Independent Bank Group (IBTX) Scheduled to Post Earnings on Monday

Independent Bank Group (NASDAQ:IBTXGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 25th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Independent Bank Group (NASDAQ:IBTXGet Rating) last posted its quarterly earnings data on Monday, January 24th. The bank reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.01. Independent Bank Group had a net margin of 34.57% and a return on equity of 8.88%. The company had revenue of $147.74 million for the quarter, compared to analyst estimates of $147.30 million. During the same period in the prior year, the firm posted $1.34 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect Independent Bank Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NASDAQ:IBTX opened at $70.00 on Monday. The firm’s fifty day moving average is $74.54 and its 200-day moving average is $73.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Independent Bank Group has a 52 week low of $62.82 and a 52 week high of $80.14. The firm has a market cap of $3.01 billion, a P/E ratio of 13.44 and a beta of 1.70.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 17th. Stockholders of record on Thursday, February 10th were paid a $0.38 dividend. This is a positive change from Independent Bank Group’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, February 9th. Independent Bank Group’s dividend payout ratio is currently 29.17%.

In other Independent Bank Group news, EVP James C. White sold 1,361 shares of Independent Bank Group stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $74.86, for a total transaction of $101,884.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Stacy Smith sold 9,000 shares of the stock in a transaction that occurred on Thursday, January 27th. The stock was sold at an average price of $75.73, for a total value of $681,570.00. The disclosure for this sale can be found here. Insiders have sold 13,086 shares of company stock worth $992,298 over the last ninety days. 4.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Independent Bank Group by 43.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 700 shares of the bank’s stock worth $51,000 after buying an additional 211 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Independent Bank Group by 167.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 25,514 shares of the bank’s stock valued at $1,841,000 after purchasing an additional 15,970 shares during the period. Deutsche Bank AG increased its position in shares of Independent Bank Group by 4.0% during the 4th quarter. Deutsche Bank AG now owns 28,200 shares of the bank’s stock valued at $2,035,000 after purchasing an additional 1,096 shares during the last quarter. Credit Suisse AG raised its stake in shares of Independent Bank Group by 7.1% during the 4th quarter. Credit Suisse AG now owns 35,420 shares of the bank’s stock worth $2,554,000 after purchasing an additional 2,339 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Independent Bank Group by 2.6% in the 4th quarter. California State Teachers Retirement System now owns 51,683 shares of the bank’s stock worth $3,729,000 after buying an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

IBTX has been the topic of a number of analyst reports. Janney Montgomery Scott initiated coverage on shares of Independent Bank Group in a research note on Wednesday, March 9th. They issued a “neutral” rating on the stock. Truist Financial upped their price objective on shares of Independent Bank Group from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, January 26th. StockNews.com began coverage on shares of Independent Bank Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised Independent Bank Group from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Wednesday, January 12th.

Independent Bank Group Company Profile (Get Rating)

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.

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Earnings History for Independent Bank Group (NASDAQ:IBTX)

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