Media headlines about Independent Bank Group (NASDAQ:IBTX) have trended positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news 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 coverage optimism score of 0.41 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.6791591995508 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
Several brokerages have recently issued reports on IBTX. BidaskClub cut shares of Independent Bank Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Independent Bank Group in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Independent Bank Group from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $71.00 target price on shares of Independent Bank Group in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.40.
Shares of Independent Bank Group (NASDAQ:IBTX) opened at $68.90 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.04 and a quick ratio of 1.03. Independent Bank Group has a 1 year low of $51.70 and a 1 year high of $70.75. The firm has a market cap of $1,923.05, a PE ratio of 20.18 and a beta of 1.31.
Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The company had revenue of $84.99 million for the quarter, compared to analyst estimates of $83.00 million. Independent Bank Group had a net margin of 23.46% and a return on equity of 8.11%. During the same period in the prior year, the company posted $0.78 EPS. equities research analysts predict that Independent Bank Group will post 3.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were paid a $0.10 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. Independent Bank Group’s dividend payout ratio is currently 12.90%.
In other Independent Bank Group news, Vice Chairman Daniel W. Brooks sold 7,503 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $60.67, for a total value of $455,207.01. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Daniel W. Brooks sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $68.30, for a total transaction of $1,707,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,397 shares of company stock worth $5,565,604 over the last 90 days. 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.
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