Independent Bank Group (IBTX) News Today

Independent Bank Group, Inc. (NASDAQ:IBTX) declared a quarterly dividend on Wednesday, July 24th. Stockholders of record on Monday, August 5th will be given a dividend of 0.38 per share by the bank on Monday, August 19th. This represents a $1.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, August 5th.

Independent Bank Group (NASDAQ:IBTX - Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Independent Bank Group had a return on equity of 4.97% and a net margin of 10.96%. The firm had revenue of $252.52 million during the quarter, compared to analysts' expectations of $120.25 million. During the same quarter in the prior year, the firm posted $0.82 EPS.

Bessemer Group Inc. grew its holdings in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 226,860 shares of the bank's stock after purchasing an additional 14,534

Edgestream Partners L.P. increased its stake in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 72.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,249 shares of the bank's stock after purchasing an addi

Independent Bank Group (NASDAQ:IBTX) Sets New 12-Month High at $56.79

Shares of Independent Bank Group, Inc. (NASDAQ:IBTX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have

StockNews.com began coverage on shares of Independent Bank Group in a research note on Wednesday. They set a "sell" rating for the company.

Independent Bank Group (NASDAQ:IBTX) Reaches New 52-Week High at $53.85

GSA Capital Partners LLP raised its stake in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 75.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,286 shares of the bank's stock after buying an additional

Keefe, Bruyette & Woods raised their price objective on shares of Independent Bank Group from $46.00 to $57.00 and gave the company an "outperform" rating in a report on Tuesday.

Vanguard Group Inc. increased its position in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,180,301 shares of the bank's stock after purchasing an additional 22,245 sh

StockNews.com started coverage on Independent Bank Group in a report on Monday. They set a "sell" rating on the stock.

First Dallas Securities Inc. purchased a new position in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,252 shares of the bank's stock, valued at approxi

Independent Bank Group, Inc. (NASDAQ:IBTX - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy rec

Rafferty Asset Management LLC lifted its holdings in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,428 shares of

StockNews.com began coverage on shares of Independent Bank Group in a report on Friday. They issued a "sell" rating on the stock.

The Manufacturers Life Insurance Company lifted its stake in shares of Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 770,665 shares of the bank's stoc

Piper Sandler upgraded Independent Bank Group from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $38.00 to $58.00 in a research report on Friday.

Trexquant Investment LP lessened its holdings in Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 70.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,423 shares of the bank's stock a

Independent Bank Group, Inc. (NASDAQ:IBTX - Get Free Report) has been assigned an average rating of "Hold" from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three

Truist Financial reiterated a "hold" rating and set a $50.00 price target (up from $46.00) on shares of Independent Bank Group in a report on Wednesday.

Charles Schwab Investment Management Inc. boosted its position in shares of Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 428,793 shares of the bank's stock after acquiring an a

Dimensional Fund Advisors LP lifted its holdings in shares of Independent Bank Group, Inc. (NASDAQ:IBTX - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,114,470 shares of the bank's stock after acquiring an

Independent Bank Group (NASDAQ:IBTX) Sees Strong Trading Volume

Independent Bank Group (NASDAQ:IBTX) Shares Gap Up to $43.94

Independent Bank Group, Inc. (NASDAQ:IBTX - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 2,380,000 shares, a drop of 9.8% from the April 15th total of 2,640,000 shares. Approximately 6.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 219,100 shares, the short-interest ratio is presently 10.9 days.

Truist Financial dropped their target price on shares of Independent Bank Group from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Thursday.

Independent Bank Group (NASDAQ:IBTX) Shares Gap Down After Analyst Downgrade

Independent Bank Group, Inc. (NASDAQ:IBTX) announced a quarterly dividend on Monday, April 22nd. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.38 per share by the bank on Thursday, May 16th. This represents a $1.52 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, May 1st.

Piper Sandler lowered shares of Independent Bank Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $48.00 to $38.00 in a research report on Wednesday.