$0.93 EPS Expected for Independent Bank Group, Inc. (IBTX)

January 14, 2018 - By Henry Gaston

 $0.93 EPS Expected for Independent Bank Group, Inc. (IBTX)
Investors sentiment decreased to 1.4 in 2017 Q3. Its down 0.27, from 1.67 in 2017Q2. It turned negative, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported.
Fred Alger reported 229,286 shares. Vanguard Grp reported 703,642 shares. Oppenheimer Asset stated it has 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Moreover, Alliancebernstein Ltd Partnership has 0.03% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 641,718 shares. Credit Suisse Ag owns 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 14,789 shares. 26,385 are owned by Parametric Port Assoc Ltd Limited Liability Company. Banc Funds Co Limited Company accumulated 22,800 shares. Us Bank & Trust De has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Frontier Inv Mngmt has invested 1.23% in Independent Bank Group, Inc. (NASDAQ:IBTX). Next Century Growth Investors Ltd Limited Liability Company stated it has 132,921 shares. Moreover, Emerald Mutual Fund Advisers has 0.04% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 15,731 shares. Clarivest Asset Mngmt Llc invested in 7,977 shares or 0.01% of the stock. Moreover, Manufacturers Life Co The has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Eqis Mngmt Inc stated it has 0.02% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Strs Ohio holds 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX) for 17,448 shares.

Since August 7, 2017, it had 0 insider purchases, and 7 sales for $4.86 million activity. The insider Brooks Daniel W sold $455,204. Another trade for 3,000 shares valued at $185,329 was sold by Jennings John Webb III.

Analysts expect Independent Bank Group, Inc. (NASDAQ:IBTX) to report $0.93 EPS on January, 24.They anticipate $0.10 EPS change or 12.05 % from last quarter’s $0.83 EPS. IBTX’s profit would be $26.22 million giving it 19.68 P/E if the $0.93 EPS is correct. After having $0.89 EPS previously, Independent Bank Group, Inc.’s analysts see 4.49 % EPS growth. The stock increased 1.24% or $0.9 during the last trading session, reaching $73.2. About 51,341 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since January 14, 2017 and is uptrending. It has outperformed by 47.36% the S&P500.

Independent Bank Group, Inc. (NASDAQ:IBTX) Ratings Coverage

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Independent Bank Group Inc has $84.0 highest and $35 lowest target. $66.11’s average target is -9.69% below currents $73.2 stock price. Independent Bank Group Inc had 29 analyst reports since August 4, 2015 according to SRatingsIntel. Sandler O’Neill upgraded Independent Bank Group, Inc. (NASDAQ:IBTX) on Monday, June 26 to “Buy” rating. The rating was maintained by SunTrust with “Hold” on Tuesday, November 28. Hovde Group maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Wednesday, November 23. Hovde Group has “Market Perform” rating and $61 target. The firm earned “Buy” rating on Monday, June 26 by Stephens. Stephens downgraded the shares of IBTX in report on Wednesday, December 9 to “Equal-Weight” rating. Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Monday, August 28. Keefe Bruyette & Woods has “Buy” rating and $71.0 target. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, July 26. The firm has “Buy” rating given on Friday, September 1 by Piper Jaffray. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, August 27 by TheStreet.

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $2.06 billion. 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. It has a 23.73 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Independent Bank Group, Inc. Announces Closing of Common Stock Offering” on December 06, 2017, also Globenewswire.com with their article: “Independent Bank Group, Inc. Announces Q3 2017 Earnings Call” published on October 10, 2017, Globenewswire.com published: “Independent Bank Group, Inc. Announces Q4 and Year End 2017 Earnings Call” on January 09, 2018. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Globenewswire.com and their article: “Independent Bank Group, Inc. Announces Pricing of Common Stock Offering” published on November 29, 2017 as well as Globenewswire.com‘s news article titled: “Independent Bank Group, Inc. Announces Commencement of Subordinated Notes Offering” with publication date: December 13, 2017.

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