Today it was reported that the COB, CEO & Pres of Independent Bank Group (IBTX), David R. Brooks, exercised options to buy 23,270 IBTX shares at $17.18 a share, for a total transaction value of $399.8K. The options were close to expired and David R. Brooks retained stocks.
In addition to David R. Brooks, 8 other IBTX executives reported Buy trades in the last month. This is Brooks’ first transaction since reporting a Buy transaction on CSWC back in December 2017
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Based on Independent Bank Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $122 million and quarterly net profit of $35.4 million. In comparison, last year the company earned revenue of $96.95 million and had a net profit of $23.31 million. IBTX’s market cap is $1.45B and the company has a P/E ratio of 12.51. Currently, Independent Bank Group has an average volume of 430.2K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73.92, reflecting a 51.9% upside. Five different firms, including KBW and Piper Jaffray, currently also have a Buy rating on the stock.
The insider sentiment on Independent Bank Group has been positive according to 46 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
David R. Brooks’ trades have generated a 28.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Independent Bank Group, Inc. operates as a bank holding company. It provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and individual through its subsidiary, Independent Bank.
