Insider Buying: Independent Bank Group CEO Purchases 1,000 Shares of Stock (IBTX)
Independent Bank Group (NASDAQ:IBTX) CEO David R. Brooks bought 1,000 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $48.72 per share, with a total value of $48,720.00. Following the completion of the transaction, the chief executive officer now directly owns 1,008,804 shares in the company, valued at approximately $49,148,931. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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.
Independent Bank Group (NASDAQ:IBTX) traded down 0.05% during mid-day trading on Friday, hitting $50.376. The stock had a trading volume of 75,189 shares. Independent Bank Group has a 52 week low of $28.38 and a 52 week high of $61.49. The stock’s 50-day moving average is $49.88 and its 200-day moving average is $51.. The company has a market cap of $824.5 million and a P/E 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 for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.04. Analysts expect that Independent Bank Group will post $2.20 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.