Tuesday, October 24, 2017 10:15 PM ET
Significant Insider Sales in Shares of Independent Bank Group (IBTX) Extends the Selling Trend of Last Quarter
SEC filings today disclosed notable insider sales of Independent Bank Group shares as two insiders — Brian E Hobart, Director and Officer, and Daniel W Brooks, Director and Officer — sold 32,397 shares in the company having a market value of approximately $2,035,866. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 200 company shares and the sale of 33,003 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 65,200 shares and have averaged 10,933 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Independent Bank Group is above the 183-company peer group average. Commercial Banks peer group saw 310 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 443,974 shares purchased and 1,487,638 shares sold with company insiders selling 3,367 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data obtained in composing and writing this story.
Today’s Insider Activity
* Brian E Hobart, Director and Officer, sold 15,000 shares
* Daniel W Brooks, Director and Officer, sold 17,397 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.
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