Independent Bank GroupIBTX
Market Cap: $2.31B
About: Independent Bank Group Inc is a bank holding company. It offers services such as checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, eStatements and bank-by-mail and direct deposit services. The Company also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. The Company derives its income principally from interest earned on loans and, to a lesser extent, income from securities available for sale and securities held to maturity. The Company also derives income from noninterest sources, such as fees received in connection with various deposit services, mortgage banking operations and investment advisory services.
Employees: 1,517
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
140% more call options, than puts
Call options by funds: $860K | Put options by funds: $359K
0.47% more ownership
Funds ownership: 76.24% [Q1] → 76.71% (+0.47%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
5% less capital invested
Capital invested by funds: $1.52B [Q1] → $1.44B (-$74.7M) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 71
9% less funds holding
Funds holding: 211 [Q1] → 193 (-18) [Q2]
44% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 41
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 16%upside $65 | Hold Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Catherine Mealor 64% 1-year accuracy 9 / 14 met price target | 18%upside $66 | Outperform Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Catherine Mealor 64% 1-year accuracy 9 / 14 met price target | 2%upside $57 | Outperform Maintained | 9 Jul 2024 |
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 14%downside $48 | Hold Maintained | 8 Jul 2024 |