Independent Bank Group, Inc. (IBTX) Files Form 4 Insider Buying : G Stacy Smith Buys 15,186 Shares

Independent Bank Group, Inc. (IBTX): G Stacy Smith , director of Independent Bank Group, Inc. purchased 15,186 shares on Jun 24, 2016. The Insider buying transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $38.86 per share for a total value of $590,595.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 24, 2016, Torry Berntsen (President) purchased 100 shares at $39.73 per share price.On May 16, 2016, Jack M Radke (director) purchased 4,000 shares at $33.86 per share price.Also, On Feb 19, 2016, Michelle S Hickox (CFO) purchased 250 shares at $27.50 per share price.On Feb 17, 2016, G Stacy Smith (director) purchased 4,800 shares at $38.58 per share price.

Shares of Independent Bank Group Inc (IBTX) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -2.68 points or -6.38% at $39.33 with 2,56,404 shares getting traded. Post opening the session at $39.71, the shares hit an intraday low of $38.8 and an intraday high of $40.05 and the price vacillated in this range throughout the day. The company has a market cap of $726 M and the number of outstanding shares has been calculated to be 1,84,60,978 shares. The 52-week high of Independent Bank Group Inc is $46.66 and the 52-week low is $25.5.

Independent Bank Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Independent Bank Group Inc is Upgraded by Evercore ISI to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 9, 2016.Independent Bank Group Inc is Reiterated by Hovde Group to Market Perform and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $31 .The Rating was issued on Apr 27, 2016.Independent Bank Group Inc is Upgraded by Piper Jaffray to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 25, 2016.

Independent Bank Group Inc. is bank holding company. Through the Company’s wholly owned subsidiary Independent Bank (the Bank) the Company provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses professionals and individuals. Commercial lending products include owner-occupied commercial real estate loans interim construction loans commercial loans to a diversified mix of small and midsized businesses and loans to professionals particularly medical practices. Retail lending products include residential first and second mortgage loans and consumer installment loans such as loans to purchase cars boats and other recreational vehicles. The Company operates approximately 39 banking offices in the Dallas-Fort Worth metropolitan area the Austin/Central Texas area and the Houston metropolitan area.

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