Insider Buying: Independent Bank Group Director Buys 1,500 Shares of Stock (IBTX)
Independent Bank Group (NASDAQ:IBTX) Director G Stacy Smith purchased 1,500 shares of Independent Bank Group stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $48.78 per share, for a total transaction of $73,170.00. Following the purchase, the director now directly owns 118,208 shares in the company, valued at approximately $5,766,186. The purchase was disclosed in a document filed with the SEC, which is available at 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 up 0.02% on Friday, hitting $50.408. 74,989 shares of the company’s stock traded hands. Independent Bank Group has a 1-year low of $28.38 and a 1-year 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 $825.0 million and a price-to-earnings ratio of 40.51.
Independent Bank Group (NASDAQ:IBTX) last issued its quarterly 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. 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.
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