Guess who picked Independent Bank Group Inc. (NASDAQ:IBTX) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Independent Bank Group Inc. (NASDAQ:IBTX) reported that Lee Thomas H has picked up 1,933,495 of common stock as of 2017-04-11.

The acquisition brings the aggregate amount owned by Lee Thomas H to a total of 1,933,495 representing a 7.0% stake in the company.

For those not familiar with the company, Independent Bank Group, Inc. is a bank holding company. Through the Company’s subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area. The Company offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers, including investment advisory and other related services. The Company offers a range of commercial and retail lending products to businesses, professionals and individuals. Deposits are the Company’s principal source of funds for use in lending and other general banking purposes.

A glance at Independent Bank Group Inc. (NASDAQ:IBTX)’s key stats reveals a current market capitalization of 1.68 Billion based on 27.73 Million shares outstanding and a price at last close of $61.15 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-13, Radke picked up 4,000 at a purchase price of $33.86. This brings their total holding to 14,000 as of the date of the filing.

On the sell side, the most recent transaction saw Smith unload 10,000 shares at a sale price of $66.30. This brings their total holding to 90,151.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Independent Bank Group Inc. (NASDAQ:IBTX) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.