TThe directors of a company tend to have a single vision of the company. Therefore, when directors make large purchases, investors are advised to take them into account. Presumably the only reason a manager of a company would choose to take their hard-earned money and use it to buy stocks in the open market is because they expect to make money – maybe he finds the action very undervalued, or maybe he sees progress within the company, or maybe both. So, in this series, we take a look at the biggest insider buys by corporate directors over the past six months, including a total of $ 240,000 by Alicia Kuhn Harrison, director of Independent Bank Group Inc. (Symbol : IBTX).
|Purchased||Initiated||Title||Actions||Price / share||Value|
|12/02/2020||Alicia Kuhn Harrison||Director||4,075||$ 58.88||$ 239,952.50|
Harrison’s average cost is $ 58.88 / share. Shares of Independent Bank Group Inc. were changing hands at $ 62.11 in the last check, trading up about 0.3% on Monday. The chart below shows the one-year performance of IBTX shares, compared to its 200-day moving average:
Looking at the chart above, IBTX’s low point in its 52-week range is $ 20.35 per share, with $ 64.54 as a 52-week high, compared with a last trade of 62, $ 11.
The current annualized dividend paid by Independent Bank Group Inc. is $ 1.2 / share, currently paid in quarterly installments, and its most recent ex-dividend date was 05/11/2020. Below is a long term dividend history chart for IBTX, which can be of great help in judging if the most recent dividend with approx. The annualized return of 1.9% should hold up.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.