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Stock analysts at Sterne Agee started coverage on shares of Independent Bank Group (NASDAQ:IBTX) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on IBTX. Analysts at Stephens initiated coverage on shares of Independent Bank Group in a research note on Friday, April 4th. They set an “equal weight” rating and a $60.00 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Independent Bank Group from $53.00 to $57.00 in a research note on Wednesday, March 19th.

Independent Bank Group (NASDAQ:IBTX) opened at 48.23 on Friday. Independent Bank Group has a one year low of $27.90 and a one year high of $61.49. The stock’s 50-day moving average is $54.54 and its 200-day moving average is $50.13. The company has a market cap of $789.3 million and a P/E ratio of 38.84.

Independent Bank Group (NASDAQ:IBTX) last announced its earnings results on Wednesday, April 30th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.04. On average, analysts predict that Independent Bank Group will post $2.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, May 13th.

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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