Independent Bank Group Price Target Increased to $53.00 by Analysts at Keefe, Bruyette & Woods (IBTX)
Equities researchers at Keefe, Bruyette & Woods increased their price objective on shares of Independent Bank Group (NASDAQ:IBTX) from $45.00 to $53.00 in a research report issued on Wednesday, StockRatingsNetwork.com reports. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.74% from the company’s current price.
Shares of Independent Bank Group (NASDAQ:IBTX) traded up 0.14% during mid-day trading on Wednesday, hitting $50.59. 2,352 shares of the company’s stock traded hands. Independent Bank Group has a 52-week low of $27.54 and a 52-week 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 $610.9 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 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.01. Analysts expect that Independent Bank Group will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 6th. Investors of record on Monday, February 24th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.47%.
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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