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Michael B. Hobbs net worth and biography

Michael Hobbs Biography and Net Worth

COO of Independent Bank Group

Michael B. Hobbs is President and Chief Operating Officer of the Company. Mr. Hobbs previously served as Independent Bank Group’s Executive Vice President and Chief Banking Officer. Mr. Hobbs has over 25 years of experience in the banking and investment banking sectors, which began with Bank of America – Dallas in the early 1990’s. Mr. Hobbs previously served as President and Director of Guaranty Bank & Trust, which the Company acquired in 2019. He has been very active in the communities in which he has lived, and he has previously served on the boards of the Colorado Bankers Association, Downtown Denver Partnership and the Colorado I Have a Dream Foundation. Mr. Hobbs holds a Bachelor’s degree in Marketing (1984) and Masters of Business Administration degree in Finance (1992) from Texas Christian University, where he recently served on the Chancellor’s Advisory Council.

What is Michael B. Hobbs' net worth?: The estimated net worth of Michael B. Hobbs is at least $1.58 million as of May 8th, 2023. Mr. Hobbs owns 38,092 shares of Independent Bank Group stock worth more than $1,584,627 as of April 20th. This net worth evaluation does not reflect any other assets that Mr. Hobbs may own. Additionally, Mr. Hobbs receives an annual salary of $1,160,000.00 as COO at Independent Bank Group. Learn More about Michael B. Hobbs' net worth.
How old is Michael B. Hobbs?: Mr. Hobbs is currently 61 years old. There are 4 older executives and no younger executives at Independent Bank Group. The oldest executive at Independent Bank Group is Mr. David R. Brooks, Chairman of the Board & CEO, who is 65 years old. Learn More on Michael B. Hobbs' age.
What is Michael B. Hobbs' salary?: As the COO of Independent Bank Group, Inc., Mr. Hobbs earns $1,160,000.00 per year. The highest earning executive at Independent Bank Group is Mr. David R. Brooks, Chairman of the Board & CEO, who commands a salary of $2,300,000.00 per year. Learn More on Michael B. Hobbs' salary.
How do I contact Michael B. Hobbs?: The corporate mailing address for Mr. Hobbs and other Independent Bank Group executives is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. Independent Bank Group can also be reached via phone at (972) 562-9004 and via email at [email protected]. Learn More on Michael B. Hobbs' contact information.
Has Michael B. Hobbs been buying or selling shares of Independent Bank Group?: Michael B. Hobbs has not been actively trading shares of Independent Bank Group during the past quarter. Most recently, on Monday, May 8th, Michael B. Hobbs bought 2,400 shares of Independent Bank Group stock. The stock was acquired at an average cost of $31.33 per share, with a total value of $75,192.00. Following the completion of the transaction, the chief operating officer now directly owns 38,092 shares of the company's stock, valued at $1,193,422.36. Learn More on Michael B. Hobbs' trading history.
Who are Independent Bank Group's active insiders?: Independent Bank Group's insider roster includes David Brooks (CEO), David Brooks (CEO), Mark Haynie (EVP), Michelle Hickox (CFO), Michael Hobbs (COO), John Jennings, III (Director), G. Smith (Director), James Tippit (EVP), and James White (EVP). Learn More on Independent Bank Group's active insiders.
Are insiders buying or selling shares of Independent Bank Group?: During the last twelve months, Independent Bank Group insiders bought shares 8 times. They purchased a total of 14,548 shares worth more than $449,798.00. The most recent insider tranaction occured on May, 11th when CFO Paul B Langdale bought 500 shares worth more than $14,920.00. Insiders at Independent Bank Group own 3.4% of the company. Learn More about insider trades at Independent Bank Group.
Information on this page was last updated on 5/11/2023.

Michael B. Hobbs Insider Trading History at Independent Bank Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/8/2023	Buy	2,400	$31.33	$75,192.00	38,092
8/17/2022	Sell	1,350	$74.76	$100,926.00	31,308
5/4/2022	Sell	2,611	$71.76	$187,365.36	33,328
11/22/2021	Sell	2,080	$73.85	$153,608.00
2/8/2021	Sell	5,000	$69.00	$345,000.00	35,978

Michael B. Hobbs Buying and Selling Activity at Independent Bank Group

Independent Bank Group Company Overview

Independent Bank Group, Inc., through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans, such as SBA guaranteed loans, business term loans, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit and credit cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; wealth management services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. The company was incorporated in 2002 and is headquartered in McKinney, Texas.

Today's Range

Now: $41.60

$39.91

$41.71

50 Day Range

MA: $43.58

$39.18

$47.16

2 Week Range

Now: $41.60

$28.81

$53.25

Volume

219,598 shs

Average Volume

160,216 shs

Market Capitalization

$1.72 billion

P/E Ratio

40.00

Dividend Yield

3.79%

Beta

1.33

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Michael Hobbs Biography and Net Worth

What is Michael B. Hobbs' net worth?

How old is Michael B. Hobbs?

What is Michael B. Hobbs' salary?

How do I contact Michael B. Hobbs?

Has Michael B. Hobbs been buying or selling shares of Independent Bank Group?

Who are Independent Bank Group's active insiders?

Are insiders buying or selling shares of Independent Bank Group?