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

Collier Financial bought a new stake in Independent Bank Group, Inc. (NASDAQ:IBTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,231 shares of the bank’s stock, valued at approximately $75,000.

Several other large investors have also modified their holdings of IBTX. Blue Trust Inc. boosted 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 buying an additional 820 shares in the last quarter. KBC Group NV boosted its holdings in shares of Independent Bank Group by 38.5% in the 4th quarter. KBC Group NV now owns 1,984 shares of the bank’s stock valued at $120,000 after buying an additional 552 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Independent Bank Group during the 3rd quarter worth $204,000. AQR Capital Management LLC acquired a new stake in Independent Bank Group during the 2nd quarter worth $212,000. Finally, Hancock Whitney Corp acquired a new stake in Independent Bank Group during the 3rd quarter worth $222,000. Institutional investors and hedge funds own 77.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBTX. Keefe, Bruyette & Woods increased 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. StockNews.com began coverage on shares of Independent Bank Group in a research note on Monday. They set a “sell” rating for the company. Finally, Truist Financial decreased their price target on shares of Independent Bank Group from $66.00 to $63.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.60.

Independent Bank Group Stock Up 0.5 %

IBTX stock opened at $60.67 on Tuesday. Independent Bank Group, Inc. has a one year low of $36.47 and a one 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. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The company has a fifty day moving average of $61.89 and a 200-day moving average of $59.81.

Independent Bank Group 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.