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Independent Bank Group, Inc. Buyback

OLI recorded this information on 2/1/2016

Company: Independent Bank Group, Inc.
Buyback: IBTX buyback
$Amount Authorized: $30,000,000
Buyback Details: Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced that the Board of Directors has renewed the Company's stock repurchase program. The program authorizes the repurchase by the Company of up to $30 million of its common stock in open market transactions from time to time or through privately negotiated transactions, at the Company's discretion.

Independent Bank Group is a bank holding company. Through its subsidiary, Independent Bank, Co. provides a range of banking services to individual and corporate customers in the North, Central and Southeast, Texas areas and along the Colorado Front Range, through its various branch locations in those areas. Co. is engaged in community banking activities, which include commercial and retail lending, deposit gathering, investment and liquidity management activities. Co.'s primary deposit products are demand deposits, money market accounts and certificates of deposit, and its primary lending products are commercial business and real estate, real estate mortgage and consumer loans.

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Company Name: 
Independent Bank Group Inc.
Stock buyback: 
IBTX buyback
Website: 
www.ibtx.com
Sector: 
Banking & Savings
Number of ETFs Holding IBTX: 
57
Total Market Value Held by ETFs: 
$664.03M
Total Market Capitalization: 
$3.00B
% of Market Cap. Held by ETFs: 
22.10%
 

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Buy (3.20 out of 4)
28th percentile
(ranked lower than approx. 72% of all stocks covered)

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