Independent Bank Group Inc. (NASDAQ:IBTX) Director G Stacy Smith sold 5,000 shares of Independent Bank Group stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $59.70, for a total value of $298,500.00. Following the completion of the sale, the director now owns 119,670 shares in the company, valued at approximately $7,144,299. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Independent Bank Group Inc. (NASDAQ:IBTX) traded down 0.58% on Monday, reaching $59.85. The company had a trading volume of 140,192 shares. The stock has a market capitalization of $1.11 billion, a P/E ratio of 22.41 and a beta of 1.18. The firm has a 50-day moving average of $49.80 and a 200-day moving average of $43.75. Independent Bank Group Inc. has a 12 month low of $25.50 and a 12 month high of $60.45.
Independent Bank Group (NASDAQ:IBTX) last announced its earnings results on Monday, October 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Independent Bank Group had a return on equity of 8.23% and a net margin of 22.20%. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities research analysts expect that Independent Bank Group Inc. will post $2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were issued a dividend of $0.10 per share. This is a boost from Independent Bank Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. Independent Bank Group’s dividend payout ratio (DPR) is 14.98%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Independent Bank Group by 378.3% in the second quarter. BlackRock Inc. now owns 2,803 shares of the company’s stock valued at $120,000 after buying an additional 2,217 shares during the period. Citadel Advisors LLC acquired a new stake in Independent Bank Group during the second quarter valued at about $213,000. Parametric Portfolio Associates LLC acquired a new stake in Independent Bank Group during the second quarter valued at about $217,000. BlackRock Advisors LLC boosted its stake in Independent Bank Group by 87.6% in the second quarter. BlackRock Advisors LLC now owns 5,318 shares of the company’s stock valued at $228,000 after buying an additional 2,484 shares during the period. Finally, BlackRock Group LTD boosted its stake in Independent Bank Group by 8.4% in the third quarter. BlackRock Group LTD now owns 5,483 shares of the company’s stock valued at $242,000 after buying an additional 423 shares during the period. Institutional investors and hedge funds own 35.39% of the company’s stock.
Several research firms recently issued reports on IBTX. Hovde Group boosted their price objective on Independent Bank Group from $50.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, November 23rd. Zacks Investment Research upgraded Independent Bank Group from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.57.
Independent Bank Group Company Profile