1 day Ago By ABMN Staff
Investment analysts at StockNews.com initiated coverage on shares of Independent Bank Group ( NASDAQ:IBTX – Get Free Report ) in a report released on Thursday. The firm set a “sell” rating on the bank’s stock.
Several other brokerages have also commented on IBTX. Truist Financial raised their price target on Independent Bank Group from $48.00 to $65.
00 and gave the company a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised their target price on shares of Independent Bank Group from $57.00 to $66.
00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Piper Sandler raised shares of Independent Bank Group from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $58.
00 in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the company has a consensus rating of “Hold” and a consensus target price of $58.17. Get Our Latest Report on IBTX Independent Bank Group Trading Up 0.
5 % Independent Bank Group ( NASDAQ:IBTX – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
58 by $0.02. The firm had revenue of $252.
52 million during the quarter, compared to analyst estimates of $120.25 million. Independent Bank Group had a positive return on equity of 4.
83% and a negative net margin of 43.02%. During the same quarter in the previous year, the business earned $0.
82 earnings per share. On average, research analysts expect that Independent Bank Group will post 2.86 EPS for the current year.
Institutional Investors Weigh In On Independent Bank Group Several institutional investors have recently added to or reduced their stakes in IBTX. Headlands Technologies LLC acquired a new position in shares of Independent Bank Group during the first quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new position in Independent Bank Group during the 1st quarter valued at approximately $33,000.
NBC Securities Inc. raised its holdings in shares of Independent Bank Group by 19.7% in the first quarter.
NBC Securities Inc. now owns 1,674 shares of the bank’s stock worth $76,000 after buying an additional 275 shares during the last quarter. Relative Value Partners Group LLC purchased a new position in Independent Bank Group in the 4th quarter worth $217,000.
Finally, SG Americas Securities LLC acquired a new stake in shares of Independent Bank Group during the first quarter worth about $203,000. Institutional investors and hedge funds own 77.90% of the company’s stock.
About Independent Bank Group ( Get Free Report ) Independent Bank Group, Inc, through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. See Also Receive News & Ratings for Independent Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank Group and related companies with MarketBeat.
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