Independent Bank Group (IBTX) Stock Forecast, Price Target & Predictions
IBTX Stock Forecast
Independent Bank Group stock forecast is as follows: an average price target of $60.00 (represents a 5.23% upside from IBTX’s last price of $57.02) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
IBTX Price Target
The average price target for Independent Bank Group (IBTX) is $60.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $66.00 to $56.00. This represents a potential 5.23% upside from IBTX's last price of $57.02.
IBTX Analyst Ratings
According to 3 Wall Street analysts, Independent Bank Group's rating consensus is 'Buy'. The analyst rating breakdown for IBTX stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Independent Bank Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 20, 2024 | Brandon King | Truist Financial | $66.00 | $61.00 | 8.20% | 15.75% |
| Jul 29, 2024 | Brandon King | Truist Financial | $65.00 | $59.59 | 9.08% | 14.00% |
| May 31, 2024 | Stephen Scouten | Piper Sandler | $58.00 | $45.98 | 26.14% | 1.72% |
| May 29, 2024 | Brandon King | Truist Financial | $50.00 | $46.57 | 7.37% | -12.31% |
| Jan 05, 2024 | Michael Rose | Raymond James | $56.00 | $50.31 | 11.31% | -1.79% |
The latest Independent Bank Group stock forecast, released on Sep 20, 2024 by Brandon King from Truist Financial, set a price target of $66.00, which represents a 8.20% increase from the stock price at the time of the forecast ($61.00), and a 15.75% increase from IBTX last price ($57.02).
Independent Bank Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $66.00 | $59.00 |
| Last Closing Price | $57.02 | $57.02 | $57.02 |
| Upside/Downside | -100.00% | 15.75% | 3.47% |
In the current month, the average price target of Independent Bank Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Independent Bank Group's last price of $57.02. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 08, 2024 | Truist Financial | Buy | Buy | Hold |
| Jul 08, 2024 | Stephens | Underperform | Underperform | Hold |
| May 30, 2024 | Piper Sandler | - | Overweight | Upgrade |
| May 29, 2024 | Truist Financial | Buy | Buy | Hold |
| May 29, 2024 | Stephens | Underperform | Underperform | Hold |
| Apr 25, 2024 | Stephens | Underperform | Underperform | Hold |
| Apr 25, 2024 | Truist Financial | Buy | Buy | Hold |
| Apr 01, 2024 | Stephens | Buy | Buy | Hold |
| Apr 01, 2024 | Raymond James | Underperform | Underperform | Hold |
| Jan 24, 2024 | Stephens | Buy | Buy | Hold |
Independent Bank Group's last stock rating was published by Truist Financial on Jul 08, 2024. The company gave IBTX a "Buy" rating, the same as its previous rate.
Independent Bank Group Financial Forecast
Independent Bank Group Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $215.29M | $140.63M | $153.20M | $160.85M | $151.92M | $144.20M | $147.98M | $145.58M | $145.24M | $148.34M | $152.68M | $157.14M | $153.41M | $137.81M | $144.98M | $151.48M | $146.12M | $138.07M | $83.43M | $52.45M |
| Avg Forecast | $156.01M | $149.12M | $141.52M | $132.35M | $126.11M | $124.67M | $120.49M | $121.39M | $123.83M | $128.46M | $139.17M | $150.83M | $162.22M | $159.51M | $151.40M | $143.60M | $147.53M | $147.67M | $148.59M | $152.25M | $152.08M | $147.72M | $141.63M | $141.28M | $141.99M | $142.08M | $140.46M | $138.03M | $85.09M | $51.86M |
| High Forecast | $159.96M | $152.90M | $145.10M | $135.70M | $129.34M | $124.68M | $120.49M | $121.39M | $125.82M | $132.68M | $142.69M | $154.64M | $166.33M | $159.51M | $151.40M | $143.60M | $147.53M | $147.67M | $148.59M | $152.25M | $152.08M | $147.72M | $141.63M | $141.28M | $141.99M | $142.08M | $140.46M | $138.03M | $102.11M | $62.23M |
| Low Forecast | $152.07M | $145.35M | $137.94M | $129.00M | $122.88M | $124.67M | $120.49M | $121.39M | $122.18M | $126.39M | $135.65M | $147.01M | $158.12M | $159.51M | $151.40M | $143.60M | $147.53M | $147.67M | $148.59M | $152.25M | $152.08M | $147.72M | $141.63M | $141.28M | $141.99M | $142.08M | $140.46M | $138.03M | $68.07M | $41.49M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.55% | 0.93% | 0.94% | 1.01% | 1.00% | 1.00% | 1.00% | 0.99% | 0.98% | 0.97% | 1.00% | 1.06% | 1.08% | 0.98% | 1.02% | 1.07% | 1.04% | 1.00% | 0.98% | 1.01% |
Independent Bank Group's average Quarter revenue forecast for Sep 23 based on 6 analysts is $128.46M, with a low forecast of $126.39M, and a high forecast of $132.68M. IBTX's average Quarter revenue forecast represents a -40.33% decrease compared to the company's last Quarter revenue of $215.29M (Jun 23).
