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

May 17, 2018 - By Michael Garrison

During 2017 Q4 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 increased. 41 increased stakes while 30 funds bought stakes. Funds hold 14.00 million shares thus 24.61% more from 2017Q3’s 11.24 million shares. Penn Davis Mcfarland invested in 7,014 shs. Prudential Financial Inc has 13,860 shs for 0% of their capital. Atlantic Tru Group Inc Ltd Liability Corporation holds 0.1% or 340,627 shs in its capital. Fred Alger Mgmt holds 0.16% or 527,898 shs. State Street owns 525,215 shs. Hightower Advsrs Ltd Company invested 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). Dupont Cap Management accumulated 7,965 shs or 0.01% of the stock. Adell Harriman And Carpenter reported 11,472 shs. Gsa Cap Prtn Llp invested 0.04% in Independent Bank Group, Inc. (NASDAQ:IBTX). Wells Fargo & Mn reported 39,676 shs. Deutsche Bancorp Ag holds 42,047 shs or 0% of its capital. Quantbot Technologies L P holds 1,558 shs or 0.01% of its capital. Northwestern Mutual Wealth Mgmt Company accumulated 0% or 7,944 shs. Alyeska Invest Grp Incorporated Lp stated it has 114,000 shs. Alliancebernstein Ltd Partnership stated it has 710,307 shs or 0.03% of all its holdings.

IBTX registered $5.45 million net activity with 1 buy and 5 sales since March 1, 2018. $201,170 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) was sold by Jennings John Webb III. 30 Independent Bank Group, Inc. (NASDAQ:IBTX) shs with value of $2,100 were bought by Hickox Michelle S. Shares for $2.92M were sold by Cifu Douglas A on Thursday, March 1.

According to 2018Q1 SEC regulatory filling Mendon Capital Advisors Corp increased its stake in Independent Bk Group Inc (NASDAQ:IBTX) by 255.34%. 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’s position was priced at $38.04 million for 538,083 shares. It’s up from 151,426 last quarter. It decreased Pacific Premier Bancorp (NASDAQ:PPBI) position by 336,700 shares to 300,000 shares, and cut its Seacoast Bkg Corp Fla (NASDAQ:SBCF) stake.

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

A total of 6 analysts rate Independent Bank Group (NASDAQ:IBTX) as follows: 5 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NASDAQ:IBTX) has 13 ratings reports on 17 May 2018 according to StockzIntelligence. 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 Monday, February 26 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Thursday, March 15 the rating was maintained by Stephens with “Buy”. On Thursday, December 21 the company was maintained by Keefe Bruyette & Woods. On Tuesday, January 30 Sandler O’Neill maintained the shares of IBTX in report with “Buy” rating. In Monday, January 8 report SunTrust maintained it with “Hold” rating and $75.0 target. On Thursday, February 1 the stock has “Buy” rating by Hovde Group. In Wednesday, April 25 report Stephens maintained it with “Buy” rating and $8200 target. On Tuesday, January 30 the rating was maintained by Keefe Bruyette & Woods with “Buy”. 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.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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