Independent Bank Group (IBTX) Releases Quarterly Earnings Results
Independent Bank Group (NASDAQ:IBTX) posted its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02, American Banking and Market News reports.
Shares of Independent Bank Group (NASDAQ:IBTX) traded up 0.05% on Tuesday, hitting $37.45. The stock had a trading volume of 8,391 shares. Independent Bank Group has a 52-week low of $27.54 and a 52-week high of $37.57. The stock’s 50-day moving average is $34.73 and its 200-day moving average is $31.13. The company has a market cap of $452.2 million and a P/E ratio of 22.37.
IBTX has been the subject of a number of recent research reports. Analysts at Sandler O’Neill raised their price target on shares of Independent Bank Group to $42.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Independent Bank Group from $32.00 to $37.00 in a research note to investors on Tuesday, August 6th.
Independent Bank Group, Inc, is bank holding company. Through its wholly owned subsidiary, Independent Bank (NASDAQ:IBTX), a state chartered bank, the Company provides a range of commercial banking products and services for businesses, professionals and individuals.
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