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A statement released earlier today by Hovde Group about Independent Bank Group (NASDAQ:IBTX) bumps the target price to $61.00

Hovde Group bumped up the target of Independent Bank Group (NASDAQ:IBTX) to $61.00 stating a potential upside of 0.05%.

On 01/29/2016, Suntrust Robinson released a statement for Independent Bank Group (NASDAQ:IBTX) bumped down the target price from $39.00 to $35.00 that suggested an upside of 0.16%.

Boasting a price of $58.20, Independent Bank Group (NASDAQ:IBTX) traded 0.33% higher on the day. With the last stock price close up 38.57% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Independent Bank Group has recorded a 50-day average of $49.36 and a two hundred day average of $43.44. Volume of trade was down over the average, with 80,497 shares of IBTX changing hands under the typical 85,042

Performance Chart

Independent Bank Group (NASDAQ:IBTX)

With a total market value of $0, Independent Bank Group has price-earnings ratio of 22.54 with a one year low of $25.50 and a one year high of $60.40 .

A total of 9 equity analysts have released a ratings update on IBTX. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.56.

Brief Synopsis About Independent Bank Group (NASDAQ:IBTX)

Independent Bank Group, Inc. is a bank holding company. Through the Company's subsidiary, Independent Bank (the Bank), it provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a mix of small and midsized businesses, and loans to professionals, particularly medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. The Company operates approximately 40 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area. The Company also provides wealth management services to its customers, including investment advisory and other related services.

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