Independent Bank Group Inc Plans Quarterly Dividend of $0.06 (IBTX)
Independent Bank Group (NASDAQ:IBTX) announced a quarterly dividend on Wednesday, February 12th, Analyst Ratings Network reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.06 per share on Thursday, March 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.48%.
On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Independent Bank Group from $45.00 to $53.00 in a research note on Wednesday.
Shares of Independent Bank Group (NASDAQ:IBTX) traded up 0.16% on Wednesday, hitting $50.60. The stock had a trading volume of 1,653 shares. Independent Bank Group has a one year low of $27.54 and a one year high of $54.52. The stock’s 50-day moving average is $50.17 and its 200-day moving average is $41.07. The company has a market cap of $611.0 million and a P/E ratio of 31.32.
Independent Bank Group (NASDAQ:IBTX) last released its earnings data on Tuesday, February 11th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. Analysts expect that Independent Bank Group will post $2.32 EPS for the current fiscal year.
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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