Independent Bank Group EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | $18.31M | - | $41.78M | $-26.23M | $106.76M | $99.68M | $84.92M | $79.17M | $87.39M | $86.53M | $96.45M | $100.07M | $99.25M | $102.28M | $76.82M | $94.50M | $106.94M | $116.72M | $107.33M | $88.11M | $53.30M | $32.73M |
| Avg Forecast | $62.72M | $59.95M | $56.89M | $53.21M | $50.70M | $50.12M | $48.44M | $89.08M | $49.78M | $51.64M | $55.95M | $80.98M | $95.36M | $64.12M | $60.86M | $73.62M | $59.31M | $59.37M | $59.74M | $96.34M | $61.14M | $59.39M | $56.94M | $97.17M | $57.08M | $57.12M | $56.47M | $113.28M | $54.29M | $32.32M |
| High Forecast | $64.31M | $61.47M | $58.33M | $54.55M | $51.99M | $50.12M | $48.44M | $106.89M | $50.58M | $53.34M | $57.36M | $97.17M | $114.43M | $64.12M | $60.86M | $88.34M | $59.31M | $59.37M | $59.74M | $115.61M | $61.14M | $59.39M | $56.94M | $116.61M | $57.08M | $57.12M | $56.47M | $135.94M | $65.15M | $38.79M |
| Low Forecast | $61.13M | $58.43M | $55.45M | $51.86M | $49.40M | $50.12M | $48.44M | $71.26M | $49.12M | $50.81M | $54.53M | $64.78M | $76.29M | $64.12M | $60.86M | $58.89M | $59.31M | $59.37M | $59.74M | $77.07M | $61.14M | $59.39M | $56.94M | $77.74M | $57.08M | $57.12M | $56.47M | $90.63M | $43.43M | $25.86M |
| Surprise % | - | - | - | - | - | - | - | - | 0.37% | - | 0.75% | -0.32% | 1.12% | 1.55% | 1.40% | 1.08% | 1.47% | 1.46% | 1.61% | 1.04% | 1.62% | 1.72% | 1.35% | 0.97% | 1.87% | 2.04% | 1.90% | 0.78% | 0.98% | 1.01% |
2 analysts predict IBTX's average Quarter EBITDA for Mar 24 to be $89.08M, with a high of $106.89M and a low of $71.26M. This is 386.39% upper than Independent Bank Group's previous annual EBITDA (Dec 23) of $18.31M.
Independent Bank Group Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
| Net Income | - | - | - | - | - | - | - | - | $14.86M | - | $33.08M | $-37.51M | $40.75M | $52.44M | $52.36M | $50.74M | $54.19M | $52.34M | $58.24M | $59.98M | $58.27M | $60.08M | $38.69M | $44.17M | $50.24M | $55.63M | $49.74M | $37.13M | $28.96M | $15.67M |
| Avg Forecast | $45.56M | $41.02M | $35.46M | $28.66M | $27.90M | $28.55M | $23.97M | $57.09M | $27.27M | $29.98M | $36.11M | $51.90M | $59.13M | $54.76M | $50.53M | $47.18M | $51.43M | $53.38M | $54.10M | $57.74M | $54.51M | $43.31M | $34.19M | $45.42M | $53.49M | $55.15M | $52.31M | $47.74M | $29.51M | $15.48M |
| High Forecast | $47.06M | $42.37M | $36.63M | $35.02M | $32.35M | $29.06M | $23.98M | $68.50M | $28.95M | $32.03M | $37.29M | $62.28M | $70.95M | $54.76M | $50.53M | $56.62M | $51.43M | $53.38M | $54.10M | $69.29M | $54.51M | $43.31M | $34.19M | $54.50M | $53.49M | $55.15M | $52.31M | $57.29M | $35.41M | $18.57M |
| Low Forecast | $44.06M | $39.68M | $34.29M | $23.88M | $24.26M | $28.05M | $23.96M | $45.67M | $26.01M | $27.52M | $34.92M | $41.52M | $47.30M | $54.76M | $50.53M | $37.74M | $51.43M | $53.38M | $54.10M | $46.19M | $54.51M | $43.31M | $34.19M | $36.33M | $53.49M | $55.15M | $52.31M | $38.19M | $23.60M | $12.38M |
| Surprise % | - | - | - | - | - | - | - | - | 0.54% | - | 0.92% | -0.72% | 0.69% | 0.96% | 1.04% | 1.08% | 1.05% | 0.98% | 1.08% | 1.04% | 1.07% | 1.39% | 1.13% | 0.97% | 0.94% | 1.01% | 0.95% | 0.78% | 0.98% | 1.01% |
Independent Bank Group's average Quarter net income forecast for Mar 24 is $57.09M, with a range of $45.67M to $68.50M. IBTX's average Quarter net income forecast represents a 284.19% increase compared to the company's last Quarter net income of $14.86M (Dec 23).
