Insider Selling: Independent Bank Group, Inc. (NASDAQ:IBTX) EVP Sells 5,371 Shares of Stock

Independent Bank Group, Inc. (NASDAQ:IBTXGet Rating) EVP James C. White sold 5,371 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $70.06, for a total transaction of $376,292.26. Following the transaction, the executive vice president now owns 8,231 shares in the company, valued at $576,663.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Independent Bank Group stock traded down $0.07 on Monday, hitting $70.18. The stock had a trading volume of 255,398 shares, compared to its average volume of 222,331. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Independent Bank Group, Inc. has a one year low of $62.82 and a one year high of $80.14. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 14.05 and a beta of 1.61. The stock’s 50-day simple moving average is $72.76 and its two-hundred day simple moving average is $73.64.

Independent Bank Group (NASDAQ:IBTXGet Rating) last issued its earnings results on Monday, April 25th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. Independent Bank Group had a net margin of 33.81% and a return on equity of 8.54%. The firm had revenue of $144.03 million for the quarter, compared to analysts’ expectations of $143.21 million. During the same quarter last year, the business earned $1.39 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Independent Bank Group, Inc. will post 5.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, May 4th. Independent Bank Group’s payout ratio is 30.40%.

A number of hedge funds have recently made changes to their positions in IBTX. CWM LLC purchased a new stake in Independent Bank Group in the fourth quarter worth $28,000. Public Employees Retirement System of Ohio lifted its stake in Independent Bank Group by 43.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 700 shares of the bank’s stock worth $51,000 after acquiring an additional 211 shares during the period. Strs Ohio purchased a new stake in Independent Bank Group in the first quarter worth $64,000. Point72 Hong Kong Ltd lifted its stake in Independent Bank Group by 457.0% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,593 shares of the bank’s stock worth $115,000 after acquiring an additional 1,307 shares during the period. Finally, Modera Wealth Management LLC purchased a new stake in Independent Bank Group in the fourth quarter worth $200,000. 73.93% of the stock is owned by institutional investors.

A number of research analysts have commented on IBTX shares. StockNews.com started coverage on shares of Independent Bank Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Janney Montgomery Scott started coverage on shares of Independent Bank Group in a research report on Wednesday, March 9th. They set a “neutral” rating on the stock. Truist Financial increased their price target on shares of Independent Bank Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, January 26th. Finally, Zacks Investment Research upgraded shares of Independent Bank Group from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Wednesday, January 12th.

About Independent Bank Group (Get Rating)

Independent Bank Group, Inc operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit.

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

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