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Independent Bank Group (IBTX) Surges: Stock Moves 9.8% 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 nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 42.3% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

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

A better-ranked stock in the Banks – Southeast industry is Bank7 Corp. (BSVN - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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