Should you short it before the Earnings result? : Independent Bank Group (NASDAQ:IBTX)

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Earnings results for Independent Bank Group (NASDAQ:IBTX)

Independent Bank Group, Inc is expected* to report earnings on 10/26/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.09. The reported EPS for the same quarter last year was $1.35.

Independent Bank Group last announced its earnings results on July 28th, 2020. The bank reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.25. The business had revenue of $153.75 million for the quarter, compared to analysts’ expectations of $141.77 million. Independent Bank Group has generated $5.08 earnings per share over the last year and currently has a price-to-earnings ratio of 11.9. Independent Bank Group has confirmed that its next quarterly earnings report will be published on Monday, October 26th, 2020.

Analyst Opinion on Independent Bank Group (NASDAQ:IBTX)

5 Wall Street analysts have issued ratings and price targets for Independent Bank Group in the last 12 months. Their average twelve-month price target is $45.50, predicting that the stock has a possible downside of 13.27%. The high price target for IBTX is $61.00 and the low price target for IBTX is $35.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Independent Bank Group has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $45.50, Independent Bank Group has a forecasted downside of 13.3% from its current price of $52.46. Independent Bank Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Independent Bank Group (NASDAQ:IBTX)

Independent Bank Group pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends. Independent Bank Group has only been increasing its dividend for 1 years. The dividend payout ratio of Independent Bank Group is 19.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank Group will have a dividend payout ratio of 25.13% next year. This indicates that Independent Bank Group will be able to sustain or increase its dividend.

Insiders buying/selling: Independent Bank Group (NASDAQ:IBTX)

In the past three months, Independent Bank Group insiders have not sold or bought any company stock. Only 4.00% of the stock of Independent Bank Group is held by insiders. 73.11% of the stock of Independent Bank Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Independent Bank Group (NASDAQ:IBTX

Earnings for Independent Bank Group are expected to decrease by -8.92% in the coming year, from $4.37 to $3.98 per share. The P/E ratio of Independent Bank Group is 11.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68. The P/E ratio of Independent Bank Group is 11.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.40. Independent Bank Group has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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