Dividend Worth Watching: Nov 18, 2016 is the day Independent Bank Group, Inc (NASDAQ:IBTX) promises dividends of $0.10. Here’s what they have to say.

Dividend Worth Watching: Nov 18, 2016 is the day Independent Bank Group, Inc (NASDAQ:IBTX) promises dividends of $0.10. Here's what they have to say.

Independent Bank Group, Inc (NASDAQ:IBTX) is expected to pay $0.10 on Nov 18, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Independent Bank Group, Inc’s current price of $47.95, the dividend is 0.21%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.72% or $0.35 on November 1, hitting $47.95. Independent Bank Group Inc (NASDAQ:IBTX) has risen 75.00% since March 31, 2016 and is uptrending. It has outperformed by 72.48% the S&P500.

Independent Bank Group, Inc. is a bank holding company. The company has a market cap of $887.45 million. Through the Company’s subsidiary, Independent Bank , it provides a range of commercial banking services and products tailored to meet the needs of businesses, professionals and individuals. It has a 18.03 P/E ratio. The Company’s commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a mix of small and midsized businesses, and loans to professionals, particularly medical practices.

Insitutional Activity: The institutional sentiment decreased to 1.59 in Q2 2016. Its down 0.84, from 2.43 in 2016Q1. The ratio turned negative, as 10 funds sold all Independent Bank Group Inc shares owned while 24 reduced positions. 16 funds bought stakes while 38 increased positions. They now own 6.23 million shares or 10.03% more from 5.66 million shares in 2016Q1.
Nationwide Fund Advsrs reported 27,234 shares or 0.01% of all its holdings. The New York-based Consector Lp has invested 2.51% in Independent Bank Group Inc (NASDAQ:IBTX). Moreover, Vanguard Group Inc Inc has 0% invested in Independent Bank Group Inc (NASDAQ:IBTX) for 388,128 shares. Barclays Public Ltd Co, a United Kingdom-based fund reported 1,100 shares. Weatherbie Lc accumulated 245,309 shares or 1.49% of the stock. Hodges Cap Inc reported 875,938 shares or 1.83% of all its holdings. Invesco has invested 0% of its portfolio in Independent Bank Group Inc (NASDAQ:IBTX). Swiss Financial Bank accumulated 0% or 17,552 shares. Moreover, Gsa Capital Prtnrs Llp has 0.04% invested in Independent Bank Group Inc (NASDAQ:IBTX) for 17,326 shares. State Street has 168,561 shares for 0% of their US portfolio. Dimensional Fund Advsrs Limited Partnership accumulated 197,165 shares or 0% of the stock. The Texas-based Kanaly Trust has invested 0.02% in Independent Bank Group Inc (NASDAQ:IBTX). Parametric Associate Ltd, a Washington-based fund reported 5,064 shares. Blackrock Fund Advsrs accumulated 285,709 shares or 0% of the stock. New York State Common Retirement Fund has 12,000 shares for 0% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 2 insider buys, and 11 selling transactions for $3.14 million net activity. Brooks David R also sold $470,000 worth of Independent Bank Group Inc (NASDAQ:IBTX) on Friday, October 21. $225,000 worth of Independent Bank Group Inc (NASDAQ:IBTX) was sold by Webb Jan C on Wednesday, October 12. Hobart Brian E sold $5,760 worth of stock or 120 shares. Berntsen Torry bought $8,138 worth of Independent Bank Group Inc (NASDAQ:IBTX) on Friday, June 10. $220,000 worth of Independent Bank Group Inc (NASDAQ:IBTX) shares were sold by Brooks Daniel W. Radke Jack M bought $135,440 worth of Independent Bank Group Inc (NASDAQ:IBTX) on Friday, May 13.

Independent Bank Group Inc (NASDAQ:IBTX) Ratings Coverage

Out of 7 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Independent Bank Group Inc has been the topic of 13 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Stephens on Wednesday, December 9 to “Equal-Weight”. Sandler O’Neill downgraded the stock to “Hold” rating in Friday, October 23 report. TheStreet downgraded Independent Bank Group Inc (NASDAQ:IBTX) on Thursday, August 27 to “Buy” rating. Evercore downgraded the shares of IBTX in a report on Friday, September 11 to “Hold” rating. The stock of Independent Bank Group Inc (NASDAQ:IBTX) earned “Overweight” rating by Piper Jaffray on Monday, April 25. As per Thursday, June 9, the company rating was upgraded by Evercore.

More notable recent Independent Bank Group Inc (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Independent Bank Group, Inc. Declares Quarterly Dividend” on October 25, 2016, also Globenewswire.com with their article: “Independent Bank Group, Inc. Announces Q3 2016 Earnings Call” published on October 12, 2016, Globenewswire.com published: “Independent Bank Group, Inc. Announces Senior Leadership Changes” on April 21, 2016. More interesting news about Independent Bank Group Inc (NASDAQ:IBTX) were released by: Globenewswire.com and their article: “Independent Bank Group, Inc. Announces Q2 2016 Earnings Call” published on July 06, 2016 as well as Globenewswire.com‘s news article titled: “Independent Bank Group, Inc. Announces Pricing of $45 Million of its 5.875 …” with publication date: June 23, 2016.

IBTX Company Profile

Independent Bank Group, Inc., incorporated on September 20, 2002, is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking services and products tailored to meet the needs of businesses, professionals and individuals. The Firm operates approximately 40 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area. The Firm offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Firm also provides wealth management services to its customers, including investment advisory and other related services.

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