Independent Bank Group SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $1.78M | $49.59M | $66.49M | $62.87M | $59.25M | $57.41M | $53.61M | $53.64M | $51.26M | $51.14M | $50.14M | $50.06M | $43.20M | $46.58M | $49.35M | $41.73M | $48.08M | $49.35M | $29.64M | $19.77M |
| Avg Forecast | $50.68M | $48.45M | $45.98M | $43.00M | $40.97M | $40.50M | $39.15M | $64.59M | $40.23M | $41.73M | $45.21M | $58.71M | $58.50M | $51.82M | $49.19M | $53.38M | $47.93M | $47.97M | $48.27M | $49.23M | $49.41M | $47.99M | $46.01M | $47.89M | $46.13M | $46.16M | $45.63M | $63.46M | $30.19M | $19.53M |
| High Forecast | $51.97M | $49.67M | $47.14M | $44.08M | $42.02M | $40.51M | $39.15M | $77.50M | $40.88M | $43.10M | $46.36M | $70.46M | $70.20M | $51.82M | $49.19M | $64.05M | $47.93M | $47.97M | $48.27M | $59.08M | $49.41M | $47.99M | $46.01M | $57.47M | $46.13M | $46.16M | $45.63M | $76.15M | $36.23M | $23.44M |
| Low Forecast | $49.40M | $47.22M | $44.81M | $41.91M | $39.92M | $40.50M | $39.14M | $51.67M | $39.69M | $41.06M | $44.07M | $46.97M | $46.80M | $51.82M | $49.19M | $42.70M | $47.93M | $47.97M | $48.27M | $39.38M | $49.41M | $47.99M | $46.01M | $38.31M | $46.13M | $46.16M | $45.63M | $50.77M | $24.16M | $15.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.04% | 0.84% | 1.14% | 1.21% | 1.20% | 1.08% | 1.12% | 1.12% | 1.06% | 1.04% | 1.01% | 1.04% | 0.94% | 0.97% | 1.07% | 0.90% | 1.05% | 0.78% | 0.98% | 1.01% |
Independent Bank Group's average Quarter SG&A projection for Sep 23 is $41.73M, based on 6 Wall Street analysts, with a range of $41.06M to $43.10M. The forecast indicates a 2237.96% rise compared to IBTX last annual SG&A of $1.78M (Jun 23).
Independent Bank Group EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 12 | 16 |
| EPS | - | - | - | - | - | - | - | - | $0.36 | - | $0.80 | $-0.91 | $0.99 | $1.27 | $1.25 | $1.19 | $1.25 | $1.22 | $1.35 | $1.39 | $1.35 | $1.39 | $0.90 | $1.03 | $1.17 | $1.30 | $1.15 | $0.85 | $1.02 | $0.83 |
| Avg Forecast | $1.10 | $0.99 | $0.86 | $0.69 | $0.68 | $0.69 | $0.58 | $0.59 | $0.66 | $0.73 | $0.88 | $1.07 | $1.28 | $1.33 | $1.23 | $1.14 | $1.25 | $1.30 | $1.31 | $1.34 | $1.32 | $1.05 | $0.83 | $1.06 | $1.30 | $1.34 | $1.27 | $1.19 | $1.09 | $0.80 |
| High Forecast | $1.14 | $1.03 | $0.89 | $0.85 | $0.78 | $0.70 | $0.58 | $0.59 | $0.70 | $0.78 | $0.90 | $1.11 | $1.32 | $1.33 | $1.23 | $1.14 | $1.25 | $1.30 | $1.31 | $1.34 | $1.32 | $1.05 | $0.83 | $1.06 | $1.30 | $1.34 | $1.27 | $1.19 | $1.31 | $0.96 |
| Low Forecast | $1.07 | $0.96 | $0.83 | $0.58 | $0.59 | $0.68 | $0.58 | $0.59 | $0.63 | $0.67 | $0.85 | $1.04 | $1.24 | $1.33 | $1.23 | $1.14 | $1.25 | $1.30 | $1.31 | $1.34 | $1.32 | $1.05 | $0.83 | $1.06 | $1.30 | $1.34 | $1.27 | $1.19 | $0.87 | $0.64 |
| Surprise % | - | - | - | - | - | - | - | - | 0.54% | - | 0.91% | -0.85% | 0.77% | 0.96% | 1.02% | 1.05% | 1.00% | 0.94% | 1.03% | 1.04% | 1.02% | 1.32% | 1.08% | 0.97% | 0.90% | 0.97% | 0.91% | 0.72% | 0.94% | 1.04% |
According to 2 Wall Street analysts, Independent Bank Group's projected average Quarter EPS for Mar 24 is $0.59, with a low estimate of $0.59 and a high estimate of $0.59. This represents a 64.09% increase compared to IBTX previous annual EPS of $0.36 (Dec 23).
