Independent Bank Group Inc. (IBTX) EVP Jan C. Webb Sells 5,000 Shares of Stock

Independent Bank Group Inc. (NASDAQ:IBTX) EVP Jan C. Webb sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now owns 31,495 shares of the company’s stock, valued at approximately $1,417,275. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Independent Bank Group Inc. (NASDAQ:IBTX) opened at 45.55 on Monday. Independent Bank Group Inc. has a 12-month low of $25.50 and a 12-month high of $46.95. The firm’s 50-day moving average is $44.14 and its 200 day moving average is $39.43. The stock has a market capitalization of $841.54 million, a P/E ratio of 19.24 and a beta of 1.26.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm earned $50.81 million during the quarter, compared to analyst estimates of $50.21 million. Independent Bank Group had a return on equity of 7.64% and a net margin of 20.35%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, equities research analysts forecast that Independent Bank Group Inc. will post $2.86 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Independent Bank Group (NASDAQ:IBTX)

Several analysts have recently issued reports on IBTX shares. Zacks Investment Research lowered shares of Independent Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Raymond James Financial Inc. assumed coverage on shares of Independent Bank Group in a research report on Thursday, July 7th. They set an “outperform” rating and a $44.00 price target for the company. Keefe, Bruyette & Woods increased their price target on shares of Independent Bank Group from $40.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. Finally, Hovde Group increased their price target on shares of Independent Bank Group from $43.00 to $45.50 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Independent Bank Group has a consensus rating of “Buy” and an average target price of $43.50.

Institutional investors have recently bought and sold shares of the company. SECOR Capital Advisors LP raised its position in Independent Bank Group by 59.6% in the second quarter. SECOR Capital Advisors LP now owns 31,713 shares of the company’s stock valued at $1,361,000 after buying an additional 11,846 shares in the last quarter. Spark Investment Management LLC raised its position in Independent Bank Group by 79.4% in the first quarter. Spark Investment Management LLC now owns 18,300 shares of the company’s stock valued at $501,000 after buying an additional 8,100 shares in the last quarter. Prudential Financial Inc. bought a new position in Independent Bank Group during the first quarter valued at about $986,000. Victory Capital Management Inc. raised its position in Independent Bank Group by 22.9% in the second quarter. Victory Capital Management Inc. now owns 19,191 shares of the company’s stock valued at $823,000 after buying an additional 3,575 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Independent Bank Group by 51.4% in the first quarter. Renaissance Technologies LLC now owns 31,800 shares of the company’s stock valued at $871,000 after buying an additional 10,800 shares in the last quarter. 33.92% of the stock is owned by hedge funds and other institutional investors.

About Independent Bank Group

Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), it provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a mix of small and midsized businesses, and loans to professionals, particularly medical practices.

5 Day Chart for NASDAQ:IBTX

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