group's dividend history.

4 brokers have issued 1 year price objectives for Independent Bank Group's shares. Their forecasts range from $60.00 to $61.00. On average, they expect Independent Bank Group's share price to reach $60.50 in the next twelve months. This suggests a possible upside of 151.5% from the stock's current price. View analysts' price targets for Independent Bank Group.

Media stories about IBTX stock have trended extremely negative on Sunday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Independent Bank Group earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View the latest news aboutIndependent Bank Group.

Independent Bank Group saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,247,200 shares, an increase of 27.0% from the February 27th total of 1,770,000 shares. Based on an average daily volume of 550,700 shares, the short-interest ratio is presently 4.1 days. Approximately 6.3% of the shares of the company are sold short. View Independent Bank Group's Current Options Chain.

Some companies that are related to Independent Bank Group include First Financial Bankshares (FFIN), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Glacier Bancorp (GBCI), Popular (BPOP), CVB Financial (CVBF), United Bankshares (UBSI), First Hawaiian (FHB), Bank Ozk (OZK), Bank of Hawaii (BOH), Independent Bank (INDB), IBERIABANK (IBKC), Investors Bancorp (ISBC), Associated Banc (ASB) and South State (SSB).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Group investors own include Enterprise Products Partners (EPD), Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Pfizer (PFE), Store Capital (STOR), Netflix (NFLX), NVIDIA (NVDA), QUALCOMM (QCOM) and Enbridge (ENB).

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

Independent Bank Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Macquarie Group Ltd. (3.01%), Macquarie Group Ltd. (3.00%), State Street Corp (2.56%), Alliancebernstein L.P. (1.58%), Geode Capital Management LLC (1.22%) and Goldman Sachs Group Inc. (1.17%). 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, Jan C Webb, 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 Goldman Sachs Group Inc., Fred Alger Management LLC, Mendon Capital Advisors Corp, Elizabeth Park Capital Advisors Ltd., Summit Creek Advisors LLC, Hodges Capital Management Inc., Marshall Wace LLP, and Royce & Associates LP. 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 activity for Independent Bank Group.

IBTX stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, CNH Partners LLC, Macquarie Group Ltd., Macquarie Group Ltd., Renaissance Technologies LLC, Public Sector Pension Investment Board, New York State Common Retirement Fund, and GAM Holding AG. 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 $24.06.

Independent Bank Group has a market capitalization of $1.04 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. 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.