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 reached pandemic status according to the World Health Organization (WHO). Since then, IBTX stock has increased by 49.5% and is now trading at $48.42.
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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.
View our earnings forecast for Independent Bank Group.

Independent Bank Group Inc (NASDAQ:IBTX) posted its quarterly earnings results on Tuesday, July, 28th. The bank reported $1.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate 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 firm posted $1.22 EPS.
View Independent Bank Group's earnings history.

Independent Bank Group declared 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 yield of 2.07%. The ex-dividend date of this dividend is Friday, August 7th.
View Independent Bank Group's dividend history.

5 analysts have issued twelve-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 share price to reach $43.80 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for Independent Bank Group.

Press coverage about IBTX stock has been trending positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank Group earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about Independent Bank Group.

Independent Bank Group saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,440,000 shares, an increase of 103.6% from the June 15th total of 1,690,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 3.3 days. Currently, 9.6% of the shares of the stock are sold short.
View Independent Bank Group's Short Interest.

Some companies that are related to Independent Bank Group include Ally Financial (ALLY), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC), Prosperity Bancshares (PB), 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), 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), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Dominion Energy (D), Gilead Sciences (GILD), Huntington Bancshares (HBAN) and ONEOK (OKE).

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

Independent Bank Group's stock is owned by a number of 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%), Stieven Capital Advisors L.P. (0.99%), Principal Financial Group Inc. (0.76%) and Prudential Financial Inc. (0.67%). 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., Bank of New York Mellon Corp, FMR LLC, Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Holocene Advisors LP, and Stieven Capital Advisors L.P.. 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 $48.42.

Independent Bank Group has a market capitalization of $2.09 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.