INDEPENDENT BANK GROUP sees a downgrade to Slightly Negative on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of INDEPENDENT BANK GROUP (US), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date November 30, 2021, the closing price was USD 69.43 and its target price was estimated at USD 61.28.Independent Bank Group is a bank holding company. Through its subsidiary, Independent Bank, the company provides a range of banking services to individual and corporate customers in the north, central and southeast Texas areas. The company is engaged in community banking activities, which include commercial and retail lending, deposit gathering, investment and liquidity management activities. The company's primary deposit products are demand deposits, money market accounts and certificates of deposit, and its primary lending products are commercial business and real estate, real estate mortgage and consumer loans.
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