Independent Bk Group Inc (NASDAQ:IBTX) Shareholder Mendon Capital Advisors Corp Upped Its Position as Price Rose by $27.07 Million

May 17, 2018 - By Sharla Beadle

Big Money Sentiment increased to 1.78 in Q4 2017. It has change of 0.38, from 2017Q3’s 1.4. The ratio increased due to IBTX positioning: 12 sold and 28 reduced. 30 funds amassed stakes and 41 increased stakes. Investors holded 11.24 million in 2017Q3 but now own 14.00 million shares or 24.61% more. Mendon Cap Advsr has invested 0.98% in Independent Bank Group, Inc. (NASDAQ:IBTX). Ellington Mgmt Gp Ltd Liability Co invested in 0.03% or 3,000 shs. 15,603 are owned by Susquehanna Group Llp. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Northern Trust owns 215,688 shs for 0% of their capital. Fred Alger Management reported 527,898 shs. Envestnet Asset Incorporated reported 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Forest Hill Capital Ltd Liability has 1.27% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 66,541 shs. Blackrock Inc accumulated 1.16 million shs. Westwood Group invested in 23,542 shs. Citadel Advsr Ltd Limited Liability Company reported 55,002 shs. Metropolitan Life Insur New York has 5,732 shs for 0.01% of their capital. Ohio-based Fifth Third Financial Bank has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Bnp Paribas Arbitrage Sa reported 10,774 shs. Stephens Ar holds 0.08% or 33,000 shs in its capital.

IBTX had 5 selling transactions and 1 buying transaction since March 1, 2018. This’s net activity of $5.45 million. On Thursday, March 1 the insider Cifu Douglas A sold $2.92M. $201,170 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) shs were sold by Jennings John Webb III. Hickox Michelle S had bought 30 shs worth $2,100.

Mendon Capital Advisors Corp increased its stake by 255.34% in Independent Bk Group Inc (NASDAQ:IBTX), according to 2018Q1 SEC form. 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 reported $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 Ishares Tr (Put) (IWM) and reduced Pacific Premier Bancorp (NASDAQ:PPBI) position by 336,700 shares for a total of 300,000 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

Total analysts of 6 have positions in Independent Bank Group (NASDAQ:IBTX) as follows: 5 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 83%. Since November 28, 2017 according to StockzIntelligence Inc Independent Bank Group has 13 analyst reports. On Tuesday, November 28 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Hold” rating given by SunTrust. On Monday, February 26 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given by Keefe Bruyette & Woods. On Wednesday, April 25 Stephens maintained the shares of IBTX in report with “Buy” rating. In Tuesday, January 30 report Stephens maintained it with “Buy” rating and $83.0 target. On Thursday, March 15 the stock has “Buy” rating by Stephens. On Thursday, February 1 Hovde Group maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating. Hovde Group has “Buy” rating and $81.0 target. On Thursday, December 21 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Wednesday, November 29 the company was maintained by Keefe Bruyette & Woods. The stock rating was maintained by SunTrust with “Hold” on Wednesday, January 31. On Tuesday, January 30 the company was maintained by Keefe Bruyette & Woods.

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.25.99 is the 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) Institutional Investors Chart

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