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Friday, September 29, 2023

Is Independent Bank Group Inc. (NASDAQ: IBTX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Independent Bank Group Inc. (IBTX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $40.55. The Independent Bank Group Inc. has recorded 171,262 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Independent Bank Group, Inc. Reports Second Quarter Financial Results and Declares Quarterly Dividend.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. The current market capitalization of Independent Bank Group Inc. is $1.61B. A total of 0.94 million shares were traded on the day, compared to an average of 233.55K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, IBTX has seen 9 BUY and 7 SELL insider trades, representing the acquisition of 15,642 and the disposition of 4,205 shares. Over the last 12 months, there were 28 BUYs and 25 SELLs from insiders. Insiders purchased 77,200 shares during that period but sold 10,221.

In the most recent transaction, Langdale Paul B bought 500 shares of IBTX for 29.84 per share on May 11. After the transaction, the EVP, Chief Financial Officer now owns 10,220 company shares. In a previous transaction on May 08, Hobbs Michael B bought 2,400 shares at 31.33 per share. IBTX shares that EVP, President and COO owns now total 38,092.

Among the insiders who bought shares, Montgomery Brenda K acquired of 650 shares on May 08 at a per-share price of $31.25. This resulted in the EVP, Chief Accounting Officer holding 8,070 shares of IBTX after the transaction. In another insider transaction, Brooks Daniel W bought 3,000 shares at $32.09 per share on May 05. Company shares held by the Vice Chairman now total 118,224.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Independent Bank Group Inc. pays an annual dividend of $1.52, resulting in a dividend yield of 3.75%, and it has a price to earnings (P/E) ratio of 18.85. IBTX’s most recent ex-dividend date was 8/2/2023 when it declared a $0.38 quarterly dividend that was paid in cash on 8/17/2023. Previously, the company paid the dividend on 5/18/2023 with an ex-dividend date of 5/3/2023. The IBTX stock dividend was $0.38 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for IBTX in the last 3 months, the mean price target is $47.33 with high estimates of $51.00 and low estimates of $44.00. In terms of 52-week highs and lows, IBTX has a high of $70.97 and a low of $28.81.

As of this writing, IBTX has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.79 per share and a lower estimate of $0.7. The company reported an EPS of $1.07 in the last quarter, which was 32.10% higher than expectations of $0.81.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $57.12, while its Total Shareholder’s Equity was $2.58B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IBTX is Buy with a score of 3.71.

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