Independent Bank Group, Inc. (IBTX) Touches $72.30 High on Jan, 11; GUANGDONG INVESTMENT (GGDVF) Shorts Lowered By 3.27%

January 11, 2018 - By marketbeat

The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) reached all time high today, Jan, 11 and still has $74.47 target or 3.00% above today’s $72.30 share price. This indicates more upside for the $2.04 billion company. This technical setup was reported by If the $74.47 PT is reached, the company will be worth $61.17 million more. The stock increased 2.19% or $1.55 during the last trading session, reaching $72.3. About 51,948 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since January 11, 2017 and is uptrending. It has outperformed by 47.36% the S&P500.

GUANGDONG INVESTMENT (OTCMKTS:GGDVF) had a decrease of 3.27% in short interest. GGDVF’s SI was 592,000 shares in January as released by FINRA. Its down 3.27% from 612,000 shares previously. With 2,400 avg volume, 247 days are for GUANGDONG INVESTMENT (OTCMKTS:GGDVF)’s short sellers to cover GGDVF’s short positions. It closed at $1.35 lastly. It is down 0.00% since January 11, 2017 and is . It has underperformed by 16.70% the S&P500.

Guangdong Investment Limited engages in investment holding, water resources, property investment and development, department store operation, energy projects investment, road and bridge operation, and hotel operation and management businesses. The company has market cap of $8.61 billion. The companyÂ’s Property Investment and Development segment invests in various properties, such as shopping malls, office buildings, and hotels in Hong Kong and Mainland China; and engages in the development of properties in Mainland China. It has a 11.95 P/E ratio. This segment also provides property management services for various commercial properties.

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.27, from 1.67 in 2017Q2. It dived, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported. Dimensional Fund Advisors Limited Partnership owns 0.02% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 644,395 shares. California Pub Employees Retirement has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 10,531 shares. Two Sigma Securities Ltd Liability Corporation reported 3,680 shares or 0.02% of all its holdings. Northern Tru has 220,536 shares. Employees Retirement System Of Texas has invested 0.02% in Independent Bank Group, Inc. (NASDAQ:IBTX). Manufacturers Life The invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Parametric Associate Lc owns 26,385 shares for 0% of their portfolio. Sei Invs invested in 171 shares. State Street has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Putnam Investments Lc reported 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). Fred Alger Mgmt invested 0.06% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Teachers Insurance And Annuity Association Of America invested in 0.02% or 13,764 shares. Rhumbline Advisers reported 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Swiss Bank & Trust holds 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX) for 20,452 shares. State Board Of Administration Of Florida Retirement has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX).

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $2.04 billion. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. It has a 23.44 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on January, 24. They expect $0.93 EPS, up 12.05% or $0.10 from last year’s $0.83 per share. IBTX’s profit will be $26.23M for 19.44 P/E if the $0.93 EPS becomes a reality. After $0.89 actual EPS reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 4.49% EPS growth.

Since August 7, 2017, it had 0 insider purchases, and 7 selling transactions for $4.86 million activity. Jennings John Webb III sold 3,000 shares worth $185,329. The insider Hobart Brian E sold 22,500 shares worth $1.37 million. Another trade for 17,397 shares valued at $1.09 million was made by Brooks Daniel W on Friday, October 20.

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