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 -4.85% downside from IBTX’s last price of $63.06) 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 -4.85% downside from IBTX's last price of $63.06.
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% | 4.66% |
| Jul 29, 2024 | Brandon King | Truist Financial | $65.00 | $59.59 | 9.08% | 3.08% |
| May 31, 2024 | Stephen Scouten | Piper Sandler | $58.00 | $45.98 | 26.14% | -8.02% |
| May 29, 2024 | Brandon King | Truist Financial | $50.00 | $46.57 | 7.37% | -20.71% |
| Jan 05, 2024 | Michael Rose | Raymond James | $56.00 | $50.31 | 11.31% | -11.20% |
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 4.66% increase from IBTX last price ($63.06).
Independent Bank Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $66.00 | $59.00 |
| Last Closing Price | $63.06 | $63.06 | $63.06 |
| Upside/Downside | -100.00% | 4.66% | -6.44% |
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 $63.06. 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 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 | $112.78M | $113.62M | $114.46M | $115.31M | $161.87M | $155.28M | $149.26M | $138.75M | $128.67M | $124.68M | $120.49M | $121.39M | $125.82M | $132.68M | $139.45M | $151.14M | $162.56M | $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 | $112.32M | $113.15M | $114.00M | $114.84M | $161.20M | $154.65M | $148.65M | $138.18M | $128.14M | $124.67M | $120.49M | $121.39M | $122.18M | $126.39M | $138.88M | $150.52M | $161.89M | $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 | $42.87M | $43.19M | $43.51M | $43.83M | $61.52M | $59.02M | $56.73M | $52.74M | $48.91M | $47.39M | $45.80M | $106.89M | $47.83M | $50.43M | $53.00M | $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 | $42.69M | $43.01M | $43.33M | $43.65M | $61.27M | $58.78M | $56.50M | $52.52M | $48.71M | $47.39M | $45.80M | $71.26M | $46.44M | $48.04M | $52.79M | $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 | $53.33M | $51.68M | $50.02M | $47.13M | $48.37M | $43.82M | $39.69M | $37.68M | $30.24M | $29.06M | $23.98M | $68.50M | $28.95M | $32.03M | $36.20M | $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 | $53.05M | $51.40M | $49.76M | $46.88M | $48.11M | $43.59M | $39.48M | $28.69M | $24.94M | $28.05M | $23.96M | $45.67M | $26.01M | $27.52M | $36.01M | $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 | $40.76M | $41.07M | $41.37M | $41.68M | $58.50M | $56.12M | $53.95M | $50.15M | $46.50M | $45.06M | $43.55M | $77.50M | $45.48M | $47.95M | $50.40M | $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 | $40.60M | $40.90M | $41.20M | $41.51M | $58.26M | $55.89M | $53.73M | $49.94M | $46.31M | $45.06M | $43.55M | $51.67M | $44.16M | $45.68M | $50.20M | $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 |
|---|---|---|---|---|---|
| NBHC | National Bank | $47.00 | $50.00 | 6.38% | Hold |
| FFNW | First Financial Northwest | $22.38 | $23.50 | 5.00% | Hold |
| CNOB | ConnectOne Bancorp | $26.58 | $27.67 | 4.10% | Buy |
| HBCP | Home Bancorp | $48.08 | $50.00 | 3.99% | Buy |
| HFWA | Heritage Financial | $25.49 | $26.00 | 2.00% | Hold |
| BOKF | BOK Financial | $114.31 | $112.75 | -1.36% | Hold |
| FFIN | First Financial Bankshares | $40.62 | $39.50 | -2.76% | Hold |
| IBTX | Independent Bank Group | $63.06 | $60.00 | -4.85% | Buy |
| UMBF | UMB Financial | $120.19 | $113.25 | -5.77% | Hold |
| BSRR | Sierra Bancorp | $30.60 | $25.33 | -17.22% | Hold |
| ACNB | ACNB | $47.17 | $37.00 | -21.56% | Buy |