Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Independent Bank Group Inc Market Cap
Based on ratings from 6 stock analysts, the Independent Bank Group Inc stock price is expected to decrease by 12.55% in 12 months. This is calculated by using the average 12-month stock price forecast for Independent Bank Group Inc. The lowest target is $46 and the highest is $81. Please note analyst price targets are not guaranteed and could be missed completely.
About 6 Wall Street analysts have assigned IBTX 3 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Independent Bank Group Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on IBTX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of IBTX.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Catherine Mealor Keefe, Bruyette & Woods | Outperform | $81 | Maintains | Dec 4, 2024 |
| Catherine Mealor Keefe, Bruyette & Woods | Outperform | $72 | Maintains | Nov 7, 2024 |
| Brandon King Truist Securities | Hold | $63 | Maintains | Oct 23, 2024 |
| Brandon King Truist Securities | Hold | $66 | Maintains | Sep 20, 2024 |
| Brandon King Truist Securities | Hold | $65 | Maintains | Jul 29, 2024 |
| Catherine Mealor Keefe, Bruyette & Woods | Outperform | $66 | Maintains | Jul 29, 2024 |
| Catherine Mealor Keefe, Bruyette & Woods | Outperform | $57 | Maintains | Jul 9, 2024 |
| Brandon King Truist Securities | Hold | $48 | Maintains | Jul 8, 2024 |
| Stephen Scouten Piper Sandler | Overweight | $58 | Upgrade | May 31, 2024 |
| Brandon King Truist Securities | Hold | $50 | Downgrade | May 29, 2024 |
| Catherine Mealor Keefe, Bruyette & Woods | Outperform | $46 | Maintains | Apr 26, 2024 |
| Brandon King Truist Securities | Buy | $46 | Maintains | Apr 25, 2024 |
| Stephen Scouten Piper Sandler | Underweight | $38 | Downgrade | Apr 24, 2024 |
| Matt Olney Stephens & Co. | Overweight | $55 | Reiterates | Apr 23, 2024 |
| Brandon King Truist Securities | Buy | $52 | Maintains | Apr 1, 2024 |
| Brady Gailey Keefe, Bruyette & Woods | Outperform | $55 | Maintains | Jan 24, 2024 |
| Michael Rose Raymond James | Outperform | $59 | Maintains | Jan 24, 2024 |
| Matt Olney Stephens & Co. | Overweight | $61 | Reiterates | Jan 23, 2024 |
| Michael Rose Raymond James | Outperform | $56 | Upgrade | Jan 5, 2024 |
| Michael Young Truist Securities | Buy | $56 | Maintains | Dec 15, 2023 |
When did it IPO
2013
Staff Count
1,517
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. David R. Brooks
Market Cap
$2.76B
In 2023, IBTX generated $507.7M in revenue, which was a decrease of -16.80% from the previous year. This can be seen as a signal that IBTX's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 21 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Independent Bank Group, Inc. reported Q3 2024 net income of $20.4 million ($0.49 per share), down from $32.8 million a year prior. Adjusted net income was $20.6 million ($0.50 per share).
Why It Matters - Independent Bank Group's significant year-over-year decline in net income and recovery from a prior quarter loss highlights volatility, affecting investor confidence and stock valuation.
Mon, 21 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Independent Bank Group (IBTX) reported quarterly earnings of $0.50 per share, missing estimates of $0.71, and down from $0.79 per share year-over-year.
Why It Matters - Independent Bank Group's earnings miss signals potential financial weakness, raising concerns about future profitability and impacting stock performance negatively.
Mon, 21 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Independent Bank Group (IBTX) reported its revenue and EPS for Q3 2024. Investors should compare these figures with Wall Street estimates and year-ago metrics for context.
Why It Matters - Revenue and EPS performance relative to Wall Street estimates and year-ago figures can indicate growth trends and market positioning, impacting investor sentiment and stock valuation for IBTX.
Wed, 24 Jul 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Independent Bank Group reported a net loss of $493.5 million for Q2 2024, primarily due to a $518 million goodwill impairment linked to its merger with SouthState Corporation.
Why It Matters - The significant net loss and goodwill impairment indicate potential concerns about Independent Bank Group's valuation and future performance, which could affect investor confidence and stock price.
Wed, 24 Jul 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Independent Bank Group (IBTX) reported Q3 earnings of $0.60 per share, surpassing estimates of $0.57, but down from $0.82 per share year-over-year.
Why It Matters - IBTX's earnings beat expectations but declined year-over-year, indicating potential challenges in sustaining profitability, which may affect investor confidence and stock performance.
Wed, 24 Jul 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Independent Bank Group (IBTX) reported its quarterly performance for June 2024, with key metrics to be compared against Wall Street estimates and year-ago figures for investor insight.
Why It Matters - Key metrics against Wall Street estimates and prior year values provide insight into Independent Bank Group's performance trajectory, impacting future valuation and investment decisions.
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