Independent Bank Group (IBTX) Stock Forecast, Price Target & Predictions

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IBTX Stock Forecast

Independent Bank Group stock forecast is as follows: an average price target of $66.00 (represents a 11.22% upside from IBTX’s last price of $59.34) 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 $66.00 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 $66.00. This represents a potential 11.22% upside from IBTX's last price of $59.34.

IBTX Analyst Ratings

Buy

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%	11.22%
Jul 29, 2024	Brandon King	Truist Financial	$65.00	$59.59	9.08%	9.54%
May 31, 2024	Stephen Scouten	Piper Sandler	$58.00	$45.98	26.14%	-2.26%
May 29, 2024	Brandon King	Truist Financial	$50.00	$46.57	7.37%	-15.74%
Jan 05, 2024	Michael Rose	Raymond James	$56.00	$50.31	11.31%	-5.63%

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 11.22% increase from IBTX last price ($59.34).

Independent Bank Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	5
Avg Price Target	-	$66.00	$59.00
Last Closing Price	$59.34	$59.34	$59.34
Upside/Downside	-100.00%	11.22%	-0.57%

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 $59.34. 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
Jan 05, 2024	Raymond James		Outperform	Upgrade
Apr 26, 2022	Zacks Investment Research		Buy	Upgrade

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 26	Sep 26	Jun 26	Mar 26	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
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
Avg Forecast	$112.55M	$113.39M	$114.23M	$115.08M	$161.53M	$154.96M	$148.95M	$138.46M	$128.40M	$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
High Forecast	$112.86M	$113.70M	$114.54M	$115.39M	$161.97M	$155.39M	$149.36M	$138.84M	$128.75M	$124.68M	$120.49M	$121.39M	$125.82M	$132.68M	$139.54M	$151.24M	$162.67M	$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
Low Forecast	$112.24M	$113.08M	$113.92M	$114.77M	$161.09M	$154.54M	$148.55M	$138.09M	$128.05M	$124.67M	$120.49M	$121.39M	$122.18M	$126.39M	$138.79M	$150.42M	$161.78M	$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
# Analysts	1	1	1	1	1	1	1	1	1	1	2	2	4	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	5	5
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%

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 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	2	2	4	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	5	5
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
Avg Forecast	$42.78M	$43.10M	$43.42M	$43.74M	$61.40M	$58.90M	$56.62M	$52.63M	$48.81M	$47.39M	$45.80M	$89.08M	$47.07M	$48.83M	$52.90M	$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
High Forecast	$42.90M	$43.22M	$43.54M	$43.86M	$61.57M	$59.06M	$56.77M	$52.77M	$48.94M	$47.39M	$45.80M	$106.89M	$47.83M	$50.43M	$53.04M	$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
Low Forecast	$42.66M	$42.98M	$43.30M	$43.62M	$61.23M	$58.74M	$56.46M	$52.49M	$48.67M	$47.39M	$45.80M	$71.26M	$46.44M	$48.04M	$52.75M	$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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.39%	-	0.79%	-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%

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 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	2	2	4	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	5	5
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
Avg Forecast	$53.19M	$51.54M	$49.89M	$47.00M	$48.24M	$43.70M	$39.58M	$33.40M	$27.21M	$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
High Forecast	$53.38M	$51.72M	$50.07M	$47.17M	$48.41M	$43.86M	$39.72M	$37.68M	$30.24M	$29.06M	$23.98M	$68.50M	$28.95M	$32.03M	$36.23M	$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
Low Forecast	$53.00M	$51.36M	$49.71M	$46.84M	$48.07M	$43.55M	$39.44M	$28.69M	$24.94M	$28.05M	$23.96M	$45.67M	$26.01M	$27.52M	$35.98M	$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
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%

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 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	2	2	4	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	5	5
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
Avg Forecast	$40.68M	$40.98M	$41.29M	$41.59M	$58.38M	$56.01M	$53.84M	$50.05M	$46.41M	$45.06M	$43.55M	$64.59M	$44.75M	$46.43M	$50.30M	$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
High Forecast	$40.79M	$41.09M	$41.40M	$41.71M	$58.54M	$56.16M	$53.98M	$50.18M	$46.53M	$45.06M	$43.55M	$77.50M	$45.48M	$47.95M	$50.44M	$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
Low Forecast	$40.57M	$40.87M	$41.17M	$41.48M	$58.22M	$55.86M	$53.69M	$49.91M	$46.28M	$45.06M	$43.55M	$51.67M	$44.16M	$45.68M	$50.16M	$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
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%

Independent Bank Group's average Quarter SG&A projection for Sep 23 is $46.43M, based on 6 Wall Street analysts, with a range of $45.68M to $47.95M. The forecast indicates a 2501.03% rise compared to IBTX last annual SG&A of $1.78M (Jun 23).

Independent Bank Group EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	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
# Analysts	1	1	1	1	1	1	1	1	1	1	2	2	4	6	3	3	4	4	4	4	3	3	3	3	3	9	9	9	5	5
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
Avg Forecast	$1.29	$1.25	$1.21	$1.14	$1.17	$1.06	$0.96	$0.81	$0.66	$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
High Forecast	$1.29	$1.25	$1.21	$1.14	$1.17	$1.06	$0.96	$0.91	$0.73	$0.70	$0.58	$0.59	$0.70	$0.78	$0.88	$1.08	$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
Low Forecast	$1.29	$1.25	$1.21	$1.14	$1.17	$1.06	$0.96	$0.70	$0.60	$0.68	$0.58	$0.59	$0.63	$0.67	$0.87	$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
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%

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
UMBF	UMB Financial	$120.26	$136.33	13.36%	Buy
NBHC	National Bank	$45.56	$50.00	9.75%	Hold
FFNW	First Financial Northwest	$21.85	$23.50	7.55%	Hold
BOKF	BOK Financial	$114.35	$118.75	3.85%	Hold
IBTX	Independent Bank Group	$64.05	$66.00	3.04%	Buy
HBCP	Home Bancorp	$48.80	$50.00	2.46%	Buy
HFWA	Heritage Financial	$25.67	$26.00	1.29%	Hold
FFIN	First Financial Bankshares	$39.20	$39.50	0.77%	Hold
CNOB	ConnectOne Bancorp	$25.58	$25.00	-2.27%	Buy
BSRR	Sierra Bancorp	$30.73	$25.33	-17.57%	Hold
ACNB	ACNB	$45.65	$37.00	-18.95%	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 $66 with a range of $66 to $66, implying a 11.22% from its last price of $59.34. 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 11.22% (from the last price of $59.34 to the average price target of $66), up by 11.22% based on the highest stock price target, and up by 11.22% based on the lowest stock price target.

Can Independent Bank Group stock reach $90?

IBTX's average twelve months analyst stock price target of $66 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 2025) are as follows: average revenue is $603.91M (high $605.56M, low $602.27M), average EBITDA is $229.55M (high $230.17M, low $228.92M), average net income is $164.92M (high $169.67M, low $159.75M), average SG&A $218.27M (high $218.87M, low $217.68M), and average EPS is $4 (high $4.12, low $3.87). IBTX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $455.24M (high $456.48M, low $454.01M), average EBITDA is $173.04M (high $173.51M, low $172.57M), average net income is $201.62M (high $202.33M, low $200.91M), average SG&A $164.54M (high $164.99M, low $164.09M), and average EPS is $4.89 (high $4.91, low $4.87).

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 $52.9M by -21.02%. 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 $50.3M by -96.45%. Lastly, the company's EPS was $0.8, missing the average prediction of $0.876 by -8.65%