Witnessing the stock’s movement on the chart, on March 16, 2023, Independent Bank Group Inc. (NASDAQ: IBTX) set off with pace as it heaved 4.20% to $50.07. During the day, the stock rose to $51.46 and sunk to $46.98 before settling in for the price of $48.05 at the close. Taking a more long-term approach, IBTX posted a 52-week range of $44.57-$78.85.
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The Financial Sector giants’ yearly sales growth during the last 5-year period was 16.30%. Meanwhile, its Annual Earning per share during the time was 8.10%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -9.90%. This publicly-traded company’s shares outstanding now amounts to $40.87 million, simultaneously with a float of $35.34 million. The organization now has a market capitalization sitting at $2.04 billion. At the time of writing, stock’s 50-day Moving Average stood at $59.03, while the 200-day Moving Average is $64.75.
While finding the extent of efficiency of the company that is accounted for 1547 employees. For the Profitability, stocks operating margin was +34.88 and Pretax Margin of +34.81.
Independent Bank Group Inc. (IBTX) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Banks – Regional industry. Independent Bank Group Inc.’s current insider ownership accounts for 1.60%, in contrast to 78.00% institutional ownership. According to the most recent insider trade that took place on Aug 17, this organization’s EVP, President and COO sold 1,350 shares at the rate of 74.76, making the entire transaction reach 100,927 in total value, affecting insider ownership by 31,308. Preceding that transaction, on Aug 12, Company’s Director sold 8,939 for 74.13, making the whole transaction’s value amount to 662,647. This particular insider is now the holder of 0 in total.
Independent Bank Group Inc. (IBTX) Earnings and Revenue Records
As on 12/30/2022, Multinational firm has announced its last quarter scores, in which it reported $1.2 earnings per share (EPS) for the period falling under the consensus outlook (set at $1.28) by -$0.08. This company achieved a net margin of +27.52 while generating a return on equity of 7.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.17 per share during the current fiscal year.
Independent Bank Group Inc.’s EPS decrease for this current 12-month fiscal period is -9.90% and is forecasted to reach 5.30 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.00% through the next 5 years, which can be compared against the 8.10% growth it accomplished over the previous five years trading on the market.
Independent Bank Group Inc. (NASDAQ: IBTX) Trading Performance Indicators
Let’s observe the current performance indicators for Independent Bank Group Inc. (IBTX). The Stock has managed to achieve an average true range (ATR) of 2.64. Alongside those numbers, its PE Ratio stands at $10.66, and its Beta score is 1.41. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.11. Similarly, its price to free cash flow for trailing twelve months is now 22.46.
In the same vein, IBTX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.70, a figure that is expected to reach 0.85 in the next quarter, and analysts are predicting that it will be 5.30 at the market close of one year from today.
Technical Analysis of Independent Bank Group Inc. (IBTX)
Going through the that latest performance of [Independent Bank Group Inc., IBTX]. Its last 5-days volume of 0.63 million indicated improvement to the volume of 0.2 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 24.05% While, its Average True Range was 3.09.
Raw Stochastic average of Independent Bank Group Inc. (IBTX) in the period of the previous 100 days is set at 23.95%, which indicates a major fall in contrast to 33.19% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 51.09% that was higher than 33.29% volatility it exhibited in the past 100-days period.