Independent Bank Group (NASDAQ:IBTX – Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06, Briefing.com reports. Independent Bank Group had a net margin of 10.96% and a return on equity of 4.99%. The business had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $121.39 million. During the same period last year, the company posted $1.07 EPS. The business’s revenue was down 15.3% on a year-over-year basis.
Independent Bank Group Stock Performance
NASDAQ IBTX traded up $0.27 during mid-day trading on Wednesday, reaching $40.82. 300,968 shares of the stock were exchanged, compared to its average volume of 227,299. The business’s 50 day moving average is $43.49 and its 200-day moving average is $43.63. Independent Bank Group has a 1 year low of $28.81 and a 1 year high of $53.25. The company has a market capitalization of $1.68 billion, a P/E ratio of 39.17 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.97 and a current ratio of 0.97.
Independent Bank Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Wednesday, May 1st. Independent Bank Group’s dividend payout ratio (DPR) is currently 146.15%.
Analyst Ratings Changes
Read Our Latest Analysis on IBTX
About Independent Bank Group
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.
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