Independent Bank Group, Inc. (IBTX) Reaches $77.57 52-Week High; Cts (CTS) Shorts Up By 13.77%

May 18, 2018 - By Adrian Erickson

The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) hit a new 52-week high and has $82.22 target or 6.00% above today’s $77.57 share price. The 9 months bullish chart indicates low risk for the $2.20B company. The 1-year high was reported on May, 18 by Barchart.com. If the $82.22 price target is reached, the company will be worth $132.00 million more. The stock decreased 0.16% or $0.12 during the last trading session, reaching $77.57. About 8,416 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 15.68% since May 18, 2017 and is uptrending. It has outperformed by 4.13% the S&P500.

Cts Corporation (NYSE:CTS) had an increase of 13.77% in short interest. CTS’s SI was 470,000 shares in May as released by FINRA. Its up 13.77% from 413,100 shares previously. With 108,000 avg volume, 4 days are for Cts Corporation (NYSE:CTS)’s short sellers to cover CTS’s short positions. The SI to Cts Corporation’s float is 1.45%. The stock decreased 0.47% or $0.15 during the last trading session, reaching $31.9. About 13,495 shares traded. CTS Corporation (NYSE:CTS) has risen 22.37% since May 18, 2017 and is uptrending. It has outperformed by 10.82% the S&P500.




Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on July, 23. They expect $1.16 EPS, up 41.46% or $0.34 from last year’s $0.82 per share. IBTX’s profit will be $32.90 million for 16.72 P/E if the $1.16 EPS becomes a reality. After $1.03 actual EPS reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 12.62% EPS growth.

Investors sentiment increased to 1.78 in Q4 2017. Its up 0.38, from 1.4 in 2017Q3. It is positive, as 12 investors sold Independent Bank Group, Inc. shares while 28 reduced holdings. 30 funds opened positions while 41 raised stakes. 14.00 million shares or 24.61% more from 11.24 million shares in 2017Q3 were reported. Brinker, Pennsylvania-based fund reported 4,039 shares. Hodges Cap Management Inc reported 197,444 shares. Fj Cap Mngmt Lc reported 135,800 shares. Moreover, Tiaa Cref Invest Ltd Liability Corp has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 42,306 shares. Navellier And Assocs stated it has 3,133 shares. State Street Corporation accumulated 0% or 525,215 shares. Northern Trust has invested 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Clarivest Asset Mgmt Limited Liability Co owns 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 7,439 shares. Blackrock holds 0% in Independent Bank Group, Inc. (NASDAQ:IBTX) or 1.16 million shares. Jpmorgan Chase has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Northwestern Mutual Wealth Company reported 7,944 shares or 0% of all its holdings. Teachers Insurance & Annuity Association Of America has invested 0.05% in Independent Bank Group, Inc. (NASDAQ:IBTX). Banc Funds Communication has 46,000 shares for 0.14% of their portfolio. 789 were accumulated by Tower Research Capital Lc (Trc). Fincl Bank Of Montreal Can holds 0% or 540 shares in its portfolio.

Since March 1, 2018, it had 1 buy, and 5 sales for $5.45 million activity. $2,100 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) shares were bought by Hickox Michelle S. Shares for $87,195 were sold by White James C on Monday, April 2. Shares for $2.19 million were sold by Cifu Douglas A. Another trade for 2,750 shares valued at $201,170 was made by Jennings John Webb III on Friday, March 16.

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $2.20 billion. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. It has a 26.12 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Independent Bank to Open New Branch in Denver Tech Center” on May 04, 2018, also Globenewswire.com with their article: “Independent Bank Group Reports First Quarter Financial Results” published on April 23, 2018, Globenewswire.com published: “Independent Bank Hires Veteran Lender to Support Denver Growth” on April 19, 2018. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Globenewswire.com and their article: “Independent Bank Group, Inc. Declares Quarterly Dividend” published on April 25, 2018 as well as Seekingalpha.com‘s news article titled: “Independent Bank Group’s (IBTX) CEO David Brooks on Q1 2018 Results – Earnings Call Transcript” with publication date: April 24, 2018.

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Independent Bank Group Inc had 37 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stephens on Tuesday, January 30 with “Buy”. Piper Jaffray upgraded Independent Bank Group, Inc. (NASDAQ:IBTX) on Monday, April 25 to “Overweight” rating. The rating was downgraded by Evercore on Friday, September 11 to “Hold”. SunTrust maintained Independent Bank Group, Inc. (NASDAQ:IBTX) on Tuesday, November 28 with “Hold” rating. The rating was upgraded by Evercore on Thursday, June 9 to “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. SunTrust maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating on Wednesday, January 31. SunTrust has “Hold” rating and $76.0 target. The firm has “Buy” rating by Piper Jaffray given on Tuesday, July 25. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Thursday, February 1 by Hovde Group. As per Wednesday, July 26, the company rating was upgraded by Keefe Bruyette & Woods.

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets. The company has market cap of $1.05 billion. It offers sensors and actuators used in passenger or consumer vehicles; electronic components used in infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets. It has a 74.19 P/E ratio. The firm also creates and develops sensing technology for radio frequency measurement and control systems.

More notable recent CTS Corporation (NYSE:CTS) news were published by: Globenewswire.com which released: “CTS Corporation Declares A Dividend” on May 17, 2018, also Globenewswire.com with their article: “CTS Announces First Quarter 2018 Results” published on April 26, 2018, Globenewswire.com published: “CTS to Present at Oppenheimer Industrial Growth Conference” on April 24, 2018. More interesting news about CTS Corporation (NYSE:CTS) were released by: Streetinsider.com and their article: “CTS Corp. (CTS) Director Walter Catlow Announces Retirement from Board” published on May 18, 2018 as well as Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Encore Wire, Wildhorse Resource Development, CTS, Del Taco Restaurants …” with publication date: May 04, 2018.

Among 2 analysts covering CTS Corp (NYSE:CTS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CTS Corp had 2 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Gabelli on Wednesday, July 29 to “Hold”.

CTS Corporation (NYSE:CTS) Institutional Positions Chart

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