U.S. Markets open in 2 hrs 15 mins
  • S&P Futures

    3,912.25
    -10.25 (-0.26%)
     
  • Dow Futures

    31,924.00
    +8.00 (+0.03%)
     
  • Nasdaq Futures

    13,182.75
    -119.25 (-0.90%)
     
  • Russell 2000 Futures

    2,290.30
    +5.20 (+0.23%)
     
  • Crude Oil

    63.43
    +0.21 (+0.33%)
     
  • Gold

    1,784.70
    -13.20 (-0.73%)
     
  • Silver

    28.03
    +0.10 (+0.37%)
     
  • EUR/USD

    1.2232
    +0.0064 (+0.5260%)
     
  • 10-Yr Bond

    1.3890
    0.0000 (0.00%)
     
  • Vix

    22.64
    -0.47 (-2.03%)
     
  • GBP/USD

    1.4148
    +0.0007 (+0.0481%)
     
  • USD/JPY

    106.1520
    +0.2700 (+0.2550%)
     
  • BTC-USD

    50,407.90
    -152.61 (-0.30%)
     
  • CMC Crypto 200

    1,008.03
    +13.37 (+1.34%)
     
  • FTSE 100

    6,682.26
    +23.29 (+0.35%)
     
  • Nikkei 225

    30,168.27
    +496.57 (+1.67%)
     

Independent Bank Group (IBTX) Surges: Stock Moves 6.1% Higher

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Independent Bank Group, Inc. IBTX was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 16% in the past one-month time frame.

The move came after the company announced that it has completed the acquisition of Guaranty Bancorp.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Independent Bank Group currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Independent Bank Group, Inc Price

Independent Bank Group, Inc Price | Independent Bank Group, Inc Quote

A better-ranked stock in the Banks – Southeast industry is American National Bankshares Inc. AMNB which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is IBTX going up? Or down? Predict to see what others think: Up or Down

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Independent Bank Group, Inc (IBTX) : Free Stock Analysis Report
 
American National Bankshares, Inc. (AMNB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research