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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
Buy | 2 | 2 | 2 | 3 | 3 | 3 |
Hold | 2 | 2 | 1 | 1 | 1 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 5 | 5 | 5 | 6 | 6 | 6 |
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 | Hold → Buy Upgrades $56 | Hold → 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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 566.5M | 679.4M |
Avg | 538.2M | 636.4M |
Low | 503.6M | 578.5M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 12.4% | 26.2% |
Avg | 6.8% | 18.3% |
Low | -0.1% | 7.5% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 3.44 | 5.20 |
Avg | 3.05 | 4.45 |
Low | 2.74 | 3.85 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.