Independent Bank Corp. (INDB) Reaches $70.40 Formed H&S; 7 Analysts Are Bullish Independent Bank Group, Inc. (IBTX) Last Week

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Independent Bank Group Inc had 28 analyst reports since August 4, 2015 according to SRatingsIntel. Raymond James maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Wednesday, November 29. Raymond James has “Buy” rating and $75.0 target. As per Wednesday, November 23, the company rating was maintained by Hovde Group. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Evercore on Thursday, June 9. Sandler O’Neill downgraded the stock to “Hold” rating in Friday, October 23 report. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. TheStreet downgraded the shares of IBTX in report on Thursday, August 27 to “Buy” rating. The firm earned “Buy” rating on Monday, June 26 by Sandler O’Neill. The firm has “Buy” rating by Stephens given on Tuesday, June 20. Keefe Bruyette & Woods maintained it with “Buy” rating and $74.0 target in Wednesday, November 29 report. The stock has “Hold” rating by SunTrust on Tuesday, November 28. See Independent Bank Group, Inc. (NASDAQ:IBTX) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $84.0 Maintain
29/11/2017 Broker: Raymond James Rating: Buy New Target: $75.0 Maintain
29/11/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $74.0 Maintain
28/11/2017 Broker: SunTrust Rating: Hold New Target: $70.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $71.0 Maintain
01/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $76.0 Maintain
28/08/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $71.0 Maintain
26/07/2017 Broker: Keefe Bruyette & Woods Rating: Buy Upgrade
25/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $75.0000 Maintain
26/07/2017 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade

Independent Bank Corp. (INDB) formed H&S with $66.18 target or 6.00% below today’s $70.40 share price. Independent Bank Corp. (INDB) has $1.93B valuation. The stock decreased 0.85% or $0.6 during the last trading session, reaching $70.4. About 81,034 shares traded or 6.44% up from the average. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since January 9, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.46, from 1.63 in 2017Q2. It worsened, as 9 investors sold Independent Bank Corp. shares while 43 reduced holdings. 15 funds opened positions while 46 raised stakes. 21.80 million shares or 4.23% more from 20.92 million shares in 2017Q2 were reported. New York State Teachers Retirement Sys holds 0.01% or 35,029 shares in its portfolio. The Massachusetts-based Seaward Mgmt Limited Partnership has invested 0.48% in Independent Bank Corp. (NASDAQ:INDB). Middleton Communications Inc Ma holds 0.06% or 4,355 shares. Parkside Bank And invested 0% in Independent Bank Corp. (NASDAQ:INDB). 237,692 are held by Btim Corp. Texas Permanent School Fund accumulated 0.02% or 20,030 shares. Ubs Asset Americas reported 14,182 shares. Dimensional Fund Advisors Limited Partnership has 0.04% invested in Independent Bank Corp. (NASDAQ:INDB) for 1.29 million shares. Citigroup Incorporated reported 0% stake. Victory Capital Mgmt reported 984,369 shares. Aperio Gru Ltd Limited Liability Company holds 0% in Independent Bank Corp. (NASDAQ:INDB) or 9,928 shares. The New York-based State Common Retirement Fund has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Mason Street Advisors Llc reported 0.01% in Independent Bank Corp. (NASDAQ:INDB). Commonwealth Equity Serv reported 0% stake. Voya Mgmt Lc holds 0% or 12,222 shares in its portfolio.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank has $85.0 highest and $45 lowest target. $56.14’s average target is -20.26% below currents $70.4 stock price. Independent Bank had 22 analyst reports since July 20, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of INDB in report on Sunday, July 23 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Thursday, October 19. The firm earned “Hold” rating on Friday, October 20 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Wednesday, October 11 by Compass Point. The firm has “Hold” rating given on Monday, July 24 by Piper Jaffray. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Sell” rating by Sandler O’Neill on Wednesday, August 31. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. Zacks upgraded the stock to “Hold” rating in Thursday, August 20 report. The rating was maintained by Keefe Bruyette & Woods on Monday, June 26 with “Hold”. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Buy” rating by Compass Point on Friday, January 22.

Analysts await Independent Bank Corp. (NASDAQ:INDB) to report earnings on January, 18. They expect $0.92 EPS, up 21.05% or $0.16 from last year’s $0.76 per share. INDB’s profit will be $25.25 million for 19.13 P/E if the $0.92 EPS becomes a reality. After $0.87 actual EPS reported by Independent Bank Corp. for the previous quarter, Wall Street now forecasts 5.75% EPS growth.

Since October 25, 2017, it had 0 buys, and 2 selling transactions for $134,001 activity. Shares for $85,526 were sold by MISKELL EILEEN C on Wednesday, October 25. RIBEIRO CARL also sold $48,475 worth of Independent Bank Corp. (NASDAQ:INDB) on Tuesday, December 12.

Since August 7, 2017, it had 0 buys, and 7 sales for $4.86 million activity. Brooks Daniel W sold $455,204 worth of stock. Hobart Brian E sold 15,000 shares worth $947,500. Jennings John Webb III also sold $185,329 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) on Monday, August 7.

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 $1.96 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 22.48 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.

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.27, from 1.67 in 2017Q2. It dropped, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported. Emerald Mutual Fund Advisers Trust owns 15,731 shares or 0.04% of their US portfolio. Jacobs Levy Equity Management has invested 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). State Street has invested 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Blackrock accumulated 1.08 million shares. Moreover, Summit Creek Limited Liability Corporation has 1.89% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Swiss Financial Bank accumulated 20,452 shares or 0% of the stock. Texas-based Adell Harriman Carpenter Incorporated has invested 0.15% in Independent Bank Group, Inc. (NASDAQ:IBTX). Employees Retirement Of Texas reported 22,000 shares. Mufg Americas Holdg stated it has 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Goldman Sachs Gru Incorporated accumulated 706,224 shares. Vanguard Grp holds 0% or 703,642 shares. Envestnet Asset Incorporated invested in 8,198 shares or 0% of the stock. Credit Suisse Ag holds 14,789 shares or 0% of its portfolio. Hodges Cap has 277,242 shares for 1.13% of their portfolio. American Grp Inc stated it has 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX).

The stock increased 0.36% or $0.25 during the last trading session, reaching $69.35. About 51,425 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since January 9, 2017 and is uptrending. It has outperformed by 47.36% the S&P500.