Are Analysts Bullish about Independent Bank Group, Inc. (NASDAQ:IBTX) after last week?

July 27, 2018 - By Robert Shackelford

Investors sentiment decreased to 1.68 in 2018 Q1. Its down 0.10, from 1.78 in 2017Q4. It dived, as 13 investors sold Independent Bank Group, Inc. shares while 28 reduced holdings. 15 funds opened positions while 54 raised stakes. 16.00 million shares or 14.28% more from 14.00 million shares in 2017Q4 were reported.
Moreover, Atlantic Gru Limited Liability has 0.16% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 508,939 shares. Aqr Management Ltd Liability Corp has 5,509 shares for 0% of their portfolio. Moreover, Huntington Bank & Trust has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Moreover, Hodges Capital Management has 1.08% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 193,362 shares. 2 were reported by Sei Investments. Schwab Charles Investment Management Inc reported 92,988 shares. 8,249 are owned by Stifel. Victory Capital Incorporated reported 0.03% stake. Aperio Ltd invested in 3,879 shares. Credit Suisse Ag has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 14,281 shares. Next Century Growth Invsts Ltd Liability Corp reported 117,561 shares stake. Millrace Asset Incorporated accumulated 1.63% or 23,750 shares. Macquarie Grp reported 507,104 shares. Adell Harriman & Carpenter has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Principal Financial Gp Inc holds 0% in Independent Bank Group, Inc. (NASDAQ:IBTX) or 13,584 shares.

Since March 1, 2018, it had 3 buys, and 6 insider sales for $3.90 million activity. 1,250 shares were sold by White James C, worth $87,195. The insider Jennings John Webb III sold $201,170. On Friday, March 2 Hickox Michelle S bought $2,100 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) or 30 shares. $377,801 worth of stock was sold by Webb Jan C on Thursday, May 31. $74,183 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) was bought by HOLMES CRAIG E. Shares for $1.85M were bought by SMITH G STACY.

Independent Bank Group, Inc. (NASDAQ:IBTX) Ratings Coverage

Among 5 analysts covering Independent Bank Group (NASDAQ:IBTX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Independent Bank Group had 8 analyst reports since January 30, 2018 according to SRatingsIntel. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Thursday, March 15 by Stephens. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Wednesday, April 25 by Stephens. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 30. The rating was maintained by Keefe Bruyette & Woods on Tuesday, January 30 with “Buy”. The rating was maintained by Hovde Group with “Buy” on Thursday, February 1. SunTrust maintained Independent Bank Group, Inc. (NASDAQ:IBTX) on Wednesday, January 31 with “Hold” rating. The rating was maintained by Stephens on Tuesday, January 30 with “Buy”. Below is a list of Independent Bank Group, Inc. (NASDAQ:IBTX) latest ratings and price target changes.

25/04/2018 Broker: Stephens Rating: Buy New Target: $82.0000 Maintain
15/03/2018 Broker: Stephens Rating: Buy New Target: $81.0 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $84.0 Maintain
01/02/2018 Broker: Hovde Group Rating: Buy New Target: $81.0 Maintain
31/01/2018 Broker: SunTrust Rating: Hold New Target: $76.0 Maintain
30/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $82.0 Maintain
30/01/2018 Broker: Stephens Rating: Buy New Target: $83.0 Maintain
30/01/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $83.0 Maintain

The stock increased 1.17% or $0.8 during the last trading session, reaching $69.3. About 154,615 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 25.72% since July 27, 2017 and is uptrending. It has outperformed by 13.15% the S&P500.

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 $2.11 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 21.67 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.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Bizjournals.com which released: “Merger mania rocks Colorado banking industry” on July 20, 2018, also Globenewswire.com with their article: “Independent Bank Group, Inc. Announces Q2 2018 Earnings Call” published on July 09, 2018, Bizwest.com published: “Guaranty Bancorp posts $13.3M profit in second quarter” on July 19, 2018. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Seekingalpha.com and their article: “Independent Bank Group (IBTX) CEO David Brooks on Q2 2018 Results – Earnings Call Transcript” published on July 24, 2018 as well as Globenewswire.com‘s news article titled: “Independent Bank Group Reports Second Quarter Financial Results” with publication date: July 23, 2018.

Independent Bank Group, Inc. (NASDAQ:IBTX) Institutional Positions Chart

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