Independent Bank Group (NASDAQ:IBTX – Get Rating) is set to release quarterly earnings data after market close on Monday, April 25. Analysts expect the company to report earnings of $1.12 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

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

NASDAQ:IBTX opened at $70.00 on Monday. The company’s fifty-day moving average is $74.54 and its 200-day moving average is $73.88. The company has a debt 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 company has a market capitalization 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 17. Shareholders of record on Thursday, February 10 received a dividend of $0.38. This is a positive change from the Independent Bank Group’s previous quarterly dividend of $0.36. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, February 9. The Independent Bank Group’s dividend distribution rate is currently 29.17%.

In other Independent Bank Group news, Executive Vice Chairman James C. White sold 1,361 Independent Bank Group shares in a trade dated Tuesday, March 1. 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 on the SEC’s website. Additionally, G manager Stacy Smith sold 9,000 shares in a trade that took place on Thursday, January 27. The stock was sold at an average price of $75.73, for a total value of $681,570.00. The disclosure of this sale can be found here. Insiders sold 13,086 shares of the company worth $992,298 in the past ninety days. 4.00% of the shares are held by insiders.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. The Ohio Public Employees Retirement System increased its stake in shares of Independent Bank Group by 43.1% in the fourth quarter. The Ohio Public Employees Retirement System now owns 700 shares of the bank worth $51,000 after buying 211 more shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Independent Bank Group by 167.3% in Q4. Cubist Systematic Strategies LLC now owns 25,514 shares of the bank valued at $1,841,000 after purchasing an additional 15,970 shares during the period. Deutsche Bank AG increased its position in Independent Bank Group shares by 4.0% during the 4th quarter. Deutsche Bank AG now owns 28,200 shares of the bank valued at $2,035,000 after buying 1,096 additional shares in the last quarter. Credit Suisse AG increased its holding in shares of Independent Bank Group by 7.1% during the 4th quarter. Credit Suisse AG now owns 35,420 shares of the bank worth $2,554,000 after buying 2,339 additional shares during the period. Finally, the California State Teachers Retirement System increased its holdings of Independent Bank Group shares by 2.6% in the fourth quarter. California State Teachers Retirement System now owns 51,683 shares of the bank worth $3,729,000 after buying 1,296 additional shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s shares.

IBTX has been the subject of a number of analyst reports. Janney Montgomery Scott launched a hedge on the shares of Independent Bank Group in a Wednesday, March 9 research note. They issued a “neutral” rating on the title. Truist Financial raised its price target on shares of Independent Bank Group from $80.00 to $85.00 and gave the company a “buy” rating in a Wednesday, January 26, report. StockNews.com began covering Independent Bank Group stocks in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Zacks Investment Research upgraded Independent Bank Group from a “hold” rating to a “buy” rating and set a target price of $87.00 for the company in a Wednesday, January 12 research report.

Independent Banking Group Company Profile (Get an evaluation)

Independent Bank Group, Inc operates as a bank holding company for Independent Bank which 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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