Positive Press Coverage Somewhat Unlikely to Impact Independent Bank Group (IBTX) Stock Price

News coverage about Independent Bank Group (NASDAQ:IBTX) has trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Independent Bank Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 48.7088206759862 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Independent Bank Group (IBTX) opened at $63.85 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1,775.47, a PE ratio of 18.89 and a beta of 1.29. Independent Bank Group has a twelve month low of $51.70 and a twelve month high of $66.85.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The business had revenue of $84.99 million for the quarter, compared to analysts’ expectations of $83.00 million. Independent Bank Group had a return on equity of 8.11% and a net margin of 23.46%. During the same period in the previous year, the firm posted $0.78 EPS. equities analysts forecast that Independent Bank Group will post 3.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. Independent Bank Group’s dividend payout ratio is currently 12.90%.

Several equities research analysts recently issued reports on the company. Stephens reissued a “buy” rating and set a $71.00 price objective on shares of Independent Bank Group in a research note on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price target on shares of Independent Bank Group in a research note on Friday, September 1st. Hovde Group raised Independent Bank Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $68.00 to $69.00 in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods raised Independent Bank Group from a “market perform” rating to an “outperform” rating and set a $71.00 price target for the company in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded Independent Bank Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Independent Bank Group currently has an average rating of “Buy” and an average target price of $71.40.

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In related news, Vice Chairman Brian E. Hobart sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $60.71, for a total value of $1,365,975.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Brian E. Hobart sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $65.00, for a total value of $487,500.00. Following the completion of the transaction, the insider now directly owns 111,022 shares in the company, valued at $7,216,430. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,397 shares of company stock worth $3,858,104. Insiders own 7.70% of the company’s stock.

About Independent Bank Group

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.

Insider Buying and Selling by Quarter for Independent Bank Group (NASDAQ:IBTX)

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