Lee Thomas H Opened Huge Independent Bank Group, Inc Position

March 12, 2018 - By Hazel Jackson

 Lee Thomas H Opened Huge Independent Bank Group, Inc Position

Investors sentiment decreased to 1.4 in 2017 Q3. Its down 0.27, from 1.67 in 2017Q2. It worsened, as 14 investors sold Independent Bank Group, Inc. shares while 26 reduced holdings. 18 funds opened positions while 38 raised stakes. 11.24 million shares or 4.16% more from 10.79 million shares in 2017Q2 were reported.

Atlantic Trust Group Ltd Llc holds 338,054 shares. 1,232 are owned by Great West Life Assurance Can. Banc Funds Ltd Liability accumulated 22,800 shares. Geode Cap Mngmt Ltd Liability Com invested in 172,833 shares. Citadel Advsr Ltd Liability reported 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Next Century Growth Investors Limited Liability Company stated it has 0.96% in Independent Bank Group, Inc. (NASDAQ:IBTX). California Pub Employees Retirement Systems accumulated 0% or 10,531 shares. First Trust Limited Partnership reported 43,567 shares or 0.01% of all its holdings. Dimensional Fund Advisors Limited Partnership holds 644,395 shares. Yorktown Mgmt & Research Co reported 0.08% of its portfolio in Independent Bank Group, Inc. (NASDAQ:IBTX). Moreover, Price T Rowe Associates Md has 0.01% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Us Natl Bank De holds 0% or 10,952 shares in its portfolio. Bnp Paribas Arbitrage Sa has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Harbourvest Prns Limited Liability owns 253,755 shares for 10.1% of their portfolio. 1,611 are owned by Tower Rech Cap Ltd (Trc).

Since October 13, 2017, it had 1 buy, and 7 insider sales for $7.59 million activity. $2,100 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) was bought by Hickox Michelle S on Friday, March 2. Brooks Daniel W had sold 17,397 shares worth $1.09 million on Friday, October 20. Cifu Douglas A had sold 40,542 shares worth $2.92 million.

The New Lee Thomas H Holding in Independent Bank Group, Inc

Lee Thomas H reported SC 13D/A form with the SEC for Independent Bank Group, Inc. Access it here: 000114036118012891. As reported by Lee Thomas H, the filler owns 3.9% or 1,096,796 shares of the Finance–company.

Independent Bank Group, Inc stake is new for [reportingPerson]. Date of activity: March 8, 2018. This shows Lee Thomas H’s positive view for Independent Bank Group, Inc.

Reasons Why Lee Thomas H Bought – Independent Bank Group, Inc Stock

Purpose of Transaction

Item 4 of the Schedule 13D is hereby supplemented as follows:

The purpose of this Amendment No. 2 is to reflect that on March 8, 2018, LEP Carlile Holdings, LLC sold 450,000 shares of Common Stock pursuant to Rule 144 in standard broker-dealer transactions (collectively, the “



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.

Business Profile

Independent Bank Group, Inc. is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area. The Company offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers, including investment advisory and other related services. The Company offers a range of commercial and retail lending products to businesses, professionals and individuals. Deposits are the Company’s principal source of funds for use in lending and other general banking purposes.

SEC Form 13D.

Analysts await Independent Bank Group, Inc. (NASDAQ:IBTX) to report earnings on April, 23. They expect $1.09 earnings per share, up 29.76 % or $0.25 from last year’s $0.84 per share. IBTX’s profit will be $30.90M for 17.06 P/E if the $1.09 EPS becomes a reality. After $0.90 actual earnings per share reported by Independent Bank Group, Inc. for the previous quarter, Wall Street now forecasts 21.11 % EPS growth.

The stock increased 1.78% or $1.3 during the last trading session, reaching $74.4. About 206,635 shares traded or 74.69% up from the average. Independent Bank Group, Inc. (NASDAQ:IBTX) has risen 64.06% since March 12, 2017 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 $2.11 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 25.05 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), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Independent Bank Group Inc has $84.0 highest and $35 lowest target. $71.11’s average target is -4.42% below currents $74.4 stock price. Independent Bank Group Inc had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, August 28 by Keefe Bruyette & Woods. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The stock has “Hold” rating by Evercore on Friday, September 11. The firm has “Hold” rating by SunTrust given on Monday, January 8. As per Monday, June 26, the company rating was maintained by Stephens. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Hold” rating by SunTrust on Wednesday, January 31. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given on Wednesday, November 29 by Raymond James. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Overweight” rating by Piper Jaffray on Monday, April 25. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. The stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Piper Jaffray on Tuesday, July 25.

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