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Independent Bank Group (NASDAQ:IBTX) CEO David R. Brooks acquired 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 price of $48.72 per share, with a total value of $48,720.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,008,804 shares of the company’s stock, valued at approximately $49,148,931. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Independent Bank Group (NASDAQ:IBTX) traded up 0.16% during mid-day trading on Friday, hitting $50.48. The stock had a trading volume of 101,076 shares. Independent Bank Group has a 52 week low of $28.60 and a 52 week high of $61.49. The stock has a 50-day moving average of $49.66 and a 200-day moving average of $51.15. 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 issued its quarterly 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. On average, analysts predict that Independent Bank Group will post $2.21 earnings per share for the current fiscal year.

IBTX has been the subject of a number of recent research reports. 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, 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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