Independent Bank Group Inc. (NASDAQ:IBTX) EVP Jan C. Webb sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the executive vice president now owns 31,495 shares of the company’s stock, valued at approximately $1,417,275. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Independent Bank Group Inc. (NASDAQ:IBTX) opened at 45.55 on Monday. The firm has a 50-day moving average of $44.14 and a 200 day moving average of $39.43. Independent Bank Group Inc. has a 52 week low of $25.50 and a 52 week high of $46.95. The firm has a market cap of $841.54 million, a PE ratio of 19.24 and a beta of 1.26.

Independent Bank Group (NASDAQ:IBTX) last posted its earnings results on Monday, July 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Independent Bank Group had a net margin of 20.35% and a return on equity of 7.64%. The firm earned $50.81 million during the quarter, compared to analyst estimates of $50.21 million. The company’s revenue was up 21.3% on a year-over-year basis. Equities research analysts predict that Independent Bank Group Inc. will post $2.86 EPS for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Independent Bank Group by 654.0% in the first quarter. Wellington Management Group LLP now owns 456,653 shares of the company’s stock valued at $12,513,000 after buying an additional 396,089 shares during the last quarter. Vanguard Group Inc. raised its stake in Independent Bank Group by 13.6% in the second quarter. Vanguard Group Inc. now owns 388,128 shares of the company’s stock valued at $16,655,000 after buying an additional 46,369 shares during the last quarter. Alliancebernstein L.P. raised its stake in Independent Bank Group by 4.0% in the second quarter. Alliancebernstein L.P. now owns 341,284 shares of the company’s stock valued at $14,644,000 after buying an additional 13,174 shares during the last quarter. BlackRock Fund Advisors raised its stake in Independent Bank Group by 15.4% in the second quarter. BlackRock Fund Advisors now owns 285,709 shares of the company’s stock valued at $12,260,000 after buying an additional 38,093 shares during the last quarter. Finally, Weatherbie Capital LLC raised its stake in Independent Bank Group by 45.0% in the second quarter. Weatherbie Capital LLC now owns 245,309 shares of the company’s stock valued at $10,526,000 after buying an additional 76,164 shares during the last quarter. Hedge funds and other institutional investors own 33.92% of the company’s stock.

IBTX has been the subject of a number of research reports. Zacks Investment Research cut shares of Independent Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Raymond James Financial Inc. initiated coverage on shares of Independent Bank Group in a research note on Thursday, July 7th. They set an “outperform” rating and a $44.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of Independent Bank Group from $40.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Finally, Hovde Group raised their target price on shares of Independent Bank Group from $43.00 to $45.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Independent Bank Group has an average rating of “Buy” and a consensus target price of $43.50.

About Independent Bank Group

Independent Bank Group, Inc is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), it provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a mix of small and midsized businesses, and loans to professionals, particularly medical practices.

5 Day Chart for NASDAQ:IBTX

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