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 $59.67 (represents a 4.56% upside from IBTX’s last price of $57.07) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
IBTX Price Target
IBTX Analyst Ratings
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 |
---|---|---|---|---|---|---|
Jul 29, 2024 | Brandon King | Truist Financial | $65.00 | $59.59 | 9.08% | 13.90% |
May 31, 2024 | Stephen Scouten | Piper Sandler | $58.00 | $45.98 | 26.14% | 1.63% |
May 29, 2024 | Brandon King | Truist Financial | $50.00 | $46.57 | 7.37% | -12.39% |
Jan 05, 2024 | Michael Rose | Raymond James | $56.00 | $50.31 | 11.31% | -1.87% |
Independent Bank Group Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 1 | 4 |
Avg Price Target | - | $65.00 | $57.25 |
Last Closing Price | $57.07 | $57.07 | $57.07 |
Upside/Downside | -100.00% | 13.90% | 0.32% |
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 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 | Jul 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 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | $215.29M | $140.63M | $153.20M | $160.85M | - | $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 | $97.00M | $98.80M |
Avg Forecast | $162.57M | $155.08M | $146.64M | $137.54M | $130.15M | $124.93M | $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 | $104.79M | $96.59M |
High Forecast | $163.87M | $156.32M | $147.82M | $138.65M | $131.19M | $127.94M | $121.46M | $122.36M | $125.82M | $132.68M | $140.28M | $152.03M | $163.52M | $160.79M | $151.40M | $146.17M | $150.17M | $150.31M | $151.25M | $154.97M | $154.80M | $150.36M | $144.16M | $143.81M | $144.53M | $144.62M | $142.98M | $140.50M | $125.75M | $115.90M |
Low Forecast | $161.27M | $153.83M | $145.47M | $136.44M | $129.11M | $123.33M | $119.53M | $120.42M | $122.18M | $126.39M | $138.05M | $149.62M | $160.93M | $158.23M | $151.40M | $141.85M | $145.73M | $145.86M | $146.77M | $150.39M | $150.22M | $145.91M | $139.90M | $139.55M | $140.25M | $140.34M | $138.75M | $136.34M | $83.83M | $77.27M |
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 15 |
Surprise % | - | - | - | - | - | - | - | - | - | - | 1.55% | 0.93% | 0.94% | 1.01% | - | 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% | 0.93% | 1.02% |
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 | Jul 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 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 15 |
EBITDA | - | - | - | - | - | - | - | - | $18.31M | - | $41.78M | $-26.23M | $106.76M | $99.68M | - | $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 | $71.50M | $71.57M |
Avg Forecast | $65.36M | $62.34M | $58.95M | $55.29M | $52.32M | $50.22M | $48.44M | $89.08M | $49.78M | $51.64M | $55.95M | $80.98M | $65.22M | $101.77M | $60.86M | $73.62M | $86.69M | $92.52M | $94.26M | $96.34M | $97.75M | $69.16M | $75.95M | $97.17M | $117.64M | $120.21M | $117.47M | $113.28M | $76.81M | $69.78M |
High Forecast | $65.88M | $62.84M | $59.42M | $55.74M | $52.74M | $51.43M | $48.83M | $106.89M | $50.58M | $53.34M | $56.39M | $97.17M | $65.74M | $122.13M | $60.86M | $88.34M | $104.03M | $111.02M | $113.11M | $115.61M | $117.30M | $83.00M | $91.14M | $116.61M | $141.16M | $144.25M | $140.96M | $135.94M | $92.18M | $83.74M |
