Independent Bank Group, Inc. (IBTX) Analysts See $1.09 EPS; Shorts at Fonar (FONR) Raised By 91.69%

April 18, 2018 - By Marguerite Chambers

Analysts expect Independent Bank Group, Inc. (NASDAQ:IBTX) to report $1.09 EPS on April, 23 after the close.They anticipate $0.25 EPS change or 29.76% from last quarter’s $0.84 EPS. IBTX’s profit would be $30.90 million giving it 16.08 P/E if the $1.09 EPS is correct. After having $0.90 EPS previously, Independent Bank Group, Inc.’s analysts see 21.11% EPS growth. The stock decreased 0.85% or $0.6 during the last trading session, reaching $70.1. About 155,886 shares traded or 8.87% up from the average. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 15.68% since April 18, 2017 and is uptrending. It has outperformed by 4.13% the S&P500.

Fonar Corporation (NASDAQ:FONR) had an increase of 91.69% in short interest. FONR’s SI was 113,100 shares in April as released by FINRA. Its up 91.69% from 59,000 shares previously. With 44,700 avg volume, 3 days are for Fonar Corporation (NASDAQ:FONR)’s short sellers to cover FONR’s short positions. The SI to Fonar Corporation’s float is 2.01%. The stock decreased 0.34% or $0.1 during the last trading session, reaching $29.6. About 41,675 shares traded or 21.53% up from the average. Fonar Corporation (NASDAQ:FONR) has risen 45.86% since April 18, 2017 and is uptrending. It has outperformed by 34.31% the S&P500.

Fonar Corporation, together with its subsidiaries, engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases, abnormalities, and other medical conditions and injuries. The company has market cap of $189.89 million. It operates in two divisions, Medical Equipment, and Physician Management and Diagnostic Services. It has a 10.21 P/E ratio. The firm offers Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down.

Investors sentiment increased to 1.91 in 2017 Q4. Its up 0.39, from 1.52 in 2017Q3. It improved, as 7 investors sold Fonar Corporation shares while 15 reduced holdings. 17 funds opened positions while 25 raised stakes. 3.02 million shares or 9.23% more from 2.77 million shares in 2017Q3 were reported. Meeder Asset Mngmt accumulated 198 shares. Northwestern Mutual Wealth Mngmt Co invested in 0% or 5 shares. Ameritas Ptnrs Incorporated holds 535 shares. Polar Asset Mgmt Partners holds 120,800 shares. Wells Fargo Mn holds 0% of its portfolio in Fonar Corporation (NASDAQ:FONR) for 8,489 shares. California State Teachers Retirement Systems reported 9,700 shares. First Interstate Savings Bank stated it has 0% of its portfolio in Fonar Corporation (NASDAQ:FONR). Ativo Mngmt Lc, Illinois-based fund reported 60,183 shares. Northern holds 0% or 96,817 shares in its portfolio. Bnp Paribas Arbitrage has invested 0% in Fonar Corporation (NASDAQ:FONR). Schwab Charles Investment Management accumulated 10,700 shares. Panagora Asset Mngmt Inc reported 31,819 shares. 34,713 were accumulated by Bankshares Of Mellon. Royal Bankshares Of Canada invested in 5,930 shares or 0% of the stock. Bowling Mngmt Ltd Liability Corp has invested 0.19% of its portfolio in Fonar Corporation (NASDAQ:FONR).

Since February 20, 2018, it had 0 buys, and 1 sale for $25,730 activity. On Tuesday, February 20 Janoff Robert J sold $25,730 worth of Fonar Corporation (NASDAQ:FONR) or 1,000 shares.

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Independent Bank Group Inc had 36 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Wednesday, January 31. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. Sandler O’Neill downgraded the shares of IBTX in report on Friday, October 23 to “Hold” rating. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, November 29. Sandler O’Neill maintained Independent Bank Group, Inc. (NASDAQ:IBTX) on Tuesday, January 30 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of IBTX in report on Monday, August 28 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 1 by Hovde Group. The firm has “Buy” rating by Raymond James given on Wednesday, November 29. On Tuesday, June 20 the stock rating was maintained by Stephens with “Buy”. As per Monday, April 25, the company rating was upgraded by Piper Jaffray.

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $1.99 billion. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. It has a 23.6 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.

Fonar Corporation (NASDAQ:FONR) Institutional Positions Chart

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