In a report released today, Catherine Mealor from KBW assigned a Buy rating to Independent Bank Group (IBTX – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $41.87.
According to TipRanks, Mealor is a 5-star analyst with an average return of 12.2% and a 60.76% success rate. Mealor covers the Financial sector, focusing on stocks such as Southern States Bancshares, Cadence Bank, and Home Bancshares.
Independent Bank Group has an analyst consensus of Moderate Buy, with a price target consensus of $53.50.
The company has a one-year high of $52.86 and a one-year low of $28.05. Currently, Independent Bank Group has an average volume of 227.2K.
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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.
