Independent Bank Group Inc [IBTX] stock is trading at $66.33, up 14.86%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IBTX shares have gain 10.73% over the last week, with a monthly amount glided 17.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Independent Bank Group Inc [NASDAQ: IBTX] stock has seen the most recent analyst activity on May 31, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $58 from $38. Previously, Hovde Group reaffirmed its Market Perform rating on April 24, 2024, and dropped its price target to $46. On April 24, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $38 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $56 on January 05, 2024. Piper Sandler downgraded its rating to a Neutral and raised its price target to $44 on July 26, 2023. Hovde Group downgraded its rating to Market Perform for this stock on October 26, 2022, and downed its price target to $70. In a note dated March 09, 2022, Janney initiated an Neutral rating.
Independent Bank Group Inc [IBTX] stock has fluctuated between $34.54 and $62.25 over the past year. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Independent Bank Group Inc [NASDAQ: IBTX] shares were valued at $66.33 at the most recent close of the market. An investor can expect a potential drop of -9.54% based on the average IBTX price forecast.
Analyzing the IBTX fundamentals
Independent Bank Group Inc [NASDAQ:IBTX] reported sales of 1.01B for the trailing twelve months, which represents a growth of 8.69%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.2 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.74 points at the first support level, and at 61.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.67, and for the 2nd resistance point, it is at 69.00.
Ratios To Look Out For
For context, Independent Bank Group Inc’s Current Ratio is 0.40. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 1.41.
