Published On: Mon, Apr 17th, 2017

New Analyst Ratings On Independent Bank Group, Inc (NASDAQ:IBTX)


Recently stock market analysts have updated their consensus ratings on shares of Independent Bank Group, Inc (NASDAQ:IBTX).

Most recent broker ratings

11/23/2016 – Independent Bank Group, Inc had its “market perform” rating reiterated by analysts at Hovde Group. They now have a USD 61 price target on the stock.

07/07/2016 – Raymond James began new coverage on Independent Bank Group, Inc giving the company a “outperform” rating. They now have a USD 44 price target on the stock.

06/09/2016 – Independent Bank Group, Inc was upgraded to “buy” by analysts at Evercore ISI. They now have a USD 49 price target on the stock.

04/27/2016 – Independent Bank Group, Inc was upgraded to “overweight” by analysts at Stephens.

04/25/2016 – Independent Bank Group, Inc was upgraded to “overweight” by analysts at Piper Jaffray.

01/29/2016 – Independent Bank Group, Inc had its “neutral” rating reiterated by analysts at SunTrust. They now have a USD 35 price target on the stock.

01/29/2016 – Independent Bank Group, Inc had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 40 price target on the stock.

10/23/2015 – Independent Bank Group, Inc was downgraded to “hold” by analysts at Sandler O’Neill.

08/03/2015 – Independent Bank Group, Inc had its “market perform” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 48 price target on the stock.

05/20/2015 – Wunderlich began new coverage on Independent Bank Group, Inc giving the company a “buy” rating. They now have a USD 48 price target on the stock.

10/31/2014 – Independent Bank Group, Inc was downgraded to “underperform” by analysts at Zacks. They now have a USD 40.8 price target on the stock.

07/30/2014 – Independent Bank Group, Inc was upgraded to “outperform” by analysts at Macquarie. They now have a USD 56 price target on the stock.

05/16/2014 – Sterne Agee began new coverage on Independent Bank Group, Inc giving the company a “buy” rating. They now have a USD 56 price target on the stock.

Independent Bank Group, Inc has a 50 day moving average of 62.39 and a 200 day moving average of 58.11. The stock’s market capitalization is 1.10B, it has a 52-week low of 27.86 and a 52-week high of 66.85.

The share price of the company (NASDAQ:IBTX) was down -2.51% during the last trading session, with a high of 59.85 and the volume of Independent Bank Group, Inc shares traded was 65646.

Independent Bank Group, Inc. is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area. The Company offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers, including investment advisory and other related services. The Company offers a range of commercial and retail lending products to businesses, professionals and individuals. Deposits are the Company’s principal source of funds for use in lending and other general banking purposes.