News headlines about Independent Bank Group (NASDAQ:IBTX) have trended positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Independent Bank Group earned a news sentiment score of 0.44 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 44.6440734242478 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Independent Bank Group (NASDAQ:IBTX) opened at $73.10 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $2,070.00, a P/E ratio of 24.37 and a beta of 1.27. Independent Bank Group has a 12 month low of $51.70 and a 12 month high of $75.95.
Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.03). The business had revenue of $88.83 million for the quarter, compared to the consensus estimate of $83.85 million. Independent Bank Group had a return on equity of 7.79% and a net margin of 21.91%. During the same period last year, the firm earned $0.83 earnings per share. analysts predict that Independent Bank Group will post 4.81 EPS for the current year.
IBTX has been the topic of a number of research reports. BidaskClub upgraded shares of Independent Bank Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. SunTrust Banks reiterated a “hold” rating and set a $75.00 target price on shares of Independent Bank Group in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Independent Bank Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, January 10th. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Independent Bank Group in a research 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 stock. The stock has a consensus rating of “Buy” and an average price target of $73.57.
In related news, Director Douglas A. Cifu sold 29,458 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $74.26, for a total transaction of $2,187,551.08. Following the completion of the sale, the director now directly owns 45,213 shares of the company’s stock, valued at $3,357,517.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas A. Cifu sold 17,425 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $72.51, for a total transaction of $1,263,486.75. Following the sale, the director now directly owns 90,205 shares of the company’s stock, valued at $6,540,764.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,299 shares of company stock valued at $4,263,286. 7.70% of the stock is currently owned by insiders.
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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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