News coverage about Independent Bank Group (NASDAQ:IBTX) has trended positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independent Bank Group earned a daily sentiment score of 0.44 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.837471278693 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Independent Bank Group (IBTX) opened at $73.85 on Wednesday. Independent Bank Group has a 12 month low of $51.70 and a 12 month high of $75.95. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The company has a market cap of $2,102.16, a P/E ratio of 24.70 and a beta of 1.29.
Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.03). Independent Bank Group had a net margin of 21.91% and a return on equity of 8.26%. The company had revenue of $88.83 million for the quarter, compared to analyst estimates of $83.85 million. During the same quarter in the prior year, the business earned $0.83 EPS. research analysts expect that Independent Bank Group will post 4.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, February 9th. This is a positive change from Independent Bank Group’s previous quarterly dividend of $0.10. Independent Bank Group’s dividend payout ratio (DPR) is currently 16.05%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Independent Bank Group from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Wednesday, January 10th. Stephens reiterated a “buy” rating on shares of Independent Bank Group in a research note on Wednesday, January 31st. Sandler O’Neill reiterated a “buy” rating on shares of Independent Bank Group in a research note on Wednesday, January 31st. SunTrust Banks reiterated a “neutral” rating on shares of Independent Bank Group in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded shares of Independent Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $73.57.
In related news, Vice Chairman Daniel W. Brooks sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $68.30, for a total transaction of $1,707,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 7.70% of the stock is owned by company insiders.
Independent Bank Group Company Profile
Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area.
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