Low Forecast | $64.83M | $61.84M | $58.48M | $54.85M | $51.90M | $49.58M | $48.05M | $71.26M | $49.12M | $50.81M | $55.50M | $64.78M | $64.69M | $81.42M | $60.86M | $58.89M | $69.35M | $74.02M | $75.40M | $77.07M | $78.20M | $55.33M | $60.76M | $77.74M | $94.11M | $96.16M | $93.98M | $90.63M | $61.45M | $55.83M |
Surprise % | - | - | - | - | - | - | - | - | 0.37% | - | 0.75% | -0.32% | 1.64% | 0.98% | - | 1.08% | 1.01% | 0.94% | 1.02% | 1.04% | 1.02% | 1.48% | 1.01% | 0.97% | 0.91% | 0.97% | 0.91% | 0.78% | 0.93% | 1.03% |
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 | Jul 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 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 15 |
Net Income | - | - | - | - | - | - | - | - | $14.86M | - | $33.08M | $-37.51M | $40.75M | $52.44M | - | $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 | $33.96M | $35.70M |
Avg Forecast | $49.64M | $44.08M | $37.90M | $31.51M | $32.54M | $28.29M | $23.95M | $57.09M | $27.25M | $29.95M | $36.07M | $51.90M | $52.71M | $61.56M | $50.68M | $47.18M | $53.75M | $55.96M | $56.92M | $57.74M | $57.40M | $40.62M | $38.26M | $45.42M | $55.26M | $57.29M | $54.44M | $47.74M | $36.49M | $34.80M |
High Forecast | $50.16M | $44.54M | $38.29M | $31.84M | $32.88M | $35.89M | $24.20M | $68.50M | $28.92M | $32.01M | $36.45M | $62.28M | $53.26M | $73.87M | $50.68M | $56.62M | $64.50M | $67.16M | $68.30M | $69.29M | $68.88M | $48.75M | $45.91M | $54.50M | $66.31M | $68.75M | $65.32M | $57.29M | $43.79M | $41.76M |
Low Forecast | $49.12M | $43.62M | $37.50M | $31.19M | $32.21M | $23.64M | $23.70M | $45.67M | $25.99M | $27.49M | $35.70M | $41.52M | $52.17M | $49.25M | $50.68M | $37.74M | $43.00M | $44.77M | $45.54M | $46.19M | $45.92M | $32.50M | $30.61M | $36.33M | $44.21M | $45.83M | $43.55M | $38.19M | $29.19M | $27.84M |
Surprise % | - | - | - | - | - | - | - | - | 0.55% | - | 0.92% | -0.72% | 0.77% | 0.85% | - | 1.08% | 1.01% | 0.94% | 1.02% | 1.04% | 1.02% | 1.48% | 1.01% | 0.97% | 0.91% | 0.97% | 0.91% | 0.78% | 0.93% | 1.03% |
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 | Jul 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 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 15 |
SG&A | - | - | - | - | - | - | - | - | - | - | $1.78M | $49.59M | $66.49M | $62.87M | - | $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 | $35.03M | $35.26M |
Avg Forecast | $52.82M | $50.38M | $47.64M | $44.68M | $42.28M | $40.59M | $39.15M | $64.59M | $40.23M | $41.73M | $45.21M | $58.71M | $52.70M | $63.09M | $49.19M | $53.38M | $53.18M | $57.36M | $50.10M | $49.23M | $49.39M | $33.85M | $42.72M | $47.89M | $54.29M | $42.98M | $52.63M | $63.46M | $37.63M | $34.37M |
High Forecast | $53.24M | $50.78M | $48.02M | $45.04M | $42.62M | $41.56M | $39.46M | $77.50M | $40.88M | $43.10M | $45.57M | $70.46M | $53.12M | $75.71M | $49.19M | $64.05M | $63.82M | $68.83M | $60.12M | $59.08M | $59.27M | $40.62M | $51.26M | $57.47M | $65.15M | $51.57M | $63.15M | $76.15M | $45.16M | $41.25M |
Low Forecast | $52.39M | $49.98M | $47.26M | $44.33M | $41.94M | $40.07M | $38.83M | $51.67M | $39.69M | $41.06M | $44.85M | $46.97M | $52.28M | $50.47M | $49.19M | $42.70M | $42.54M | $45.89M | $40.08M | $39.38M | $39.51M | $27.08M | $34.17M | $38.31M | $43.43M | $34.38M | $42.10M | $50.77M | $30.11M | $27.50M |
Surprise % | - | - | - | - | - | - | - | - | - | - | 0.04% | 0.84% | 1.26% | 1.00% | - | 1.08% | 1.01% | 0.94% | 1.02% | 1.04% | 1.02% | 1.48% | 1.01% | 0.97% | 0.91% | 0.97% | 0.91% | 0.78% | 0.93% | 1.03% |
