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 (WHO). Since then, IBTX shares have increased by 46.4% and is now trading at $47.42.
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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) issued its earnings results on Tuesday, July, 28th. The bank reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.25. The bank earned $153.75 million during the quarter, compared to analyst estimates 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 earnings per share.
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Independent Bank Group announced a quarterly dividend on Wednesday, July 29th. Shareholders 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 2.11%. The ex-dividend date of this dividend is Friday, August 7th.
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5 analysts 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 twelve months. This suggests that the stock has a possible downside of 7.6%.
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News articles about IBTX stock have been trending very positive on Saturday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. 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 daily sentiment score of 4.0 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
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 31st, there was short interest totaling 2,980,000 shares, a decline of 13.4% from the July 15th total of 3,440,000 shares. Based on an average daily volume of 957,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 8.4% of the shares of the company are sold short.
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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 Financial Bankshares (FFIN), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Glacier Bancorp (GBCI), Bank Ozk (OZK), Popular (BPOP), United Bankshares (UBSI), Home Bancshares (HOMB), 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 a number of retail and institutional investors. Top institutional shareholders include Stieven Capital Advisors L.P. (0.99%), Principal Financial Group Inc. (0.76%), Chartwell Investment Partners LLC (0.66%), Wedge Capital Management L L P NC (0.38%), Monarch Partners Asset Management LLC (0.32%) and Peregrine Capital Management LLC (0.28%). 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 Trexquant Investment LP, Hodges Capital Management Inc., US Bancorp DE, 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.
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IBTX stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Stieven Capital Advisors L.P., Comerica Bank, LSV Asset Management, Texas Permanent School Fund, and Rafferty Asset 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 $47.42.

Independent Bank Group has a market capitalization of $2.05 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.