Independent Bank Group Inc (IBTX) Declares Quarterly Dividend of $0.06
Independent Bank Group (NASDAQ:IBTX) declared a quarterly dividend on Tuesday, August 5th, Stock Ratings Network.com reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.06 per share on Thursday, August 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%.
A number of research firms have recently commented on IBTX. Analysts at Zacks downgraded shares of Independent Bank Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $46.00 price target on the stock. On the ratings front, analysts at Macquarie upgraded shares of Independent Bank Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.83.
Independent Bank Group (NASDAQ:IBTX) traded up 1.08% during mid-day trading on Tuesday, hitting $48.47. 38,469 shares of the company’s stock traded hands. Independent Bank Group has a 1-year low of $33.35 and a 1-year high of $61.49. The stock’s 50-day moving average is $52.32 and its 200-day moving average is $52.73. The company has a market cap of $793.5 million and a P/E ratio of 34.72.
Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. Analysts expect that Independent Bank Group will post $2.32 EPS for the current fiscal year.
In other Independent Bank Group news, Director G Stacy Smith purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $47.41 per share, for a total transaction of $71,115.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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