Independent Bank Group Inc Institutional Investor Sentiment Increased in 2017 Q4

April 19, 2018 - By Marie Mckinney

Sentiment for Independent Bank Group Inc (NASDAQ:IBTX)

Independent Bank Group Inc (NASDAQ:IBTX) institutional sentiment increased to 1.78 in Q4 2017. Its up 0.38, from 1.4 in 2017Q3. The ratio is positive, as 71 institutional investors started new and increased stock positions, while 40 sold and reduced their stakes in Independent Bank Group Inc. The institutional investors in our partner’s database now hold: 14.00 million shares, up from 11.24 million shares in 2017Q3. Also, the number of institutional investors holding Independent Bank Group Inc in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 12 Reduced: 28 Increased: 41 New Position: 30.

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 $2.03 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 24.14 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.

The stock increased 2.80% or $1.95 during the last trading session, reaching $71.7. About 105,479 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 15.68% since April 19, 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 April, 23 after the close. They expect $1.09 earnings per share, up 29.76 % or $0.25 from last year’s $0.84 per share. IBTX’s profit will be $30.89 million for 16.44 P/E if the $1.09 EPS becomes a reality. After $0.90 actual earnings per share reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 21.11 % EPS growth.

Castine Capital Management Llc holds 4.4% of its portfolio in Independent Bank Group, Inc. for 191,671 shares. Summit Creek Advisors Llc owns 157,921 shares or 2% of their US portfolio. Moreover, Stieven Capital Advisors L.P. has 1.9% invested in the company for 160,000 shares. The Texas-based Frontier Investment Mgmt Co has invested 1.4% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 66,541 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 7 sales for $7.16 million activity.

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

Ratings analysis reveals 83% of Independent Bank Group’s analysts are positive. Out of 6 Wall Street analysts rating Independent Bank Group, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $70.0 while the high is $84.0. The stock’s average target of $79.83 is 11.34% above today’s ($71.7) share price. IBTX was included in 12 notes of analysts from November 28, 2017. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, November 29 report. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. As per Tuesday, January 30, the company rating was maintained by Keefe Bruyette & Woods. Sandler O’Neill maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Tuesday, January 30. Sandler O’Neill has “Buy” rating and $82.0 target. The firm has “Buy” rating by Hovde Group given on Thursday, February 1. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. Raymond James maintained the stock with “Buy” rating in Wednesday, November 29 report. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Tuesday, January 30 by Stephens. The rating was maintained by SunTrust with “Hold” on Monday, January 8.

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

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