Independent Bank Group, Inc. (IBTX)
NASDAQ: IBTX · Real-Time Price · USD
64.59
+1.53 (2.43%)
Nov 21, 2024, 11:22 AM EST - Market open
Independent Bank Group Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for IBTX stock have an average target of 59.71, with a low estimate of 55 and a high estimate of 72. The average target predicts a decrease of -7.56% from the current stock price of 64.59.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for IBTX stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $69 → $72 | Buy | Maintains | $69 → $72 | +11.47% | Nov 7, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $66 → $63 | Hold | Maintains | $66 → $63 | -2.46% | Oct 23, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $65 → $66 | Hold | Maintains | $65 → $66 | +2.18% | Sep 20, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $48 → $65 | Hold | Maintains | $48 → $65 | +0.63% | Jul 29, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $57 → $66 | Buy | Maintains | $57 → $66 | +2.18% | Jul 29, 2024 |
Financial Forecast
Revenue This Year
493.45M
Revenue Next Year
589.82M
from 493.45M
Increased by 19.53%
EPS This Year
2.37
from 1.04
Increased by 127.44%
EPS Next Year
3.61
from 2.37
Increased by 52.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 510.8M | 634.1M | 705.6M |
| Avg | 493.5M | 589.8M | 685.4M |
| Low | 471.4M | 541.6M | 658.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 28.5% | 19.6% |
| Avg | - | 19.5% | 16.2% |
| Low | - | 9.7% | 11.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.43 | 4.20 | 5.15 |
| Avg | 2.37 | 3.61 | 5.00 |
| Low | 2.27 | 3.23 | 4.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 134.1% | 77.6% | 42.4% |
| Avg | 127.4% | 52.8% | 38.3% |
| Low | 118.5% | 36.7% | 32.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.