Independent Bank Group, Inc. (NASDAQ: IBTX) COO sells $ 153,608.00 in shares

Independent Bank Group, Inc. (NASDAQ: IBTX) Chief Operating Officer Michael B. Hobbs sold 2,080 shares in a trade on Monday, November 22. The shares were sold for an average price of $ 73.85, for a total value of $ 153,608.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this hyperlink.

The NASDAQ IBTX traded up $ 1.33 on Tuesday, reaching $ 75.03. The stock had a trading volume of 213,727 shares, compared to its average volume of 167,864. The company has a leverage ratio of 0.27, a current ratio of 0.99, and a quick ratio of 0. 99. The company has a fifty-day moving average of $ 71.37 and a two-hundred-day moving average of $ 72.38. Independent Bank Group, Inc. has a one-year low at $ 55.92 and a one-year high at $ 80.71. The company has a market cap of $ 3.22 billion, a P / E ratio of 14.05 and a beta of 1.87.

Independent Bank Group (NASDAQ: IBTX) last released its quarterly profit data on Sunday, October 24. The bank reported EPS of $ 1.22 for the quarter, missing analyst consensus estimates of $ 1.30 ($ 0.08). Independent Bank Group had a net margin of 34.62% and a return on equity of 9.05%. During the same period last year, the company made earnings per share of $ 1.38. Research analysts predict that Independent Bank Group, Inc. will post 5.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 24. Shareholders of record on Thursday, November 11 will receive a dividend of $ 0.36 per share. This is a positive change from the previous quarterly dividend of $ 0.34 from the Independent Bank Group. This represents an annualized dividend of $ 1.44 and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, November 9. The Independent Bank Group’s dividend payout ratio is 27.17%.

Separately, Zacks Investment Research downgraded Independent Bank Group from a “hold” rating to a “sell” rating in a report released Thursday, October 28.

Several institutional investors and hedge funds have recently increased or reduced their holdings in IBTX. American Century Companies Inc. increased its stake in Independent Bank Group shares by 21.2% during the second quarter. American Century Companies Inc. now owns 1,314,502 shares of the bank valued at $ 97,247,000 after purchasing an additional 229,916 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in the shares of Independent Bank Group during the third quarter valued at $ 12,189,000. Millennium Management LLC increased its stake in Independent Bank Group shares by 145.1% during the 1st quarter. Millennium Management LLC now owns 243,880 shares of the bank valued at $ 17,618,000 after purchasing an additional 144,363 shares in the last quarter. Vanguard Group Inc. increased its holdings of Independent Bank Group shares by 1.7% in the second quarter. Vanguard Group Inc. now owns 4,061,957 shares of the bank valued at $ 300,503,000 after purchasing an additional 68,752 shares in the last quarter. Finally, State Street Corp increased its stake in Independent Bank Group shares by 3.4% during the second quarter. State Street Corp now owns 1,919,706 shares of the bank valued at $ 142,020,000 after purchasing an additional 62,906 shares in the last quarter. 71.32% of the shares are currently held by institutional investors.

Company profile of the independent banking group

Independent Bank Group, Inc. is a banking holding company, committed to providing relationship-oriented commercial banking products and services tailored to the needs of businesses, professionals and individuals. It offers solutions for checks, savings, business loans, business services and cash management.

Further Reading: Which Sectors Are Represented in the Hang Seng Index?

Insider buys and sells by quarter for Independent Bank Group (NASDAQ: IBTX)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Independent Bank Group now?

Before you consider Independent Bank Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of … and Independent Bank Group was not on the list.

Although Independent Bank Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

Previous HEALTHCARE TRIANGLE, INC. Discussion and analysis by management of the financial position and operating results. (form 10-Q)
Next Child poverty report shows income gap between parents widening