Shares of Independent Bank Group, Inc. (NASDAQ:IBTX – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $57.83.
IBTX has been the subject of a number of research analyst reports. StockNews.com started coverage on Independent Bank Group in a report on Tuesday, October 29th. They set a “sell” rating for the company. Keefe, Bruyette & Woods boosted their price target on Independent Bank Group from $57.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Truist Financial cut their price objective on Independent Bank Group from $66.00 to $63.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd.
Check Out Our Latest Research Report on IBTX
Institutional Inflows and Outflows
Independent Bank Group Trading Down 0.8 %
NASDAQ IBTX opened at $57.88 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of -5.53 and a beta of 1.37. Independent Bank Group has a 12 month low of $34.54 and a 12 month high of $62.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50-day moving average of $57.87 and a 200-day moving average of $50.78.
Independent Bank Group (NASDAQ:IBTX – Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The company had revenue of $255.18 million during the quarter, compared to analysts’ expectations of $124.48 million. Independent Bank Group had a negative net margin of 43.45% and a positive return on equity of 4.49%. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, equities analysts predict that Independent Bank Group will post 2.51 earnings per share for the current year.
Independent Bank Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.52 annualized dividend and a yield of 2.63%. Independent Bank Group’s dividend payout ratio is currently -14.53%.
Independent Bank Group Company Profile
Independent Bank Group, Inc, through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit.
See Also
- Five stocks we like better than Independent Bank Group
- The 3 Best Blue-Chip Stocks to Buy Now
- Battle of the Retailers: Who Comes Out on Top?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for Independent Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.