On 11/6/24, Independent Bank Group Inc (NASDAQ: IBTX) stock enjoyed a major increase of 14.9%, closing at $66.33. Moreover, this advance was accompanied by exceptionally high trading volume at 764% of normal. The stock has risen 13.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, IBTX is expected to continue to be a modest Value Builder.
Independent Bank Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Independent Bank Group has a good Appreciation Score of 73 and a very high Power Rating of 97, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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