Independent Bank Group (IBTX) Getting Positive Press Coverage, Analysis Finds

Media stories about Independent Bank Group (NASDAQ:IBTX) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Independent Bank Group earned a news impact score of 0.43 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.4657813252033 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Independent Bank Group (IBTX) traded up $0.97 during trading on Friday, hitting $68.85. The stock had a trading volume of 150,054 shares, compared to its average volume of 125,303. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market cap of $1,945.36, a price-to-earnings ratio of 23.03 and a beta of 1.29. 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 announced its quarterly earnings data on Monday, January 29th. The bank reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). The firm had revenue of $88.83 million for the quarter, compared to the consensus estimate of $83.85 million. Independent Bank Group had a net margin of 21.91% and a return on equity of 8.26%. During the same quarter last year, the company posted $0.83 earnings per share. analysts expect that Independent Bank Group will post 4.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 9th. This is a positive change from Independent Bank Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.70%. Independent Bank Group’s dividend payout ratio is 13.38%.

Several analysts have weighed in on the company. SunTrust Banks reaffirmed a “neutral” rating on shares of Independent Bank Group in a report on Wednesday, January 31st. Stephens reaffirmed a “buy” rating on shares of Independent Bank Group in a report on Wednesday, January 31st. Sandler O’Neill reaffirmed a “buy” rating on shares of Independent Bank Group in a report on Wednesday, January 31st. BidaskClub cut Independent Bank Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research cut Independent Bank Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Independent Bank Group has a consensus rating of “Buy” and a consensus price target of $73.57.

In other news, Vice Chairman Daniel W. Brooks sold 25,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $68.30, for a total transaction of $1,707,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.70% of the stock is currently owned by corporate insiders.

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Independent Bank Group Company Profile

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)

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