Independent Bank Group (IBTX) Getting Positive Media Coverage, Analysis Shows

Headlines about Independent Bank Group (NASDAQ:IBTX) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 47.1928255241249 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Independent Bank Group (IBTX) opened at $68.20 on Wednesday. Independent Bank Group has a 12 month low of $51.70 and a 12 month high of $70.75. The firm has a market capitalization of $1,950.00, a price-to-earnings ratio of 20.40 and a beta of 1.31. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.55.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $84.99 million for the quarter, compared to analysts’ expectations of $83.00 million. Independent Bank Group had a return on equity of 8.11% and a net margin of 23.46%. During the same quarter last year, the business earned $0.78 earnings per share. sell-side analysts predict that Independent Bank Group will post 3.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, November 3rd. Independent Bank Group’s dividend payout ratio is 13.75%.

IBTX has been the subject of a number of research reports. Zacks Investment Research upgraded Independent Bank Group from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Independent Bank Group in a research note on Thursday, October 19th. BidaskClub lowered Independent Bank Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $71.00 target price on shares of Independent Bank Group in a research note on Wednesday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.40.

In related news, Vice Chairman Daniel W. Brooks sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $68.30, for a total value of $1,707,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Daniel W. Brooks sold 7,503 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $60.67, for a total value of $455,207.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,397 shares of company stock worth $5,565,604. 7.70% of the stock is owned by company insiders.

WARNING: This report was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/12/06/independent-bank-group-ibtx-getting-positive-media-coverage-analysis-shows.html.

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.

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

What are top analysts saying about Independent Bank Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Independent Bank Group Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit