By $27.07 Million Mendon Capital Advisors Corp Upped its Position in Independent Bk Group Inc (NASDAQ:IBTX)

May 17, 2018 - By Jenna Rose

During Q4 2017 the big money sentiment increased to 1.78. That’s change of 0.38, from 2017Q3’s 1.4. 12 investors sold all, 28 reduced holdings as IBTX ratio improved. 41 increased positions while 30 funds took positions. Funds hold 14.00 million shares thus 24.61% more from 2017Q3’s 11.24 million shares. Great West Life Assurance Can stated it has 1,232 shs. Brinker holds 0.01% or 4,039 shs in its capital. Td Asset invested in 0% or 5,386 shs. Tower Research Capital Ltd Company (Trc) stated it has 789 shs. 157,921 were reported by Summit Creek Advisors. Royal Natl Bank Of Canada has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). United Kingdom-based Gsa Capital Ptnrs Llp has invested 0.04% in Independent Bank Group, Inc. (NASDAQ:IBTX). Invesco Limited reported 7,835 shs. Us Comml Bank De holds 0% or 10,341 shs. Price T Rowe Assocs Md stated it has 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). California Public Employees Retirement accumulated 0% or 3,789 shs. Ellington Mgmt Gru Limited Co holds 0.03% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX) for 3,000 shs. Aqr Cap Limited Liability Company reported 9,529 shs stake. Comerica Bancorporation holds 2,896 shs or 0% of its capital. Geode Mngmt Ltd invested in 0% or 173,683 shs.

IBTX had 5 selling transactions and 1 insider buy since March 1, 2018. This’s net activity of $5.45 million. Another trade for 30 shs valued at $2,100 was made by Hickox Michelle S on Friday, March 2. 700 shs were sold by White James C, worth $52,850 on Tuesday, May 8. Jennings John Webb III sold $201,170 worth of stock.

In Independent Bk Group Inc (NASDAQ:IBTX) was increased the holdings owned by Mendon Capital Advisors Corp. The rise is 255.34% according to 2018Q1 Securities and Exchange report. 386,657 shares were bought by Mendon Capital Advisors Corp as Independent Bk Group Inc (NASDAQ:IBTX) stock rose 1.01% while stock markets declined. Mendon Capital Advisors Corp announced $38.04M position in Mendon Capital Advisors Corp for 2018Q1. Now it holds 538,083 shares, compared to 151,426 last quarter. Mendon Capital Advisors Corp cut its stake in Seacoast Bkg Corp Fla (NASDAQ:SBCF) and reduced Ishares Tr (Put) (IWM) position by 102,000 shares for a total of 203,000 shares.

Mendon Capital Advisors Corp is a New York-based hedge fund that was founded by Anton Schutz. It had more than $171.54 million assets under management in March, 2014. Taken from Mendon Capital Advisors latest Adv, the fund reported to have 2 full and part-time employees. Among which 2 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

In total 6 analysts cover Independent Bank Group (NASDAQ:IBTX). “Buy” rating has 5, “Sell” are 0, while 1 are “Hold”. 83% are bullish. 13 are the (NASDAQ:IBTX)’s analyst reports since November 28, 2017 according to StockzIntelligence Inc. On Wednesday, November 29 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given by Raymond James. In Monday, January 8 report SunTrust maintained it with “Hold” rating and $75.0 target. On Tuesday, January 30 Sandler O’Neill maintained the shares of IBTX in report with “Buy” rating. On Wednesday, November 29 Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating. Keefe Bruyette & Woods has “Buy” rating and $74.0 target. On Tuesday, November 28 the firm earned “Hold” rating by SunTrust. On Wednesday, January 31 the rating was maintained by SunTrust with “Hold”. On Monday, February 26 Keefe Bruyette & Woods maintained the shares of IBTX in report with “Buy” rating. On Wednesday, April 25 the company was maintained by Stephens. On Thursday, March 15 the company was maintained by Stephens. On Tuesday, January 30 the company was maintained by Stephens.

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 firm is worth $2.19 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.The P/E ratio is 25.99. 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) Institutional Investors Chart

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