Independent Bank Group, Inc. (IBTX)
NASDAQ: IBTX · IEX Real-Time Price · USD
45.94
+0.16 (0.35%)
Mar 28, 2024, 11:59 AM EDT - Market open

Independent Bank Group Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for IBTX stock have an average target of 53.67, with a low estimate of 44 and a high estimate of 61. The average target predicts an increase of 16.83% from the current stock price of 45.94.

Analyst Consensus: Buy
Target Low Average Median High
Price $44 $53.67 $56 $61
Change -4.22% +16.83% +21.90% +32.78%
* Price targets were last updated on Jan 24, 2024.

Analyst Ratings

The average analyst rating for IBTX stock from 6 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 112222
Buy 222333
Hold 221111
Sell 000000
Strong Sell 000000
Total 555666

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Buy
Maintains
$53$55
Buy Maintains $53$55 +19.72% Jan 24, 2024
Raymond James
Raymond James
Buy
Maintains
$56$59
Buy Maintains $56$59 +28.43% Jan 24, 2024
Stephens & Co.
Stephens & Co.
Buy
Reiterates
$61
Buy Reiterates $61 +32.78% Jan 23, 2024
Raymond James
Raymond James
Buy
Upgrades
$56
Buy Upgrades $56 +21.90% Jan 5, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$42$56
Strong Buy Maintains $42$56 +21.90% Dec 15, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
538.18M
from 503.86M
Increased by 6.81%
Revenue Next Year
636.41M
from 538.18M
Increased by 18.25%
EPS This Year
3.05
from 1.04
Increased by 193.52%
EPS Next Year
4.45
from 3.05
Increased by 45.74%
Year 2019202020212022202320242025
Revenue
568.13M558.52M595.84M605.18M503.86M538.18M636.41M
Revenue Growth
58.42%-1.69%6.68%1.57%-16.74%6.81%18.25%
EPS
4.464.675.214.701.043.054.45
EPS Growth
3.00%4.71%11.56%-9.79%-77.87%193.52%45.74%
No. Analysts -----99
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 566.5M 679.4M
Avg 538.2M 636.4M
Low 503.6M 578.5M

Revenue Growth

Revenue Growth 20242025
High
12.4%
26.2%
Avg
6.8%
18.3%
Low
-0.1%
7.5%

EPS Forecast

EPS 20242025
High 3.44 5.20
Avg 3.05 4.45
Low 2.74 3.85

EPS Growth

EPS Growth 20242025
High
231.2%
70.3%
Avg
193.5%
45.7%
Low
163.8%
26.2%
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.