Monday, March 05, 2018 10:15 PM ET
Insiders at Independent Bank Group (IBTX) Make Significant Stock Sales
There was a notable level of share sales at Independent Bank Group by insiders today, as reported in form 4 documents filed with the SEC. Two insiders — Douglas A Cifu, Director, and Michelle S Hickox, Officer — disposed of 40,512 shares in the company having a market value of approximately $2,922,680. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 20,286 shares per transaction.
The level of buy-sell trades at Independent Bank Group is close to that of the 190 member peer company average. The Corporate Banks peer group saw 287 buy/sell trades during this period for an average of 1.5 transactions per company. However, trading at Independent Bank Group represents a lower number of shares per transaction. Within the peer group there were 222,694 shares purchased and 8,150,207 shares sold with company insiders disposing of 27,622 shares on average over this time period.
The data sourced in evaluating 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
* Douglas A Cifu, Director, sold 40,542 shares
* Michelle S Hickox, Officer, bought 30 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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