Positive News Coverage Somewhat Unlikely to Affect Independent Bank Group (NASDAQ:IBTX) Share Price

Media coverage about Independent Bank Group (NASDAQ:IBTX) has been trending positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Independent Bank Group earned a news sentiment score of 0.42 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.698589421738 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

Shares of Independent Bank Group (IBTX) traded up $0.90 during midday trading on Friday, reaching $73.20. 51,341 shares of the company’s stock traded hands, compared to its average volume of 91,284. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.04. Independent Bank Group has a twelve month low of $51.70 and a twelve month high of $73.50. The firm has a market cap of $2,038.66, a PE ratio of 23.61 and a beta of 1.31.

Independent Bank Group (NASDAQ:IBTX) last posted its earnings results on Monday, October 23rd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $84.99 million during 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 previous year, the firm earned $0.78 EPS. sell-side analysts forecast that Independent Bank Group will post 3.47 earnings per share for the current fiscal year.

A number of analysts recently commented on IBTX shares. BidaskClub cut shares of Independent Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 target price on shares of Independent Bank Group in a research note on Thursday, October 19th. SunTrust Banks restated a “hold” rating and set a $75.00 price objective on shares of Independent Bank Group in a research note on Tuesday. Zacks Investment Research cut shares of Independent Bank Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $71.00 price objective on shares of Independent Bank Group in a research note on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Independent Bank Group currently has an average rating of “Buy” and an average price target of $72.86.

In other news, Vice Chairman Daniel W. Brooks sold 25,000 shares of Independent Bank Group 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 Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Daniel W. Brooks sold 7,497 shares of Independent Bank Group stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $61.50, for a total transaction of $461,065.50. Following the transaction, the insider now directly owns 142,332 shares of the company’s stock, valued at $8,753,418. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,894 shares of company stock valued at $5,110,397. Insiders own 7.70% of the company’s stock.

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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.

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

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