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 48.7% and is now trading at $48.14.
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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 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The bank earned $153.75 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company posted $1.22 EPS.
View Independent Bank Group's earnings history.

Independent Bank Group declared a quarterly dividend on Wednesday, July 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, August 7th.
View Independent Bank Group's dividend history.

5 equities research analysts have issued 12 month target prices for Independent Bank Group's shares. 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 9.0%.
View analysts' price targets for Independent Bank Group.

News coverage about IBTX stock has trended negative on Friday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank Group earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Independent Bank Group.

Independent Bank Group saw a increase in short interest during 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. Approximately 9.6% of the shares of the company are short sold.
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 variety of retail and institutional investors. Top institutional shareholders include 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%), Prudential Financial Inc. (0.67%) and Chartwell Investment Partners LLC (0.66%). 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., Trexquant Investment LP, Prudential Financial Inc., ClariVest Asset Management LLC, Hodges Capital Management Inc., Doliver Advisors LP, and Covenant Multifamily Offices LLC. 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 Principal Financial Group Inc., Bank of New York Mellon Corp, FMR LLC, Monarch Partners Asset Management LLC, Peregrine Capital Management LLC, Stieven Capital Advisors L.P., Comerica Bank, and State of Wisconsin Investment Board. 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 $48.14.

Independent Bank Group has a market capitalization of $2.08 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.