Independent Bank Group Inc (NASDAQ:IBTX) to Issue $0.25 Quarterly Dividend

Share on StockTwits

Independent Bank Group Inc (NASDAQ:IBTX) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.25 per share by the bank on Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, November 1st.

Shares of Independent Bank Group stock traded down $0.42 on Wednesday, hitting $54.40. The company had a trading volume of 6,353 shares, compared to its average volume of 254,354. The firm has a market capitalization of $2.35 billion, a P/E ratio of 12.25 and a beta of 1.43. Independent Bank Group has a twelve month low of $44.14 and a twelve month high of $60.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a 50-day moving average of $52.52 and a 200-day moving average of $53.42.

Independent Bank Group (NASDAQ:IBTX) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.01. The company had revenue of $152.72 million during the quarter, compared to analysts’ expectations of $141.57 million. Independent Bank Group had a net margin of 26.29% and a return on equity of 9.39%. During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities analysts predict that Independent Bank Group will post 4.99 EPS for the current year.

Several research analysts have recently weighed in on IBTX shares. ValuEngine upgraded shares of Independent Bank Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Stephens reiterated a “buy” rating on shares of Independent Bank Group in a report on Tuesday, October 22nd. Zacks Investment Research cut shares of Independent Bank Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. SunTrust Banks reduced their price target on shares of Independent Bank Group from $61.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Finally, BidaskClub upgraded shares of Independent Bank Group from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.00.

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 offers various deposit products, including demand deposits, money market accounts, and certificates of deposit.

See Also: Does a trade war provide a risk to the global economy?

Dividend History for Independent Bank Group (NASDAQ:IBTX)

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.



Latest News

Avanos Medical Inc  Shares Sold by Commonwealth Equity Services LLC
Avanos Medical Inc Shares Sold by Commonwealth Equity Services LLC
Comerica Bank Reduces Position in Ritchie Bros. Auctioneers Inc
Comerica Bank Reduces Position in Ritchie Bros. Auctioneers Inc
Line Corp  Shares Sold by Comerica Bank
Line Corp Shares Sold by Comerica Bank
Comerica Bank Boosts Stake in Onespan Inc
Comerica Bank Boosts Stake in Onespan Inc
Comerica Bank Grows Stake in iShares MSCI EAFE Value ETF
Comerica Bank Grows Stake in iShares MSCI EAFE Value ETF
Comerica Bank Reduces Position in Mobil’nye Telesistemy PAO
Comerica Bank Reduces Position in Mobil’nye Telesistemy PAO


© 2006-2019 Ticker Report