Research Analysts’ Weekly Ratings Changes for Independent Bank Group (IBTX)

Several brokerages have updated their recommendations and price targets on shares of Independent Bank Group (NASDAQ: IBTX) in the last few weeks:

  • 1/31/2018 – Independent Bank Group had its “neutral” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 1/31/2018 – Independent Bank Group had its “buy” rating reaffirmed by analysts at Stephens.
  • 1/31/2018 – Independent Bank Group had its “buy” rating reaffirmed by analysts at Sandler O’Neill.
  • 1/30/2018 – Independent Bank Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/25/2018 – Independent Bank Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Independent Bank Group, Inc. is a bank holding company that conducts its business activities through its subsidiary, Independent Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, commercial real estate loans, interim construction loans, loans to professionals, residential first and second mortgage loans , loans to purchase cars, boats and other recreational vehicles. Independent Bank Group, Inc. is headquartered in McKinney, Texas. “
  • 1/24/2018 – Independent Bank Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Independent Bank Group, Inc. is a bank holding company that conducts its business activities through its subsidiary, Independent Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, commercial real estate loans, interim construction loans, loans to professionals, residential first and second mortgage loans , loans to purchase cars, boats and other recreational vehicles. Independent Bank Group, Inc. is headquartered in McKinney, Texas. “
  • 1/16/2018 – Independent Bank Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/12/2018 – Independent Bank Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Independent Bank Group, Inc. is a bank holding company that conducts its business activities through its subsidiary, Independent Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, commercial real estate loans, interim construction loans, loans to professionals, residential first and second mortgage loans , loans to purchase cars, boats and other recreational vehicles. Independent Bank Group, Inc. is headquartered in McKinney, Texas. “
  • 1/10/2018 – Independent Bank Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. According to Zacks, “Independent Bank Group, Inc. is a bank holding company that conducts its business activities through its subsidiary, Independent Bank. The company offers personal and commercial banking services to businesses, professionals and individuals. Its services includes checking accounts, savings accounts, commercial real estate loans, interim construction loans, loans to professionals, residential first and second mortgage loans , loans to purchase cars, boats and other recreational vehicles. Independent Bank Group, Inc. is headquartered in McKinney, Texas. “
  • 1/9/2018 – Independent Bank Group had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $75.00 price target on the stock.
  • 12/27/2017 – Independent Bank Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/20/2017 – Independent Bank Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Independent Bank Group Inc (IBTX) opened at $70.15 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a market cap of $1,952.41, a PE ratio of 23.46 and a beta of 1.29. Independent Bank Group Inc has a 1 year low of $51.70 and a 1 year high of $75.95.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company had revenue of $88.83 million during the quarter, compared to analyst estimates of $83.85 million. Independent Bank Group had a net margin of 21.91% and a return on equity of 8.26%. During the same quarter in the previous year, the business posted $0.83 EPS. equities research analysts forecast that Independent Bank Group Inc will post 4.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from Independent Bank Group’s previous quarterly dividend of $0.10. Independent Bank Group’s dividend payout ratio (DPR) is presently 16.05%.

In other Independent Bank Group news, Vice Chairman Daniel W. Brooks sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $68.30, for a total value of $1,707,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.70% of the company’s stock.

Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area.

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