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Insider Trends: 90-Day Insider Selling Trend Prolonged at Independent Bank Group

· 02/05/2021 12:38

05:26 PM EST, 02/05/2021 (MT Newswires) -- On Feb 04, 2021, G Stacy Smith, Director, reported a sale of 13,000 shares in Independent Bank Group (IBTX) for $876,460. Smith, after the transactions described in the SEC Form 4 filing, has 70,217 shares of the company, with a market value, based on the prior-day closing price, of $4.76 million.

In the 90 days prior to the date of this filing, there have been 13 insider transactions reported to the SEC for Independent Bank Group. These transactions came from the activities of 9 individual insiders that resulted in a net disposition of 152,727 company shares. In the preceding 90-day window of time, there were 8 transactions from 8 insiders and resulted in the net acquisition of 6,057 shares.

This is a lower level of transactions than the peer group average in the 212-company Corporate Banks peer group over the last 90-day period. Within the peer group activity averaged 104.0 transactions per company, and disposition of 1,169 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1564618/000156461821000018/xslF345X03/wf-form4_161256379657740.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.