Independent Bank Group Inc (NASDAQ: IBTX) is 14.43% higher on its value in year-to-date trading and has touched a low of $34.50 and a high of $60.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBTX stock was last observed hovering at around $58.25 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $58.22, the stock is 7.16% and 11.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing -0.05% at the moment leaves the stock 25.77% off its SMA200. IBTX registered 38.16% gain for a year compared to 6-month gain of 34.33%.
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The stock witnessed a 4.49% loss in the last 1 month and extending the period to 3 months gives it a 26.46%, and is 0.69% 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 2.07% over the week and 2.61% over the month.
Independent Bank Group Inc (IBTX) has around 1517 employees, a market worth around $2.41B and $984.94M in sales. Fwd P/E is 15.68. Profit margin for the company is -42.61%. Distance from 52-week low is 68.75% and -3.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.64%).
The EPS is expected to shrink by -19.35% this year.
Independent Bank Group Inc (IBTX) Top Institutional Holders
274.0 institutions hold shares in Independent Bank Group Inc (IBTX), with institutional investors hold 89.62% of the company’s shares. The shares outstanding are 41.28M, and float is at 35.83M with Short Float at 5.01%. Institutions hold 77.52% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.65 million shares valued at $256.96 million. The investor’s holdings represent 13.6998% of the IBTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.12 million shares valued at $$187.36 million to account for 9.9892 of the shares outstanding. The other top investors are FMR LLC which holds 3.45 million shares representing 8.3642% and valued at over $156.88 million, while DIMENSIONAL FUND ADVISORS LP holds 5.6225 of the shares totaling 2.32 million with a market value of $105.46 million.
Independent Bank Group Inc (IBTX) Insider Activity
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