Independent Bank Group, Inc. (IBTX)
NASDAQ: IBTX · IEX Real-Time Price · USD
54.09
+0.36 (0.67%)
At close: Jul 19, 2024, 4:30 PM
53.96
-0.13 (-0.24%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Independent Bank Group Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for IBTX stock have an average target of 54, with a low estimate of 44 and a high estimate of 59. The average target predicts a decrease of -0.17% from the current stock price of 54.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for IBTX stock from 8 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 1 | 1 | 1 |
| Buy | 3 | 3 | 4 | 5 | 5 | 5 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $46 → $57 | Buy | Maintains | $46 → $57 | +5.38% | Jul 9, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $50 → $48 | Hold | Maintains | $50 → $48 | -11.26% | Jul 8, 2024 |
| Piper Sandler | Piper Sandler | Sell → Buy Upgrades $38 → $58 | Sell → Buy | Upgrades | $38 → $58 | +7.23% | May 31, 2024 |
| Truist Securities | Truist Securities | Strong Buy → Hold Downgrades $46 → $50 | Strong Buy → Hold | Downgrades | $46 → $50 | -7.56% | May 29, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $55 → $46 | Buy | Maintains | $55 → $46 | -14.96% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
507.49M
from 503.86M
Increased by 0.72%
Revenue Next Year
606.65M
from 507.49M
Increased by 19.54%
EPS This Year
2.68
from 1.04
Increased by 158.06%
EPS Next Year
4.01
from 2.68
Increased by 49.40%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 532.6M | 643.1M |
| Avg | 507.5M | 606.7M |
| Low | 482.9M | 562.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 5.7% | 26.7% |
| Avg | 0.7% | 19.5% |
| Low | -4.2% | 10.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.92 | 4.52 |
| Avg | 2.68 | 4.01 |
| Low | 2.29 | 3.53 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 180.7% | 68.2% |
| Avg | 158.1% | 49.4% |
| Low | 120.5% | 31.5% |
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.