Independent Bank Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CNOB | ConnectOne Bancorp | $24.14 | $27.67 | 14.62% | Buy |
| NBHC | National Bank | $44.19 | $50.00 | 13.15% | Hold |
| HFWA | Heritage Financial | $23.23 | $26.00 | 11.92% | Hold |
| FFIN | First Financial Bankshares | $36.08 | $39.50 | 9.48% | Hold |
| BOKF | BOK Financial | $104.05 | $112.75 | 8.36% | Hold |
| HBCP | Home Bancorp | $46.16 | $50.00 | 8.32% | Buy |
| FFNW | First Financial Northwest | $22.11 | $23.50 | 6.29% | Hold |
| IBTX | Independent Bank Group | $57.02 | $60.00 | 5.23% | Buy |
| UMBF | UMB Financial | $107.96 | $113.25 | 4.90% | Hold |
| BSRR | Sierra Bancorp | $28.31 | $25.33 | -10.53% | Hold |
| ACNB | ACNB | $41.79 | $37.00 | -11.46% | Buy |
IBTX Forecast FAQ
Is Independent Bank Group a good buy?
Yes, according to 3 Wall Street analysts, Independent Bank Group (IBTX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of IBTX's total ratings.
What is IBTX's price target?
Independent Bank Group (IBTX) average price target is $60 with a range of $56 to $66, implying a 5.23% from its last price of $57.02. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Independent Bank Group stock go up soon?
According to Wall Street analysts' prediction for IBTX stock, the company can go up by 5.23% (from the last price of $57.02 to the average price target of $60), up by 15.75% based on the highest stock price target, and down by -1.79% based on the lowest stock price target.
Can Independent Bank Group stock reach $90?
IBTX's average twelve months analyst stock price target of $60 does not support the claim that Independent Bank Group can reach $90 in the near future.
What are Independent Bank Group's analysts' financial forecasts?
Independent Bank Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $492.67M (high $495.9M, low $489.43M), average EBITDA is $238.33M (high $257.45M, low $219.22M), average net income is $137.51M (high $153.89M, low $121.94M), average SG&A $185.2M (high $199.17M, low $171.24M), and average EPS is $2.54 (high $2.66, low $2.44). IBTX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $579M (high $593.65M, low $564.36M), average EBITDA is $232.77M (high $238.66M, low $226.88M), average net income is $150.7M (high $161.08M, low $141.91M), average SG&A $188.1M (high $192.86M, low $183.35M), and average EPS is $3.65 (high $3.91, low $3.44).
Did the IBTX's actual financial results beat the analysts' financial forecasts?
Based on Independent Bank Group's last annual report (Dec 2022), the company's revenue was $610.17M, which missed the average analysts forecast of $616.74M by -1.07%. Apple's EBITDA was $370.53M, beating the average prediction of $293.97M by 26.05%. The company's net income was $196.29M, missing the average estimation of $211.6M by -7.24%. Apple's SG&A was $246.01M, beating the average forecast of $212.88M by 15.56%. Lastly, the company's EPS was $4.56, missing the average prediction of $4.97 by -8.29%. In terms of the last quarterly report (Jun 2023), Independent Bank Group's revenue was $215.29M, beating the average analysts' forecast of $139.17M by 54.70%. The company's EBITDA was $41.78M, missing the average prediction of $55.95M by -25.33%. Independent Bank Group's net income was $33.08M, missing the average estimation of $36.11M by -8.39%. The company's SG&A was $1.78M, missing the average forecast of $45.21M by -96.05%. Lastly, the company's EPS was $0.8, missing the average prediction of $0.876 by -8.65%