The Hedge Fund Mendon Capital Advisors Corp Upped its Position in Independent Bk Group Inc (NASDAQ:IBTX) by $27.07 Million

May 17, 2018 - By Billy Entrekin

Big Money Sentiment increased to 1.78 in 2017 Q4. 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 bought stakes and 41 increased stakes. Investors holded 11.24 million in 2017Q3 but now own 14.00 million shares or 24.61% more. Ameritas Inv Prns Incorporated accumulated 1,550 shs. Moreover, Gsa Partners Llp has 0.04% invested in Independent Bank Group, Inc. (NASDAQ:IBTX). Dimensional Fund Advsrs L P invested 0.02% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX). Navellier Incorporated holds 3,133 shs or 0.04% of its capital. The Maryland-based Lockheed Martin Mngmt Commerce has invested 0.02% in Independent Bank Group, Inc. (NASDAQ:IBTX). Macquarie Gru Ltd accumulated 380,478 shs. Great West Life Assurance Can accumulated 1,232 shs or 0% of the stock. Georgia-based Invesco Ltd has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). 16,900 are held by Bridgeway Cap Mgmt. Bnp Paribas Arbitrage Sa holds 10,774 shs. Susquehanna International Group Llp owns 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 15,603 shs. Us National Bank De accumulated 10,341 shs. Dupont Cap Mngmt reported 7,965 shs stake. Massachusetts-based State Street has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Teachers Ins And Annuity Association Of America has invested 0.05% in Independent Bank Group, Inc. (NASDAQ:IBTX).

IBTX had 5 selling transactions and 1 insider purchase since March 1, 2018. This’s net activity of $5.45 million. 700 shs were sold by White James C, worth $52,850 on Tuesday, May 8. Another trade for 2,750 shs valued at $201,170 was sold by Jennings John Webb III. On Tuesday, March 6 Cifu Douglas A had sold 29,458 shs worth $2.19 million.

In Independent Bk Group Inc (NASDAQ:IBTX) was increased the holdings owned by Mendon Capital Advisors Corp. The rise is 255.34% according to 2018Q1 Securities and Exchange regulatory form. Independent Bk Group Inc (NASDAQ:IBTX) rose 1.01% while stock markets declined as Mendon Capital Advisors Corp bought 386,657 shares. In 2018Q1, the 538,083 shares in Independent Bk Group Inc (NASDAQ:IBTX) held by Mendon Capital Advisors Corp were priced $38.04 million, up from 151,426 last quarter. 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

A total of 6 analysts rate Independent Bank Group (NASDAQ:IBTX) as follows: 5 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NASDAQ:IBTX) has 13 ratings reports on 17 May 2018 according to StockzIntelligence. On Monday, January 8 the firm has “Hold” rating by SunTrust given. On Tuesday, January 30 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Stephens. The company rating was maintained by Hovde Group on Thursday, February 1. On Thursday, December 21 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Keefe Bruyette & Woods. On Monday, February 26 Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) with “Buy” rating. The company rating was maintained by Stephens on Thursday, March 15. On Tuesday, January 30 the firm has “Buy” rating given by Sandler O’Neill. On Wednesday, April 25 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Stephens. On Wednesday, November 29 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) has “Buy” rating given by Raymond James. On Tuesday, January 30 the firm earned “Buy” rating by Keefe Bruyette & Woods.

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 firm is valued at $2.19 billion. 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: