Trident Iv Lp Opened Huge Independent Bank Group, Inc Position

December 7, 2017 - By Hazel Jackson

 Trident Iv Lp Opened Huge Independent Bank Group, Inc Position

Investors sentiment increased to 1.67 in 2017 Q2. Its up 0.30, from 1.37 in 2017Q1. It increased, as 22 investors sold Independent Bank Group, Inc. shares while 21 reduced holdings. 20 funds opened positions while 52 raised stakes. 10.79 million shares or 21.54% more from 8.88 million shares in 2017Q1 were reported.

860 were accumulated by Royal Comml Bank Of Canada. Aqr Capital Mgmt holds 28,074 shares or 0% of its portfolio. Swiss Savings Bank reported 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Clarivest Asset Mgmt Lc has invested 0.01% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Parametric Portfolio Associates Ltd has 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Manufacturers Life Insur The invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). State Street Corporation invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Nationwide Fund Advsr invested in 0.01% or 21,394 shares. New York-based Mendon Cap Advsrs Corporation has invested 0.22% in Independent Bank Group, Inc. (NASDAQ:IBTX). Millennium Management Ltd Llc has invested 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). American Bancorp reported 0.12% stake. Fred Alger Mgmt reported 323,903 shares or 0.09% of all its holdings. Natl Bank Of America De holds 0% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX) for 64,387 shares. Linscomb Williams owns 35,957 shares for 0.19% of their portfolio. Victory Cap owns 2,658 shares for 0% of their portfolio.

The New Trident Iv Lp Holding in Independent Bank Group, Inc

Trident Iv Lp reported SC 13D/A form with the SEC for Independent Bank Group, Inc. Access it here: 000119312517362977. As reported by Trident Iv Lp, the filler owns 4.8% or 1,322,378 shares of the Finance–company.

Independent Bank Group, Inc stake is new for [reportingPerson]. Date of activity: December6, 2017. This shows Trident Iv Lp’s positive view for Independent Bank Group, Inc.

Reasons Why Trident Iv Lp Bought – Independent Bank Group, Inc Stock

Purpose of Transaction

Item 4 of the Original Schedule 13D is hereby amended andrestated as follows:

The information set forth or incorporated by reference in Item 6 is hereby incorporated herein by reference thereto.

On November29, 2017, each of the Depositories entered into an underwriting agreement (the “Underwriting Agreement”) withthe Issuer and the underwriters named therein, pursuant to which the Depositories agreed to sell to the Underwriters a total of 440,794 shares of Common Stock. The settlement date was December6, 2017.

The information set forth in response to this Item 4 is qualified in its entirety by reference to the Underwriting Agreement attached heretoas Exhibit B and is incorporated herein by reference thereto.

Item5.Interest in Securities of the Issuer

Independent Bank Group, Inc Institutional Sentiment

Filings show 80 investors own Independent Bank Group, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6521025. 11651703 were owned by these investors. 4 funds opened new Independent Bank Group, Inc stakes, 28 increased positions. There were 7 that closed positions and 27 reduced them.

Thomson Horstmann & Bryant Inc is an investor bullish on Independent Bank Group, Inc, owning 259838 shares as of Q3 2015 for 0.98% of its portfolio. William Black Consector Capital Lp owns 32959 shares or 1.46% of its portfolio. MA Castine Capital Management Llc have 2.57% of its portfolio for 147454 shares. Further, Clover Partners Lp reported stake worth 2.53% of its portfolio. The TX Hodges Capital Management Inc owns 729138 shares. Independent Bank Group, Inc is 1.15% of its portfolio.

SEC Form 13D.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on January, 24. They expect $0.94 EPS, up 13.25 % or $0.11 from last year’s $0.83 per share. IBTX’s profit will be $26.50M for 18.18 P/E if the $0.94 EPS becomes a reality. After $0.89 actual EPS reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 5.62 % EPS growth.

The stock increased 0.22% or $0.15 during the last trading session, reaching $68.35. About 50,161 shares traded. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since December 7, 2016 and is uptrending. It has outperformed by 47.36% the S&P500.

Independent Bank Group, Inc. operates as the bank holding firm for Independent Bank that provides a range of commercial banking services and products to businesses, professionals, and individuals in the United States. The company has market cap of $1.93 billion. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. It has a 22.83 P/E ratio. The firm also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit and energy related loans; agricultural loans for farmers and ranchers; consumer loans, such as installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages.

Independent Bank Group, Inc. (NASDAQ:IBTX) Ratings Coverage

Among 11 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Independent Bank Group Inc has $76.0 highest and $35 lowest target. $64.44’s average target is -5.72% below currents $68.35 stock price. Independent Bank Group Inc had 27 analyst reports since August 4, 2015 according to SRatingsIntel. Evercore upgraded the stock to “Buy” rating in Thursday, June 9 report. The stock has “Buy” rating by TheStreet on Thursday, August 27. As per Tuesday, July 25, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Wednesday, November 29 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Monday, June 26 by Sandler O’Neill. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Wednesday, July 26 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating given on Wednesday, December 9 by Stephens. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Hold” rating given on Tuesday, November 28 by SunTrust. The company was downgraded on Friday, October 23 by Sandler O’Neill. Stephens maintained the shares of IBTX in report on Tuesday, June 20 with “Buy” rating.

More notable recent Independent Bank Group, Inc. (NASDAQ:IBTX) news were published by: Globenewswire.com which released: “Independent Bank Group, Inc. Announces Q3 2017 Earnings Call” on October 10, 2017, also Reuters.com with their article: “BRIEF-Independent Bank Group Announces Closing Of Common Stock Offering” published on December 06, 2017, Globenewswire.com published: “Independent Bank Group, Inc. to Acquire Integrity Bancshares, Inc.” on November 28, 2017. More interesting news about Independent Bank Group, Inc. (NASDAQ:IBTX) were released by: Bizjournals.com and their article: “Independent Bank to buy third Houston-based bank in $164.3M deal” published on November 29, 2017 as well as Globenewswire.com‘s news article titled: “Independent Bank Group, Inc. Announces Closing of Common Stock Offering” with publication date: December 06, 2017.

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