Collier Financial Takes Position in Independent Bank Group, Inc. (NASDAQ:IBTX)

Collier Financial purchased a new stake in Independent Bank Group, Inc. (NASDAQ:IBTX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,231 shares of the bank’s stock, valued at approximately $75,000.

A number of other large investors have also made changes to their positions in IBTX. Blue Trust Inc. increased its holdings in shares of Independent Bank Group by 1,576.9% in the 3rd quarter. Blue Trust Inc. now owns 872 shares of the bank’s stock valued at $50,000 after purchasing an additional 820 shares in the last quarter. KBC Group NV increased its holdings in Independent Bank Group by 38.5% during the 4th quarter. KBC Group NV now owns 1,984 shares of the bank’s stock valued at $120,000 after acquiring an additional 552 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Independent Bank Group during the 3rd quarter valued at about $204,000. AQR Capital Management LLC purchased a new position in Independent Bank Group during the 2nd quarter valued at about $212,000. Finally, Hancock Whitney Corp purchased a new position in Independent Bank Group during the 3rd quarter valued at about $222,000. Hedge funds and other institutional investors own 77.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBTX. StockNews.com began coverage on shares of Independent Bank Group in a research note on Monday. They set a “sell” rating on the stock. Truist Financial decreased their price target on shares of Independent Bank Group from $66.00 to $63.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Independent Bank Group from $72.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Independent Bank Group currently has a consensus rating of “Hold” and an average target price of $60.60.

Independent Bank Group Price Performance

IBTX opened at $60.67 on Tuesday. The company’s 50 day simple moving average is $61.89 and its 200 day simple moving average is $59.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. Independent Bank Group, Inc. has a 1 year low of $36.47 and a 1 year high of $68.66. The stock has a market capitalization of $2.51 billion, a PE ratio of -5.80 and a beta of 1.39.

Independent Bank Group Company Profile

Independent Bank Group, Inc, through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit.