Truist analyst Brandon King raised the firm’s price target on Independent Bank to $65 from $48 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 earnings for Community and Regional Banks. The firm’s revisions reflect slightly lower net interest income offset by lower provisioning, the analyst tells investors in a research note.
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Read More on IBTX:
- Independent Bank Group Updates Investor Presentation Materials
- Independent Bank reports Q2 adjusted EPS 60c, consensus 58c
- IBTX Upcoming Earnings Report: What to Expect?
- Independent Bank price target raised to $57 from $46 at Keefe Bruyette
- Independent Bank price target lowered to $48 from $50 at Truist
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