Shares of Independent Bank Group Inc (IBTX) Sees Large Inflow of Net Money Flow

Independent Bank Group Inc (IBTX) : Independent Bank Group Inc (IBTX) had a healthy money flow of $1.98 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $2.38 million, whereas, investors only sold shares worth $0.4 million on downticks. The stock closed the day with an up-down ratio of 6.The money flow in the block trades to the tune of $1.56 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.56 million worth of transactions were on upticks. Independent Bank Group Inc (IBTX) stock slid $0.08 intraday and traded at 43.59, a change of -0.18% over previous days close. However, for the week, the company shares are -0.84% compared to previous weeks close.


Shares of Independent Bank Group, Inc. rose by 1.15% in the last five trading days and 0.25% for the last 4 weeks. Independent Bank Group, Inc. is up 4.97% in the last 3-month period. Year-to-Date the stock performance stands at 37.91%.

Independent Bank Group Inc (IBTX) : 7 analysts are covering Independent Bank Group Inc (IBTX) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Independent Bank Group Inc (IBTX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Independent Bank Group Inc (NASDAQ:IBTX): The stock opened at $43.3 and touched an intraday high of $44.32 on Wednesday. During the day, the stock corrected to an intraday low of $43.0211, however, the bulls stepped in and pushed the price higher to close in the green at $44.13 with a gain of 1.05% for the day. The total traded volume for the day was 89,542. The stock had closed at $43.67 in the previous trading session.

Independent Bank Group, Inc. is bank holding company. Through the Companys wholly owned subsidiary, Independent Bank (the Bank), the Company provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, particularly medical practices. 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 39 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area.

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