Today Independent Bank Group, Inc. (IBTX) Stock Reaches 52-Week High

May 17, 2018 - By Calvin Voll

Investors sentiment increased to 1.78 in 2017 Q4. Its up 0.38, from 1.4 in 2017Q3. It increased, as 12 investors sold Independent Bank Group, Inc. shares while 28 reduced holdings. 30 funds opened positions while 41 raised stakes. 14.00 million shares or 24.61% more from 11.24 million shares in 2017Q3 were reported.
Gsa Prtn Limited Liability Partnership accumulated 10,333 shares or 0.04% of the stock. Ameritas Inv Partners Incorporated has 1,550 shares for 0% of their portfolio. Fred Alger Management Incorporated holds 0.16% or 527,898 shares. Stephens Ar invested in 0.08% or 33,000 shares. Manufacturers Life Insur The holds 13,841 shares or 0% of its portfolio. Goodman holds 0.43% or 13,934 shares. Bluecrest Cap Management invested 0.05% in Independent Bank Group, Inc. (NASDAQ:IBTX). 3,996 are held by Barclays Public Limited. Goldman Sachs Grp Inc stated it has 971,668 shares or 0.02% of all its holdings. United Capital Fincl Advisers Ltd Llc has 8,009 shares for 0% of their portfolio. Dupont reported 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). Price T Rowe Assocs Md owns 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 1.28 million shares. Royal Natl Bank Of Canada reported 4,466 shares stake. Brinker Cap Inc reported 4,039 shares. Moreover, Alyeska Inv Group Inc Lp has 0.07% invested in Independent Bank Group, Inc. (NASDAQ:IBTX).

Since March 1, 2018, it had 1 buying transaction, and 5 selling transactions for $5.45 million activity. Hickox Michelle S had bought 30 shares worth $2,100 on Friday, March 2. Cifu Douglas A sold $2.92M worth of stock. 2,750 shares were sold by Jennings John Webb III, worth $201,170 on Friday, March 16.

The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) hit a new 52-week high and has $83.81 target or 8.00 % above today’s $77.60 share price. The 6 months bullish chart indicates low risk for the $2.20 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $83.81 price target is reached, the company will be worth $176.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.52% or $0.4 during the last trading session, reaching $77.6. About 30,893 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 15.68% since May 17, 2017 and is uptrending. It has outperformed by 4.13% the S&P500.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on July, 23. They expect $1.16 earnings per share, up 41.46 % or $0.34 from last year’s $0.82 per share. IBTX’s profit will be $32.90M for 16.72 P/E if the $1.16 EPS becomes a reality. After $1.03 actual earnings per share reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 12.62 % EPS growth.

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

Among 6 analysts covering Independent Bank Group (NASDAQ:IBTX), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Independent Bank Group had 13 analyst reports since November 28, 2017 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The stock has “Hold” rating by SunTrust on Tuesday, November 28. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. On Tuesday, January 30 the stock rating was maintained by Sandler O’Neill with “Buy”. Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) on Wednesday, November 29 with “Buy” rating. The firm has “Hold” rating by SunTrust given on Wednesday, January 31. The stock has “Buy” rating by Stephens on Wednesday, April 25. The company was maintained on Thursday, March 15 by Stephens. The rating was maintained by Hovde Group with “Buy” on Thursday, February 1. Stephens maintained Independent Bank Group, Inc. (NASDAQ:IBTX) on Tuesday, January 30 with “Buy” rating.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Independent Bank Group, Eclipse Resources …” on May 02, 2018, also Globenewswire.com with their article: “Independent Bank to Open New Branch in Denver Tech Center” published on May 04, 2018, Globenewswire.com published: “Independent Bank Group Reports First Quarter Financial Results” on April 23, 2018. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Bizjournals.com and their article: “Independent Bank CEO: Congress’ banking bill would cut oversight costs in half” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Independent Bank Group’s (IBTX) CEO David Brooks on Q1 2018 Results – Earnings Call Transcript” with publication date: April 24, 2018.

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 $2.20 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 26.13 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.

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

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