Stephens Keeps Their Buy Rating on Independent Bank Group (IBTX)
In a report released yesterday, Matt Olney from Stephens maintained a Buy rating on Independent Bank Group (IBTX), with a price target of $61. The company’s shares closed yesterday at $54.17.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.7% and a 45.3% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Independent Bank Group has an analyst consensus of Strong Buy, with a price target consensus of $61.
See today’s analyst top recommended stocks >>
The company has a one-year high of $79 and a one-year low of $44.14. Currently, Independent Bank Group has an average volume of 237.2K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IBTX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Independent Bank Group, Inc. operates as a bank holding company. It provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and individual through its subsidiary, Independent Bank.