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

May 17, 2018 - By Kevin Carney

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 positions and 41 increased positions. Investors holded 11.24 million in 2017Q3 but now own 14.00 million shares or 24.61% more. Quantbot Lp has 1,558 shs. Legal & General Gp Public Limited Liability holds 0% or 8,762 shs. Lockheed Martin Invest Mgmt Company stated it has 5,000 shs. Stieven Ltd Partnership holds 1.9% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX) for 160,000 shs. Ontario – Canada-based Manufacturers Life Ins The has invested 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Utd Advisers Ltd Llc holds 8,009 shs or 0% of its capital. Clarivest Asset Mgmt Limited Co stated it has 7,439 shs. Alliancebernstein Limited Partnership reported 710,307 shs. Teachers And Annuity Association Of America accumulated 13,764 shs. Wells Fargo And Mn holds 0% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX) for 39,676 shs. Texas-based Westwood Hldg Grp Inc has invested 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). Citigroup reported 0% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX). Mendon Cap Corp holds 0.98% or 151,426 shs in its capital. Northwestern Mutual Wealth Mngmt owns 7,944 shs for 0% of their capital. Monarch Prtn Asset Mgmt Ltd Com has 0.7% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 110,035 shs.

IBTX had 5 insider sales and 1 insider buy since March 1, 2018. This’s net activity of $5.45 million. 2,750 shs were sold by Jennings John Webb III, worth $201,170 on Friday, March 16. On Friday, March 2 Hickox Michelle S also bought $2,100 worth of Independent Bank Group, Inc. (NASDAQ:IBTX). White James C sold $52,850 worth of Independent Bank Group, Inc. (NASDAQ:IBTX) on Tuesday, May 8.

The holdings In Independent Bk Group Inc (NASDAQ:IBTX) owned by Mendon Capital Advisors Corp was increased. According to 2018Q1 SEC report the rise is 255.34%. 386,657 shares were bought by Mendon Capital Advisors Corp as Independent Bk Group Inc (NASDAQ:IBTX) stock rose 1.01% while stock markets declined. Mendon Capital Advisors Corp’s position was priced at $38.04 million for 538,083 shares. It’s up from 151,426 last quarter. It decreased Pacific Premier Bancorp (NASDAQ:PPBI) position by 336,700 shares to 300,000 shares, and cut its Seacoast Bkg Corp Fla (NASDAQ:SBCF) stake.

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. In Wednesday, April 25 report Stephens maintained it with “Buy” rating and $8200 target. On Tuesday, January 30 the stock of Independent Bank Group, Inc. (NASDAQ:IBTX) earned “Buy” rating by Stephens. On Wednesday, January 31 the firm has “Hold” rating by SunTrust given. The company rating was maintained by Keefe Bruyette & Woods on Tuesday, January 30. The company rating was maintained by SunTrust on Monday, January 8. On Thursday, February 1 the stock has “Buy” rating by Hovde Group. On Wednesday, November 29 the rating was maintained by Raymond James with “Buy”. The company rating was maintained by SunTrust on Tuesday, November 28. On Tuesday, January 30 the firm has “Buy” rating by Sandler O’Neill given. On Thursday, March 15 Stephens maintained Independent Bank Group, Inc. (NASDAQ:IBTX) with “Buy” rating.

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 company has $2.19 billion market cap. 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.The P/E ratio is 25.99. 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

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