Independent Bank Group Director Acquires $99,420 in Stock (IBTX)
Independent Bank Group (NASDAQ:IBTX) Director Jack M. Radke bought 2,000 shares of Independent Bank Group stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $49.71 per share, with a total value of $99,420.00. Following the acquisition, the director now directly owns 118,357 shares of the company’s stock, valued at approximately $5,883,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IBTX. Analysts at Sterne Agee initiated coverage on shares of Independent Bank Group in a research note on Friday, May 16th. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Independent Bank Group in a research note on Friday, April 4th. They set an “equal weight” rating and a $60.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Independent Bank Group from $53.00 to $57.00 in a research note on Wednesday, March 19th.
Shares of Independent Bank Group (NASDAQ:IBTX) traded up 0.16% during mid-day trading on Friday, hitting $50.48. 101,076 shares of the company’s stock traded hands. Independent Bank Group has a 52 week low of $28.38 and a 52 week high of $61.49. The stock has a 50-day moving average of $49.88 and a 200-day moving average of $51.. The company has a market cap of $826.2 million and a price-to-earnings ratio of 40.51.
Independent Bank Group (NASDAQ:IBTX) last released its earnings data on Wednesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.04. On average, analysts predict that Independent Bank Group will post $2.20 earnings per share for the current fiscal year.
Independent Bank Group, Inc, is bank holding company. Through its wholly owned subsidiary, Independent Bank (NASDAQ:IBTX), a state chartered bank, the Company provides a range of commercial banking products and services for businesses, professionals and individuals.
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