Deutsche Bank AG Has $572,000 Position in Independent Bank Group Inc (IBTX)

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Deutsche Bank AG reduced its position in shares of Independent Bank Group Inc (NASDAQ:IBTX) by 72.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,552 shares of the bank’s stock after selling 32,305 shares during the period. Deutsche Bank AG’s holdings in Independent Bank Group were worth $572,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBTX. Norges Bank bought a new position in Independent Bank Group during the 4th quarter valued at about $9,889,000. Dimensional Fund Advisors LP lifted its holdings in Independent Bank Group by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,756,303 shares of the bank’s stock valued at $80,389,000 after purchasing an additional 216,028 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Independent Bank Group by 67.5% during the 4th quarter. Geode Capital Management LLC now owns 401,298 shares of the bank’s stock valued at $18,367,000 after purchasing an additional 161,786 shares during the last quarter. Investment Counselors of Maryland LLC lifted its holdings in Independent Bank Group by 127.8% during the 4th quarter. Investment Counselors of Maryland LLC now owns 253,305 shares of the bank’s stock valued at $11,594,000 after purchasing an additional 142,085 shares during the last quarter. Finally, SCW Capital Management LP bought a new position in Independent Bank Group during the 4th quarter valued at about $6,179,000. 48.07% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Paul W. Taylor sold 5,000 shares of Independent Bank Group stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $57.22, for a total transaction of $286,100.00. Following the completion of the sale, the director now owns 36,229 shares in the company, valued at approximately $2,073,023.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul W. Taylor sold 5,300 shares of Independent Bank Group stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $56.79, for a total transaction of $300,987.00. Following the sale, the director now owns 30,929 shares of the company’s stock, valued at approximately $1,756,457.91. The disclosure for this sale can be found here. Company insiders own 10.90% of the company’s stock.

IBTX opened at $53.16 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.92 and a beta of 1.49. Independent Bank Group Inc has a 1-year low of $44.14 and a 1-year high of $79.00.

Independent Bank Group (NASDAQ:IBTX) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $1.19 earnings per share for the quarter, meeting the consensus estimate of $1.19. The firm had revenue of $138.08 million during the quarter, compared to analysts’ expectations of $137.40 million. Independent Bank Group had a net margin of 26.04% and a return on equity of 8.92%. As a group, equities research analysts forecast that Independent Bank Group Inc will post 5.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, May 3rd. Independent Bank Group’s payout ratio is presently 22.42%.

Several equities analysts recently issued reports on IBTX shares. ValuEngine downgraded shares of Independent Bank Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Stephens set a $69.00 price objective on shares of Independent Bank Group and gave the company a “buy” rating in a research report on Tuesday, April 23rd. BidaskClub upgraded shares of Independent Bank Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research upgraded shares of Independent Bank Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $66.80.

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Independent Bank Group Profile

Independent Bank Group, Inc operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including demand deposits, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Independent Bank Group (NASDAQ:IBTX)

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