Wednesday, March 07, 2018 10:15 PM ET
Insider Selling at Independent Bank Group (IBTX) Continues with Significant Sale
There was a notable sale of shares of Independent Bank Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Douglas A Cifu, Director — sold 29,458 shares in the company having a market value of approximately $2,187,538. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 30 company shares and the disposition of 40,542 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 69,970 shares and have averaged 23,343 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Independent Bank Group is above its 190-company peer group average. The Corporate Banks peer group saw 300 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Independent Bank Group insiders is lower than its peers. Within the peer group there were 215,561 shares purchased and 8,373,237 shares sold with company insiders disposing of 27,192 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
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