Independent Bank Group (NASDAQ:IBTX) Receives News Impact Rating of 0.43

Media stories about Independent Bank Group (NASDAQ:IBTX) have trended positive on Sunday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independent Bank Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.4657813252033 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Independent Bank Group (IBTX) traded up $1.85 on Friday, reaching $74.40. The company had a trading volume of 133,412 shares, compared to its average volume of 132,496. Independent Bank Group has a 52-week low of $51.70 and a 52-week high of $75.95. The firm has a market capitalization of $2,102.17, a PE ratio of 21.57 and a beta of 1.29. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

Independent Bank Group (NASDAQ:IBTX) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). Independent Bank Group had a return on equity of 8.26% and a net margin of 21.91%. The company had revenue of $88.83 million during the quarter, compared to analyst estimates of $83.85 million. During the same period in the prior year, the firm earned $0.83 EPS. research analysts forecast that Independent Bank Group will post 4.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Independent Bank Group’s previous quarterly dividend of $0.10. Independent Bank Group’s payout ratio is currently 16.05%.

IBTX has been the topic of several recent analyst reports. BidaskClub raised Independent Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. SunTrust Banks reiterated a “hold” rating and set a $75.00 price target on shares of Independent Bank Group in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Independent Bank Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Wednesday, January 10th. Finally, Sandler O’Neill restated a “buy” rating on shares of Independent Bank Group in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $73.57.

In other news, Vice Chairman Daniel W. Brooks sold 25,000 shares of Independent Bank Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $68.30, for a total value of $1,707,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.70% of the company’s stock.

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About Independent Bank Group

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.

Insider Buying and Selling by Quarter for Independent Bank Group (NASDAQ:IBTX)

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