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

May 17, 2018 - By Matthew Medley

Big Money Sentiment increased to 1.78 in Q4 2017. It has change of 0.38, from 2017Q3’s 1.4. The ratio improved due to IBTX positioning: 12 sold and 28 reduced. 30 funds acquired positions and 41 increased positions. Investors holded 11.24 million in 2017Q3 but now own 14.00 million shares or 24.61% more. Gsa Cap Limited Liability Partnership invested in 0.04% or 10,333 shs. Victory Mngmt stated it has 0% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX). Credit Suisse Ag holds 10,336 shs. Voya Investment Mngmt Limited Liability Corp accumulated 328,521 shs. Jacobs Levy Equity Incorporated has 10,750 shs. 7,439 were reported by Clarivest Asset Mgmt Ltd Liability Co. Bluecrest Mgmt Ltd reported 0.05% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX). California Pub Employees Retirement Systems invested in 0% or 3,789 shs. Deutsche Retail Bank Ag stated it has 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). 66,541 were accumulated by Forest Hill Capital Limited Liability Co. Moreover, Mendon Cap Advsr Corp has 0.98% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 151,426 shs. Adell Harriman And Carpenter owns 11,472 shs. Alyeska Investment Gp Lp owns 114,000 shs or 0.07% of their US capital. Moreover, Monarch Asset Mgmt Limited Liability has 0.7% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 110,035 shs. Cortina Asset Limited Liability, a Wisconsin-based fund reported 126,902 shs.

IBTX had 5 insider sales and 1 insider buy since March 1, 2018. This’s net activity of $5.45 million. Hickox Michelle S had bought 30 shs worth $2,100 on Friday, March 2. Cifu Douglas A sold $2.19M worth of stock or 29,458 shs. Shares for $201,170 were sold by Jennings John Webb III.

In Independent Bk Group Inc (NASDAQ:IBTX) was increased the holdings held by Mendon Capital Advisors Corp. The increase is 255.34% according to 2018Q1 SEC regulatory form. Independent Bk Group Inc (NASDAQ:IBTX) rose 1.01% while stock markets declined as Mendon Capital Advisors Corp bought 386,657 shares. Mendon Capital Advisors Corp is holding 538,083 shares, compared to 151,426 last quarter. The announced value is $38.04 million. Mendon Capital Advisors Corp cut its stake in Pacific Premier Bancorp (NASDAQ:PPBI) 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

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 rating was maintained by SunTrust with “Hold”. In Wednesday, January 31 report SunTrust maintained it with “Hold” rating and $76.0 target. On Thursday, February 1 Hovde Group maintained the shares of IBTX in report with “Buy” rating. On Tuesday, January 30 the firm has “Buy” rating given by Stephens. On Wednesday, April 25 the stock has “Buy” rating by Stephens. On Wednesday, November 29 the company was maintained by Keefe Bruyette & Woods. On Tuesday, January 30 the firm earned “Buy” rating by Keefe Bruyette & Woods. In Wednesday, November 29 report Raymond James maintained it with “Buy” rating and $75.0 target. On Thursday, December 21 the firm has “Buy” rating given by Keefe Bruyette & Woods. The stock rating was maintained by SunTrust with “Hold” on Monday, January 8.

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 $2.19 billion market cap. 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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