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

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Independent Bank Group, Inc. (IBTX - Free Report) 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

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

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