Today it was reported that the EVP and Secretary of Independent Bank Group (IBTX), Jan Webb, exercised options to buy 1,309 IBTX shares at $17.18 a share, for a total transaction value of $22.49K. The options were close to expired and Jan Webb retained stocks.
This recent transaction increases Jan Webb’s holding in the company by 7.57% to a total of $994.4K. In addition to Jan Webb, one other IBTX executive reported Buy trades in the last month.
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 $1.63B and the company has a P/E ratio of 13.74. Currently, Independent Bank Group has an average volume of 216.8K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $73.92, reflecting a 40.9% 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 41 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.