Independent Bank Group, Inc (NASDAQ:IBTX) Vice Chairman Daniel W. Brooks sold 25,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $68.30, for a total transaction of $1,707,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Independent Bank Group, Inc (IBTX) traded up $0.25 during midday trading on Friday, hitting $68.90. The stock had a trading volume of 290,900 shares, compared to its average volume of 103,113. The firm has a market cap of $1,853.35, a P/E ratio of 19.72 and a beta of 1.29. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. Independent Bank Group, Inc has a 12 month low of $51.70 and a 12 month high of $70.45.

Independent Bank Group (NASDAQ:IBTX) last posted its earnings results on Monday, October 23rd. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $84.99 million during the quarter, compared to analyst estimates of $83.00 million. Independent Bank Group had a return on equity of 8.11% and a net margin of 23.46%. During the same quarter in the prior year, the business earned $0.78 earnings per share. equities analysts predict that Independent Bank Group, Inc will post 3.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, November 3rd. Independent Bank Group’s dividend payout ratio (DPR) is presently 12.90%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System bought a new position in shares of Independent Bank Group during the 1st quarter worth approximately $354,000. Vanguard Group Inc. lifted its holdings in Independent Bank Group by 16.1% during the 1st quarter. Vanguard Group Inc. now owns 521,867 shares of the bank’s stock worth $33,557,000 after purchasing an additional 72,484 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Independent Bank Group by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 95,018 shares of the bank’s stock worth $6,109,000 after purchasing an additional 7,219 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Independent Bank Group by 25.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 430,633 shares of the bank’s stock worth $27,690,000 after purchasing an additional 87,826 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Independent Bank Group by 7.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 41,609 shares of the bank’s stock valued at $2,676,000 after acquiring an additional 2,794 shares in the last quarter. Hedge funds and other institutional investors own 49.83% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of Independent Bank Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $71.00 target price on shares of Independent Bank Group in a research report on Wednesday, October 4th. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Independent Bank Group in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Independent Bank Group from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.40.

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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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