KBW analyst Brady Gailey assigned a Buy rating to Independent Bank Group (IBTX – Research Report) yesterday and set a price target of $50.00. The company’s shares closed today at $42.54.
According to TipRanks, Gailey is a 4-star analyst with an average return of 8.4% and a 61.62% success rate. Gailey covers the Financial sector, focusing on stocks such as Cullen/Frost Bankers, First Horizon, and Ameris Bancorp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Independent Bank Group with a $43.33 average price target, a 1.86% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $40.00 price target.
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The company has a one-year high of $74.24 and a one-year low of $28.81. Currently, Independent Bank Group has an average volume of 301.7K.
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. The firm’s services include checking, savings, commercial loans, business services and cash management. The company was founded on September 20, 2002 and is headquartered in McKinney, TX.
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