Independent Bank Group (IBTX) Scheduled to Post Earnings on Monday
Independent Bank Group (NASDAQ:IBTX) will be posting its quarterly earnings results after the market closes on Monday, July 22nd. Analysts expect Independent Bank Group to post earnings of $1.27 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Independent Bank Group (NASDAQ:IBTX) last released its earnings results on Monday, April 22nd. The bank reported $1.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.19. Independent Bank Group had a net margin of 26.04% and a return on equity of 8.92%. The firm had revenue of $138.08 million for the quarter, compared to analyst estimates of $137.40 million. On average, analysts expect Independent Bank Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
IBTX stock opened at $56.18 on Friday. The stock’s 50 day moving average price is $54.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Independent Bank Group has a fifty-two week low of $44.14 and a fifty-two week high of $71.35. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.60 and a beta of 1.43.
Several brokerages have commented on IBTX. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. BidaskClub upgraded shares of Zogenix from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Stephens set a $131.00 price target on shares of American Express and gave the company a “buy” rating in a research note on Monday, May 20th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.40.
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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