In a report released today, Stephen Scouten from Piper Sandler maintained a Hold rating on Independent Bank Group (IBTX – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $53.02.
Scouten covers the Financial sector, focusing on stocks such as Synovus, Independent Bank Group, and SmartFinancial. According to TipRanks, Scouten has an average return of 7.1% and a 57.92% success rate on recommended stocks.
Currently, the analyst consensus on Independent Bank Group is a Strong Buy with an average price target of $50.60.
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IBTX market cap is currently $2.19B and has a P/E ratio of 50.98.
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Independent Bank Group (IBTX) Company Description:
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.
Read More on IBTX:
- Options Volatility and Implied Earnings Moves Today, January 22, 2024
- IBTX Earnings this Week: How Will it Perform?
- Independent Bank upgraded to Outperform from Market Perform at Raymond James
- Independent Bank price target raised by $14 at Truist, here’s why
- Independent Bank price target raised to $56 from $42 at Truist
