Independent Bank Group, Inc. (NASDAQ:IBTX) Holdings Lowered by Doliver Advisors LP

Doliver Advisors LP lessened its stake in shares of Independent Bank Group, Inc. (NASDAQ:IBTX) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,644 shares of the bank’s stock after selling 443 shares during the quarter. Doliver Advisors LP’s holdings in Independent Bank Group were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBTX. Victory Capital Management Inc. increased its position in shares of Independent Bank Group by 5.5% during the 2nd quarter. Victory Capital Management Inc. now owns 15,658 shares of the bank’s stock valued at $713,000 after purchasing an additional 810 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Independent Bank Group by 11.5% during the second quarter. Texas Permanent School Fund Corp now owns 35,042 shares of the bank’s stock worth $1,595,000 after buying an additional 3,609 shares in the last quarter. American Century Companies Inc. grew its position in Independent Bank Group by 12.0% in the second quarter. American Century Companies Inc. now owns 64,837 shares of the bank’s stock worth $2,951,000 after buying an additional 6,951 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Independent Bank Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,316,743 shares of the bank’s stock valued at $105,456,000 after buying an additional 39,091 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Independent Bank Group by 45.3% in the second quarter. Renaissance Technologies LLC now owns 52,243 shares of the bank’s stock valued at $2,378,000 after buying an additional 16,300 shares in the last quarter. Institutional investors own 77.90% of the company’s stock.

Independent Bank Group Stock Up 0.5 %

Shares of IBTX traded up $0.28 during trading hours on Monday, reaching $60.67. The company’s stock had a trading volume of 1,552,369 shares, compared to its average volume of 249,738. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -5.80 and a beta of 1.39. The company has a 50 day moving average of $63.34 and a two-hundred day moving average of $57.61. Independent Bank Group, Inc. has a 1-year low of $36.47 and a 1-year high of $68.66.

Independent Bank Group (NASDAQ:IBTX) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.21). The firm had revenue of $255.18 million for the quarter, compared to analysts’ expectations of $124.48 million. Independent Bank Group had a positive return on equity of 4.49% and a negative net margin of 43.45%. During the same quarter in the prior year, the business posted $0.79 earnings per share. As a group, research analysts predict that Independent Bank Group, Inc. will post 2.7 EPS for the current fiscal year.

Independent Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were given a $0.38 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.51%. Independent Bank Group’s dividend payout ratio is currently -14.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com initiated coverage on Independent Bank Group in a research report on Wednesday, January 1st. They issued a “sell” rating for the company. Keefe, Bruyette & Woods raised their target price on shares of Independent Bank Group from $72.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Truist Financial cut their price target on shares of Independent Bank Group from $66.00 to $63.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.33.

About Independent Bank Group

Independent Bank Group, Inc, through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit.