Independent Bank Gr (IBTX) Earns Coverage Optimism Score of 0.38
News stories about Independent Bank Gr (NASDAQ:IBTX) have trended positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Independent Bank Gr earned a coverage optimism score of 0.38 on Accern’s scale. Accern also gave headlines about the bank an impact score of 43.4425133581684 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Independent Bank Gr (IBTX) Set to Announce Earnings on Monday (americanbankingnews.com)
- Keefe, Bruyette & Woods Upgrades Independent Bank Gr (IBTX) to Outperform (americanbankingnews.com)
- Analyzing Independent Bank Gr (IBTX) & Banco Bradesco (BBD) (americanbankingnews.com)
- Independent Bank Gr (IBTX) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Independent Bank Group, Inc. Announces Q1 2018 Earnings Call (finance.yahoo.com)
Several brokerages have recently issued reports on IBTX. Zacks Investment Research upgraded Independent Bank Gr from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Wednesday, January 10th. SunTrust Banks restated a “neutral” rating on shares of Independent Bank Gr in a research note on Wednesday, January 31st. Stephens restated a “buy” rating on shares of Independent Bank Gr in a research note on Wednesday, January 31st. Sandler O’Neill restated a “buy” rating on shares of Independent Bank Gr in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded Independent Bank Gr from a “hold” rating to a “buy” rating in a research note on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $73.57.
Independent Bank Gr (NASDAQ:IBTX) last posted its earnings results on Monday, January 29th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The business had revenue of $88.83 million for the quarter, compared to analysts’ expectations of $83.85 million. Independent Bank Gr had a return on equity of 7.79% and a net margin of 21.91%. During the same quarter in the previous year, the firm earned $0.83 EPS. sell-side analysts anticipate that Independent Bank Gr will post 4.77 earnings per share for the current fiscal year.
In other Independent Bank Gr news, Director Douglas A. Cifu sold 17,425 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $72.51, for a total value of $1,263,486.75. Following the completion of the sale, the director now owns 90,205 shares in the company, valued at $6,540,764.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO James C. White sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $69.76, for a total value of $87,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,299 shares of company stock valued at $4,551,649. 7.70% of the stock is owned by company insiders.
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Independent Bank Gr Company Profile
Independent Bank Group, Inc operates as the bank holding company for Independent Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts.
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