Independent Bank Group (NASDAQ:IBTX – Get Rating) issued its quarterly earnings results on Tuesday. The bank reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08), MarketWatch Earnings reports. Independent Bank Group had a return on equity of 8.77% and a net margin of 31.47%. During the same period last year, the firm posted $1.28 EPS.
Independent Bank Group Stock Performance
NASDAQ IBTX opened at $61.33 on Tuesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 12.36 and a beta of 1.41. Independent Bank Group has a twelve month low of $56.22 and a twelve month high of $79.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $61.79 and a 200 day moving average of $65.45.
Wall Street Analyst Weigh In
IBTX has been the subject of a number of research reports. StockNews.com cut Independent Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 18th. Hovde Group cut Independent Bank Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $82.50 to $70.00 in a report on Wednesday, October 26th. Finally, Truist Financial decreased their price objective on Independent Bank Group from $74.00 to $70.00 in a report on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Independent Bank Group currently has a consensus rating of “Hold” and a consensus price target of $73.75.
Hedge Funds Weigh In On Independent Bank Group
About Independent Bank Group
Independent Bank Group, Inc operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit.
- Get a free copy of the StockNews.com research report on Independent Bank Group (IBTX)
- 3 Late January Earnings Plays With Pop Potential
- Low-Priced Stocks Still Paying Dividends
- Why is the Chipotle Stock Price Surging This Week?
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
Receive News & Ratings for Independent Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.