Independent Bank Group Inc (NASDAQ:IBTX) announced a dividend on Friday, January 29th, Market Beat reports. Stockholders of record on Monday, February 8th will be given a dividend of 0.08 per share on Thursday, February 18th. The ex-dividend date is Thursday, February 4th.

In other Independent Bank Group news, Director John Webb Jennings III purchased 1,250 shares of the firm’s stock in a transaction dated Thursday, December 10th. The shares were purchased at an average cost of $35.02 per share, with a total value of $43,775.00. Following the completion of the purchase, the director now owns 42,962 shares in the company, valued at approximately $1,504,529.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director G Stacy Smith purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The stock was acquired at an average cost of $36.86 per share, for a total transaction of $147,440.00. Following the completion of the purchase, the director now owns 119,170 shares of the company’s stock, valued at approximately $4,392,606.20. The disclosure for this purchase can be found here.

A number of analysts have recently weighed in on IBTX shares. Sandler O’Neill downgraded shares of Independent Bank Group from a “buy” rating to a “hold” rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods cut their price target on shares of Independent Bank Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, October 23rd. Stephens downgraded shares of Independent Bank Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 9th. Zacks Investment Research upgraded shares of Independent Bank Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 22nd. Finally, SunTrust cut their price target on shares of Independent Bank Group from $43.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, December 10th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Independent Bank Group has a consensus rating of “Hold” and an average price target of $42.36.

Independent Bank Group (NASDAQ:IBTX) opened at 29.91 on Friday. Independent Bank Group has a 52 week low of $27.29 and a 52 week high of $46.66. The company has a market capitalization of $511.67 million and a P/E ratio of 13.52. The firm has a 50-day moving average of $31.35 and a 200-day moving average of $38.68.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Wednesday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $45.70 million. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts anticipate that Independent Bank Group will post $2.86 EPS for the current fiscal year.

Independent Bank Group, Inc. is bank holding company. Through the Company’s wholly owned subsidiary, Independent Bank (NASDAQ:IBTX), the Company provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, particularly medical practices. Retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. The Company operates approximately 39 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area.

12 Month Chart for NASDAQ:IBTX

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