Independent Bank Group, Inc (NASDAQ:IBTX) Vice Chairman Brian E. Hobart sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $65.00, for a total transaction of $487,500.00. Following the completion of the transaction, the insider now directly owns 111,022 shares of the company’s stock, valued at $7,216,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Independent Bank Group, Inc (NASDAQ:IBTX) traded down 0.93% on Monday, hitting $64.05. 173,995 shares of the stock traded hands. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 21.39 and a beta of 1.28. Independent Bank Group, Inc has a 1-year low of $44.45 and a 1-year high of $66.85. The stock has a 50-day moving average price of $59.85 and a 200 day moving average price of $59.17.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $84.99 million during the quarter, compared to the consensus estimate of $83.00 million. Independent Bank Group had a net margin of 23.46% and a return on equity of 8.11%. During the same quarter last year, the firm posted $0.78 EPS. On average, analysts anticipate that Independent Bank Group, Inc will post $3.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, November 3rd. Independent Bank Group’s dividend payout ratio is 12.90%.

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A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Independent Bank Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Hovde Group raised shares of Independent Bank Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $68.00 to $69.00 in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods raised shares of Independent Bank Group from a “market perform” rating to an “outperform” rating and set a $71.00 price target for the company in a research note on Wednesday, July 26th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price target on shares of Independent Bank Group in a research note on Friday, September 1st. Finally, Stephens reissued a “buy” rating and set a $71.00 price target on shares of Independent Bank Group in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $71.40.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its stake in shares of Independent Bank Group by 2,892.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,885 shares of the bank’s stock worth $112,000 after purchasing an additional 1,822 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Independent Bank Group by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,790 shares of the bank’s stock worth $179,000 after purchasing an additional 389 shares during the period. Karp Capital Management Corp bought a new stake in shares of Independent Bank Group during the 1st quarter worth $202,000. Virtu KCG Holdings LLC bought a new stake in shares of Independent Bank Group during the 2nd quarter worth $251,000. Finally, Airain ltd bought a new stake in shares of Independent Bank Group during the 2nd quarter worth $256,000. 46.62% of the stock is currently owned by hedge funds and other institutional investors.

About Independent Bank Group

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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