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.
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.
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