Insiders at Independent Bank Group (IBTX) Make Significant Stock Sales Extends the Trend of Last Quarter

Tuesday, October 17, 2017 10:15 PM ET

Insiders at Independent Bank Group (IBTX) Make Significant Stock Sales Extends the Trend of Last Quarter

There was significant selling of Independent Bank Group shares by insiders today, as reported in form 4 documents filed with the SEC. Two insiders — Brian E Hobart, Officer, and Daniel W Brooks, Director and Officer — sold 30,003 shares in the company having a market value of approximately $1,821,128. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 200 company shares and the sale of 3,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 32,803 shares and have averaged 8,301 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Independent Bank Group is above the 182-company peer group average. Commercial Banks peer group saw 307 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Independent Bank Group insiders was also higher. Within the peer group there were 427,134 shares purchased and 1,424,958 shares sold with company insiders disposing of 3,250 shares on average.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Brian E Hobart, Officer, sold 22,500 shares
* Daniel W Brooks, Director and Officer, sold 7,503 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.