Institutional Investors Sentiment Indicator of Independent Bank Group Inc (NASDAQ:IBTX) Improves in Q1 2019

Sentiment for Independent Bank Group Inc (NASDAQ:IBTX)

Independent Bank Group Inc (NASDAQ:IBTX) institutional sentiment increased to 2.22 in Q1 2019. Its up 0.77, from 1.45 in 2018Q4. The ratio has increased, as 91 investment managers started new or increased stock positions, while 41 sold and reduced their equity positions in Independent Bank Group Inc. The investment managers in our partner’s database now have: 25.87 million shares, up from 19.86 million shares in 2018Q4. Also, the number of investment managers holding Independent Bank Group Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 17 Reduced: 24 Increased: 58 New Position: 33.

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 $2.46 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 13.82 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.

The stock increased 0.99% or $0.55 during the last trading session, reaching $56.36. About 117,864 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has declined 31.35% since July 14, 2018 and is downtrending. It has underperformed by 35.78% the S&P500.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on July, 22. They expect $1.28 earnings per share, up 15.32 % or $0.17 from last year’s $1.11 per share. IBTX’s profit will be $55.89 million for 11.01 P/E if the $1.28 EPS becomes a reality. After $1.19 actual earnings per share reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 7.56 % EPS growth.

Elizabeth Park Capital Advisors Ltd. holds 5.51% of its portfolio in Independent Bank Group, Inc. for 269,038 shares. Fj Capital Management Llc owns 909,454 shares or 4.82% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 3.7% invested in the company for 594,026 shares. The Arkansas-based Forest Hill Capital Llc has invested 2.59% in the stock. Summit Creek Advisors Llc, a Minnesota-based fund reported 279,879 shares.

Since January 1, 0001, it had 2 insider buys, and 1 sale for $555,137 activity.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Independent Bank Group, Inc. Announces Additions to Senior Leadership – GlobeNewswire” on January 08, 2018, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Hamilton Lane Incorporated (HLNE)? – Yahoo Finance” published on June 29, 2019, Benzinga.com published: “Earnings Scheduled For January 28, 2019 – Benzinga” on January 28, 2019. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Finance.Yahoo.com and their article: “Is Independent Bank Group Inc (IBTX) A Good Stock To Buy ? – Yahoo Finance” published on June 29, 2019 as well as Globenewswire.com‘s news article titled: “Independent Bank Group Merger With Guaranty Bancorp to Close as Planned on January 1, 2019 – GlobeNewswire” with publication date: December 27, 2018.

Independent Bank Group, Inc. (NASDAQ:IBTX) Institutional Positions Chart

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