Independent Bank Group Director G Stacy Smith Buys 2,500 Shares (IBTX)
Independent Bank Group (NASDAQ:IBTX) Director G Stacy Smith acquired 2,500 shares of the stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $51.98 per share, with a total value of $129,950.00. Following the transaction, the director now directly owns 118,208 shares of the company’s stock, valued at approximately $6,144,452. 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 1.52% on Monday, hitting $53.58. The stock had a trading volume of 57,403 shares. Independent Bank Group has a 1-year low of $28.75 and a 1-year high of $61.49. The stock’s 50-day moving average is $49.1 and its 200-day moving average is $51.51. The company has a market cap of $876.9 million and a P/E ratio of 42.43.
Independent Bank Group (NASDAQ:IBTX) last announced its earnings results 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 $2.23 EPS for the current fiscal year.
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.
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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