Independent Bank Group Inc (NASDAQ: IBTX) is -10.28% lower on its value in year-to-date trading and has touched a low of $28.81 and a high of $53.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IBTX stock was last observed hovering at around $45.78 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $45.65, the stock is 3.57% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.28% at the moment leaves the stock 8.12% off its SMA200. IBTX registered -2.50% loss for a year compared to 6-month gain of 14.84%.
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The stock witnessed a 6.44% loss in the last 1 month and extending the period to 3 months gives it a -13.71%, and is 0.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.78% over the week and 3.42% over the month.
Independent Bank Group Inc (IBTX) has around 1517 employees, a market worth around $1.88B and $922.94M in sales. Current P/E ratio is 43.89 and Fwd P/E is 10.47. Profit margin for the company is 4.68%. Distance from 52-week low is 58.45% and -14.27% from its 52-week high. The company has generated returns on investments over the last 12 months (1.44%).
Independent Bank Group Inc quarterly earnings per share for the current quarter are estimated at $0.61 with sales reaching $122.01M over the same period.The EPS is expected to shrink by -9.03% this year, but quarterly earnings will post 3.90% year-over-year. Quarterly sales are estimated to shrink -13.30% in year-over-year returns.
278 institutions hold shares in Independent Bank Group Inc (IBTX), with institutional investors hold 91.64% of the company’s shares. The shares outstanding are 41.28M, and float is at 35.71M with Short Float at 7.58%. Institutions hold 79.23% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.76 million shares valued at $198.79 million. The investor’s holdings represent 13.94% of the IBTX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.16 million shares valued at $143.71 million to account for 10.08% of the shares outstanding. The other top investors are FMR, LLC which holds 3.3 million shares representing 7.99% and valued at over $113.84 million, while Dimensional Fund Advisors LP holds 5.54% of the shares totaling 2.29 million with a market value of $79.0 million.
Independent Bank Group Inc (IBTX) Insider Activity
The most recent transaction is an insider purchase by Langdale Paul B, the company’s EVP, Chief Financial Officer. SEC filings show that Langdale Paul B bought 500 shares of the company’s common stock on May 11 ’23 at a price of $29.84 per share for a total of $14920.0. Following the purchase, the insider now owns 10220.0 shares.
Independent Bank Group Inc disclosed in a document filed with the SEC on May 08 ’23 that Hobbs Michael B (EVP, President and COO) bought a total of 2,400 shares of the company’s common stock. The trade occurred on May 08 ’23 and was made at $31.33 per share for $75192.0. Following the transaction, the insider now directly holds 38092.0 shares of the IBTX stock.
Still, SEC filings show that on May 08 ’23, Montgomery Brenda K (EVP, Chief Accounting Officer) acquired 650 shares at an average price of $31.25 for $20312.0. The insider now directly holds 8,070 shares of Independent Bank Group Inc (IBTX).
