Independent Bank Group (NASDAQ:IBTX – Get Free Report) is projected to post its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect Independent Bank Group to post earnings of $0.69 per share and revenue of $128,402.00 billion for the quarter.
Independent Bank Group Stock Performance
Shares of NASDAQ:IBTX opened at $60.67 on Friday. Independent Bank Group has a 12 month low of $36.47 and a 12 month high of $68.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -5.80 and a beta of 1.39. The company has a 50-day moving average price of $62.99 and a 200-day moving average price of $59.20.
Analyst Ratings Changes
Several analysts recently issued reports on IBTX shares. Keefe, Bruyette & Woods lifted their target price on Independent Bank Group from $72.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Truist Financial reduced their price objective on shares of Independent Bank Group from $66.00 to $63.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com began coverage on shares of Independent Bank Group in a research report on Saturday. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Independent Bank Group has a consensus rating of “Hold” and an average target price of $60.60.
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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