About shares traded. Independent Bank Group Inc (NASDAQ:IBTX) has risen 64.06% since July 7, 2016 and is uptrending. Emerald Mutual Fund Advisers owns 0.05% invested in Independent Bank Corporation (MI) (NASDAQ:IBCP) for 50,000 shares.
Several other research analysts have also recently weighed in on IBTX. Fisher Asset Management LLC boosted its position in shares of Independent Bank Corp.by 25.8% in the first quarter. Victory Capital Management Inc. now owns 996,737 shares of the bank's stock valued at $64,788,000 after buying an additional 9,418 shares during the last quarter. Teachers Advisors boosted its stake in Independent Bank by 3.5% in the Q1. Martingale Asset Management L P increased its position in shares of Independent Bank Corporation by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 430,633 shares of the bank's stock valued at $27,690,000 after buying an additional 87,826 shares during the period. Vanguard Group Inc. now owns 2,362,266 shares of the bank's stock valued at $153,548,000 after buying an additional 96,358 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Independent Bank Corp.by 0.9% in the first quarter.
Among 5 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 1 have Buy rating, 0 Sell and 4 Hold. Independent Bank Corp.'s dividend payout ratio is 43.39%.
Shares of Independent Bank Corporation (IBCP) opened at 21.85 on Friday. The stock's market capitalization is 1.83B, it has a 52-week low of 43.67 and a 52-week high of 71.95. Independent Bank Corporation had a net margin of 18.47% and a return on equity of 9.83%.
Another recent and important Independent Bank Corporation (MI) (NASDAQ:IBCP) news was published by Seekingalpha.com which published an article titled: "Independent Bank Corp's (IBCP) CEO Brad Kessel on Q1 2017 Results - Earnings ..." on April 24, 2017. The financial services provider reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.28. The business had revenue of $79.11 million for the quarter, compared to analyst estimates of $80.19 million. During the same period in the prior year, the company posted $0.72 EPS.
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The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Morgan Stanley has 0% invested in Carver Bancorp Inc (NASDAQ:CARV) for 180,573 shares. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%.
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05/15/2017 - Piper Jaffray began new coverage on Independent Bank Corp. giving the company a "neutral" rating. Compass Point upgraded Independent Bank Corp. from a "sell" rating to a "neutral" rating in a report on Tuesday, March 28th.
06/11/2015 - Independent Bank Corp. had its "hold" rating reiterated by analysts at Drexel Hamilton. Sandler O'Neill upgraded shares of Independent Bank Corp. from a "sell" rating to a "hold" rating in a research report on Monday, May 15th. Six research analysts have rated the stock with a hold rating. The stock had a trading volume of 74,095 shares. Following the completion of the transaction, the director now owns 14,647 shares in the company, valued at $911,629.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl Ribeiro sold 1,000 shares of the firm's stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $63.71, for a total value of $388,822.13. Following the transaction, the director now directly owns 77,534 shares of the company's stock, valued at approximately $4,970,704.74. Insiders sold a total of 16,733 shares of company stock worth $1,068,441 in the last quarter. State Teachers Retirement owns 1,800 shares.
Independent Bank Group Company Profile Independent Bank Group, Inc is a bank holding company. The Firm operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business.
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