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 | Jul 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 | Dec 18 | Sep 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 15 |
EPS | - | - | - | - | - | - | - | - | $0.36 | - | $0.80 | $-0.91 | $0.99 | $1.27 | - | $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 | $1.11 | $1.17 |
Avg Forecast | $1.21 | $1.07 | $0.92 | $0.77 | $0.79 | $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 | $1.30 | $1.17 |
High Forecast | $1.22 | $1.08 | $0.93 | $0.77 | $0.80 | $0.87 | $0.59 | $0.60 | $0.70 | $0.78 | $0.88 | $1.09 | $1.29 | $1.34 | $1.23 | $1.16 | $1.28 | $1.33 | $1.34 | $1.37 | $1.35 | $1.08 | $0.85 | $1.08 | $1.33 | $1.37 | $1.30 | $1.21 | $1.56 | $1.40 |
Low Forecast | $1.19 | $1.06 | $0.91 | $0.76 | $0.78 | $0.57 | $0.58 | $0.58 | $0.63 | $0.67 | $0.87 | $1.06 | $1.27 | $1.32 | $1.23 | $1.12 | $1.23 | $1.28 | $1.29 | $1.32 | $1.30 | $1.03 | $0.82 | $1.04 | $1.28 | $1.32 | $1.25 | $1.17 | $1.04 | $0.94 |
Surprise % | - | - | - | - | - | - | - | - | 0.54% | - | 0.91% | -0.85% | 0.77% | 0.96% | - | 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% | 0.85% | 1.00% |
Independent Bank Group Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
NBHC | National Bank | $41.17 | $47.67 | 15.79% | Hold |
CNOB | ConnectOne Bancorp | $24.69 | $27.67 | 12.07% | Buy |
FFIN | First Financial Bankshares | $36.77 | $39.00 | 6.06% | Hold |
IBTX | Independent Bank Group | $57.07 | $59.67 | 4.56% | Buy |
FFNW | First Financial Northwest | $22.68 | $23.50 | 3.62% | Hold |
BOKF | BOK Financial | $102.96 | $105.38 | 2.35% | Hold |
UMBF | UMB Financial | $105.12 | $104.67 | -0.43% | Hold |
ACNB | ACNB | $42.18 | $37.00 | -12.28% | Buy |
BSRR | Sierra Bancorp | $29.22 | $25.33 | -13.31% | Hold |
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 $59.67 with a range of $56 to $65, implying a 4.56% from its last price of $57.07. 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 4.56% (from the last price of $57.07 to the average price target of $59.67), up by 13.90% based on the highest stock price target, and down by -1.87% based on the lowest stock price target.
Can Independent Bank Group stock reach $90?
IBTX's average twelve months analyst stock price target of $59.67 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 $496.96M (high $502.95M, low $492.38M), average EBITDA is $240.06M (high $259.89M, low $220.79M), average net income is $141.87M (high $161.47M, low $125.22M), average SG&A $186.6M (high $201.15M, low $172.51M), and average EPS is $2.65 (high $2.85, low $2.52). IBTX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $601.83M (high $606.65M, low $597.02M), average EBITDA is $241.95M (high $243.88M, low $240.01M), average net income is $163.13M (high $164.83M, low $161.43M), average SG&A $195.52M (high $197.09M, low $193.96M), and average EPS is $3.96 (high $4, low $3.92).
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 $301.47M by 22.91%. The company's net income was $196.29M, missing the average estimation of $212.13M by -7.47%. Apple's SG&A was $246.01M, beating the average forecast of $218.36M by 12.66%. 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 $36.07M by -8.31%. 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%