Independent Bank Group Inc (NASDAQ: IBTX) has reported earnings for its third fiscal quarter (ending September 30) of $0.50 versus $0.79 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $-10.49 versus $1.68 for the same period a year ago.
Recent Price Action
Independent Bank Group Inc (NASDAQ: IBTX) stock closed at $57.53 on 10/21/24 after a large decline of -5.0%. However, this decline was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, IBTX is expected to continue to be a modest Value Builder.
Independent Bank Group has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Independent Bank Group has a good Appreciation Score of 73 and a very high Power Rating of 94, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment