Media stories about Independent Bank Group (NASDAQ:IBTX) have been trending positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank Group earned a news impact score of 0.38 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.6419523355664 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of brokerages recently issued reports on IBTX. Stephens reaffirmed a “buy” rating and issued a $71.00 price target on shares of Independent Bank Group in a report on Tuesday, July 25th. Zacks Investment Research downgraded Independent Bank Group from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BidaskClub downgraded Independent Bank Group from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Hovde Group raised Independent Bank Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $68.00 to $69.00 in a report on Wednesday, July 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price target on shares of Independent Bank Group in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.67.

Independent Bank Group (IBTX) traded down 1.57% during midday trading on Friday, hitting $56.45. The stock had a trading volume of 330,500 shares. The company has a 50-day moving average price of $57.42 and a 200-day moving average price of $59.57. Independent Bank Group has a 12-month low of $42.73 and a 12-month high of $66.85. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 17.92 and a beta of 1.27.

Independent Bank Group (NASDAQ:IBTX) last issued its quarterly earnings results on Monday, July 24th. The bank reported $0.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.82. Independent Bank Group had a return on equity of 8.43% and a net margin of 23.52%. The business had revenue of $80.50 million during the quarter, compared to the consensus estimate of $81.31 million. During the same period in the previous year, the business earned $0.74 EPS. The business’s quarterly revenue was up 58.4% on a year-over-year basis. Equities analysts anticipate that Independent Bank Group will post $3.31 EPS for the current year.

In other news, Director John Webb Jennings III sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $61.78, for a total value of $185,340.00. Following the completion of the sale, the director now directly owns 38,350 shares in the company, valued at approximately $2,369,263. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at

About Independent Bank Group

Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area.

Insider Buying and Selling by Quarter for Independent Bank Group (NASDAQ:IBTX)

Receive News & Ratings for Independent Bank Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank Group Inc and related companies with's FREE daily email newsletter.