Independent Bank Group Inc (NASDAQ:IBTX) shares, rose in value on Friday, December 13, with the stock price down by -0.98% to the previous day’s close as strong demand from buyers drove the stock to $65.72.
Actively observing the price movement in the last trading, the stock closed the session at $66.37, falling within a range of $64.845 and $66.6. The value of beta (5-year monthly) was 1.371. Referring to stock’s 52-week performance, its high was $68.66, and the low was $36.47. On the whole, IBTX has fluctuated by 2.19% over the past month.
With the market capitalization of Independent Bank Group Inc currently standing at about $2.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.52, with its dividend yield at 2.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 486.5M, with a low estimate of 128.4M and a high estimate of 128.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 128.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IBTX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of IBTX currently trading nearly -0.34% and 5.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.11, while the 7-day volatility ratio is showing 2.48% which for the 30-day chart, stands at 2.18%. Furthermore, Independent Bank Group Inc (IBTX)’s beta value is 1.39, and its average true range (ATR) is 1.65.
A comparison of Independent Bank Group Inc (IBTX) with its peers suggests the former has fared considerably weaker in the market. IBTX showed an intraday change of -0.98% in last session, and over the past year, it grew by 39.89%%.
Data on historical trading for Independent Bank Group Inc (NASDAQ:IBTX) indicates that the trading volumes over the past 10 days have averaged 0.21 and over the past 3 months, they’ve averaged 209.41K. According to company’s latest data on outstanding shares, there are 41.44 million shares outstanding.
Nearly 13.53% of Independent Bank Group Inc’s shares belong to company insiders and institutional investors own 78.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.02 million shares as on 2024-11-29, resulting in a short ratio of 7.6. According to the data, the short interest in Independent Bank Group Inc (IBTX) stood at 678.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.73 million. The stock has risen by 29.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IBTX stock heading into the next quarter.
