Independent Bank Group, Inc (NASDAQ:IBTX) CFO Michelle S. Hickox purchased 200 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $56.50 per share, for a total transaction of $11,300.00. Following the completion of the purchase, the chief financial officer now owns 23,100 shares in the company, valued at $1,305,150. The transaction was disclosed in a filing with the SEC, which is available at this link.

Independent Bank Group, Inc (NASDAQ IBTX) traded down 2.79% during trading on Thursday, reaching $55.80. The company had a trading volume of 62,302 shares. The stock has a 50 day moving average price of $59.44 and a 200 day moving average price of $60.79. The firm has a market capitalization of $1.55 billion, a P/E ratio of 18.64 and a beta of 1.26. Independent Bank Group, Inc has a 52 week low of $42.73 and a 52 week high of $66.85.

Independent Bank Group (NASDAQ:IBTX) last posted its earnings results on Monday, July 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Independent Bank Group had a net margin of 23.52% and a return on equity of 8.43%. The business had revenue of $80.50 million for the quarter, compared to analyst estimates of $81.31 million. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue for the quarter was up 58.4% on a year-over-year basis. Analysts predict that Independent Bank Group, Inc will post $3.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 3rd. Independent Bank Group’s payout ratio is currently 13.16%.

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Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Independent Bank Group by 2,892.1% in the second quarter. BNP Paribas Arbitrage SA now owns 1,885 shares of the bank’s stock valued at $112,000 after buying an additional 1,822 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Independent Bank Group by 108.5% in the first quarter. Acrospire Investment Management LLC now owns 2,498 shares of the bank’s stock valued at $161,000 after buying an additional 1,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Independent Bank Group by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 2,790 shares of the bank’s stock valued at $179,000 after buying an additional 389 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Independent Bank Group during the first quarter valued at about $202,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Independent Bank Group during the second quarter valued at about $251,000. 41.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on IBTX shares. Stephens restated a “buy” rating on shares of Independent Bank Group in a research note on Monday, April 24th. Zacks Investment Research downgraded Independent Bank Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Sandler O’Neill upgraded Independent Bank Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, June 26th. BidaskClub downgraded Independent Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded Independent Bank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.60.

Independent Bank Group Company Profile

Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area.

Insider Buying and Selling by Quarter for Independent Bank Group (NASDAQ:IBTX)

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