Independent Bank Group, Inc. (IBTX)
NASDAQ: IBTX · IEX Real-Time Price · USD
43.94
+0.76 (1.76%)
At close: May 17, 2024, 4:00 PM
47.25
+3.31 (7.53%)
Pre-market: May 20, 2024, 8:48 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 49.88, with a low estimate of 38 and a high estimate of 59. The average target predicts an increase of 13.52% from the current stock price of 43.94.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 3 | 3 | 3 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $55 → $46 | Buy | Maintains | $55 → $46 | +4.69% | Apr 26, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $52 → $46 | Strong Buy | Maintains | $52 → $46 | +4.69% | Apr 25, 2024 |
| Piper Sandler | Piper Sandler | Hold → Sell Downgrades $48 → $38 | Hold → Sell | Downgrades | $48 → $38 | -13.52% | Apr 24, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Reiterates $55 | Buy | Reiterates | $55 | +25.17% | Apr 23, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $58 → $52 | Strong Buy | Maintains | $58 → $52 | +18.34% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
534.36M
from 503.86M
Increased by 6.05%
Revenue Next Year
634.83M
from 534.36M
Increased by 18.80%
EPS This Year
2.99
from 1.04
Increased by 187.28%
EPS Next Year
4.44
from 2.99
Increased by 48.56%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 566.5M | 679.4M |
| Avg | 534.4M | 634.8M |
| Low | 497.7M | 572.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 12.4% | 27.1% |
| Avg | 6.1% | 18.8% |
| Low | -1.2% | 7.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 3.44 | 5.20 |
| Avg | 2.99 | 4.44 |
| Low | 2.60 | 3.85 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 231.2% | 74.0% |
| Avg | 187.3% | 48.6% |
| Low | 150.1% | 28.9% |
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.