Media stories about Independent Bank Gr (NASDAQ:IBTX) have been trending positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Independent Bank Gr earned a media sentiment score of 0.48 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 43.3190383091903 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of NASDAQ IBTX opened at $70.00 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $2,025.30, a PE ratio of 20.29 and a beta of 1.24. Independent Bank Gr has a 1 year low of $51.70 and a 1 year high of $75.95.
Independent Bank Gr (NASDAQ:IBTX) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.03). The firm had revenue of $88.83 million during the quarter, compared to analysts’ expectations of $83.85 million. Independent Bank Gr had a return on equity of 7.79% and a net margin of 21.91%. During the same period last year, the company earned $0.83 earnings per share. research analysts predict that Independent Bank Gr will post 4.79 earnings per share for the current fiscal year.
Several research analysts have weighed in on IBTX shares. BidaskClub upgraded shares of Independent Bank Gr from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Independent Bank Gr from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Wednesday, January 24th. SunTrust Banks reissued a “hold” rating and issued a $75.00 price objective on shares of Independent Bank Gr in a research note on Tuesday, January 9th. Stephens reissued a “buy” rating on shares of Independent Bank Gr in a research note on Wednesday, January 31st. Finally, Sandler O’Neill reissued a “buy” rating on shares of Independent Bank Gr in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $73.57.
In related news, COO James C. White sold 1,250 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $69.76, for a total transaction of $87,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Webb Jennings III sold 2,750 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $73.15, for a total transaction of $201,162.50. Following the transaction, the director now directly owns 36,206 shares of the company’s stock, valued at $2,648,468.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,299 shares of company stock valued at $4,551,649. Corporate insiders own 7.70% of the company’s stock.
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About Independent Bank Gr
Independent Bank Group, Inc operates as the bank holding company for Independent Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts.
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