Published On: Wed, Oct 19th, 2016

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

07/27/2016 – Independent Bank Group, Inc had its “market perform” rating reiterated by analysts at Hovde Group. They now have a USD 45.5 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 44.23 and a 200 day moving average of 39.86. The stock’s market capitalization is 846.16M, it has a 52-week low of 25.50 and a 52-week high of 46.95.

The share price of the company (NASDAQ:IBTX) was up +1.22% during the last trading session, with a high of 46.15 and the volume of Independent Bank Group, Inc shares traded was 41471.

Independent Bank Group, Inc. is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), it provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a mix of small and midsized businesses, and loans to professionals, particularly medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. The Company operates approximately 40 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area. The Company also provides wealth management services to its customers, including investment advisory and other related services.