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

May 17, 2018 - By Tina Gentry

Big Money Sentiment increased to 1.78 in Q4 2017. 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 took holdings and 41 increased holdings. Investors holded 11.24 million in 2017Q3 but now own 14.00 million shares or 24.61% more. Comerica Bancorp stated it has 0% in Independent Bank Group, Inc. (NASDAQ:IBTX). Cortina Asset Mngmt Ltd Limited Liability Company reported 0.38% stake. Principal Group Inc Inc holds 0% or 11,924 shs. Wells Fargo And Com Mn holds 0% in Independent Bank Group, Inc. (NASDAQ:IBTX) or 39,676 shs. 34,056 were reported by First Tru Advsr L P. Fifth Third Comml Bank owns 0% invested in Independent Bank Group, Inc. (NASDAQ:IBTX) for 59 shs. Voya Inv Lc, Georgia-based fund reported 328,521 shs. Barclays Plc holds 3,996 shs or 0% of its capital. Metropolitan Life Company invested in 5,732 shs. California Public Employees Retirement Sys holds 0% or 3,789 shs in its capital. Manufacturers Life Insurance The holds 0% of its capital in Independent Bank Group, Inc. (NASDAQ:IBTX) for 13,841 shs. Illinois-based Nuveen Asset Llc has invested 0.01% in Independent Bank Group, Inc. (NASDAQ:IBTX). Hightower Advsrs Ltd Liability Co holds 12,887 shs. Geode Management Ltd has 173,683 shs. Parallax Volatility Advisers L P accumulated 0% or 2,730 shs.

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

In Independent Bk Group Inc (NASDAQ:IBTX) was increased the stake held by Mendon Capital Advisors Corp. The increase is 255.34% according to 2018Q1 SEC filling. 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 valued $38.04 million, up from 151,426 last quarter. Mendon Capital Advisors Corp cut its stake in Seacoast Bkg Corp Fla (NASDAQ:SBCF) and reduced Pacific Premier Bancorp (NASDAQ:PPBI) position by 336,700 shares for a total of 300,000 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

In total 6 analysts cover Independent Bank Group (NASDAQ:IBTX). “Buy” rating has 5, “Sell” are 0, while 1 are “Hold”. 83% are bullish. 13 are the (NASDAQ:IBTX)’s analyst reports since November 28, 2017 according to StockzIntelligence Inc. On Tuesday, January 30 the firm has “Buy” rating by Stephens given. The company rating was maintained by Sandler O’Neill on Tuesday, January 30. On Wednesday, April 25 the rating was maintained by Stephens with “Buy”. On Tuesday, November 28 the firm has “Hold” rating given by SunTrust. On Tuesday, January 30 the stock has “Buy” rating by Keefe Bruyette & Woods. On Thursday, March 15 the rating was maintained by Stephens with “Buy”. On Thursday, December 21 Keefe Bruyette & Woods maintained Independent Bank Group, Inc. (NASDAQ:IBTX) rating. Keefe Bruyette & Woods has “Buy” rating and $84.0 target. On Monday, January 8 the company was maintained by SunTrust. On Monday, February 26 the firm has “Buy” rating by Keefe Bruyette & Woods given. On Wednesday, January 31 the company was maintained by SunTrust.

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.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

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