Independent Bank Group (IBTX) Set to Announce Earnings on Monday

Independent Bank Group (NASDAQ:IBTX) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Independent Bank Group to post earnings of $1.36 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Independent Bank Group (NASDAQ:IBTX) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.05). The firm had revenue of $145.84 million during the quarter, compared to the consensus estimate of $138.67 million. Independent Bank Group had a net margin of 26.06% and a return on equity of 9.18%. On average, analysts expect Independent Bank Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NASDAQ IBTX opened at $52.55 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 11.78 and a beta of 1.43. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. Independent Bank Group has a 1-year low of $44.14 and a 1-year high of $61.39. The company has a fifty day moving average price of $51.59 and a 200 day moving average price of $53.44.

IBTX has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Independent Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks reduced their target price on shares of Independent Bank Group from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. ValuEngine raised shares of Independent Bank Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Independent Bank Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Independent Bank Group currently has a consensus 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.

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Earnings History for Independent Bank Group (NASDAQ:IBTX)

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