Piper Sandler (NYSE:PIPR) analyst Brad Milsaps maintained a Buy rating on Independent Bank Group (NASDAQ:IBTX) on Wednesday, setting a price target of $48.5, which is approximately 11.47% above the present share price of $43.51.
Milsaps expects Independent Bank (NASDAQ:INDB) Group to post earnings per share (EPS) of $0.90 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Independent Bank Group, with an average price target of $49.
The analysts price targets range from a high of $50 to a low of $48.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $153.41 million and a net profit of $0. The company's market cap is $1.88 billion.
According to TipRanks.com, Piper Sandler analyst Brad Milsaps is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.2% and a 37.06% success rate.
Independent Bank Group, Inc. operates as a bank holding company. It provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and individual through its subsidiary, Independent Bank. The firm's services include checking, savings, commercial loans, business services and cash management. The company was founded on September 20, 2002 and is headquartered in McKinney, TX.