KBC Group NV Has $120,000 Holdings in Independent Bank Group, Inc. (NASDAQ:IBTX)

KBC Group NV increased its holdings in Independent Bank Group, Inc. (NASDAQ:IBTX) by 38.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,984 shares of the bank’s stock after buying an additional 552 shares during the period. KBC Group NV’s holdings in Independent Bank Group were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in IBTX. AQR Capital Management LLC acquired a new position in Independent Bank Group in the 2nd quarter valued at $212,000. Precedent Wealth Partners LLC bought a new position in shares of Independent Bank Group in the third quarter worth $415,000. Blue Trust Inc. raised its stake in Independent Bank Group by 1,576.9% in the third quarter. Blue Trust Inc. now owns 872 shares of the bank’s stock valued at $50,000 after purchasing an additional 820 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Independent Bank Group during the third quarter worth about $273,000. Finally, Versor Investments LP grew its stake in Independent Bank Group by 0.7% during the third quarter. Versor Investments LP now owns 28,658 shares of the bank’s stock worth $1,652,000 after buying an additional 186 shares in the last quarter. 77.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Independent Bank Group in a research report on Sunday, February 2nd. They issued a “sell” rating for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Independent Bank Group from $72.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial reduced their target price on Independent Bank Group from $66.00 to $63.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Independent Bank Group currently has a consensus rating of “Hold” and a consensus price target of $60.60.

Independent Bank Group Trading Up 0.5 %

Shares of Independent Bank Group stock opened at $60.67 on Friday. The firm’s 50 day moving average is $62.13 and its 200 day moving average is $59.69. The firm has a market capitalization of $2.51 billion, a PE ratio of -5.80 and a beta of 1.39. Independent Bank Group, Inc. has a 1 year low of $36.47 and a 1 year high of $68.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Independent Bank Group Company 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.