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Independent Bank Group - IBTX Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $48.33
  • Forecasted Upside: 18.67%
  • Number of Analysts: 6
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$40.73 As of 05/7/2024 05:00 PM ET
▼ -0.17 (-0.42%)

This chart shows the closing price for IBTX by one month, three months, or twelve months.

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Analyst Price Target for IBTX

Analyst Price Target is $48.33
▲ +18.67% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Independent Bank Group in the last 3 months. The average price target is $48.33, with a high forecast of $59.00 and a low forecast of $38.00. The average price target represents a 18.67% upside from the last price of $40.73.

This chart shows the closing price for IBTX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 6 polled investment analysts is to moderate buy stock in Independent Bank Group. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/14/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
2/12/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
5/13/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
8/11/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/9/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
2/7/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/7/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
5/7/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/26/2024Keefe, Bruyette & WoodsLower TargetOutperform ➝ Outperform$55.00 ➝ $46.00Low
4/25/2024Truist FinancialLower TargetBuy ➝ Buy$52.00 ➝ $46.00Low
4/24/2024Hovde GroupLower TargetMarket Perform$53.00 ➝ $46.00Low
4/24/2024Piper SandlerDowngradeNeutral ➝ Underweight$48.00 ➝ $38.00Low
4/23/2024StephensReiterated RatingOverweight ➝ Overweight$55.00Low
4/1/2024Truist FinancialLower TargetBuy ➝ Buy$58.00 ➝ $52.00Low
1/24/2024Keefe, Bruyette & WoodsBoost TargetOutperform ➝ Outperform$53.00 ➝ $55.00Low
1/24/2024Raymond JamesBoost TargetOutperform ➝ Outperform$56.00 ➝ $59.00Low
1/23/2024StephensReiterated RatingOverweight ➝ Overweight$61.00Low
1/5/2024Raymond JamesUpgradeMarket Perform ➝ Outperform$56.00Low
12/15/2023Truist FinancialBoost TargetBuy ➝ Buy$42.00 ➝ $56.00Low
10/25/2023StephensLower TargetOverweight ➝ Overweight$47.00 ➝ $46.00Low
7/26/2023Truist FinancialBoost TargetBuy$40.00 ➝ $47.00Low
7/26/2023Piper SandlerReiterated RatingOverweight ➝ Neutral$40.00 ➝ $44.00Low
7/25/2023Keefe, Bruyette & WoodsLower TargetOutperform$60.00 ➝ $50.00Low
7/25/2023StephensReiterated RatingOverweight ➝ Overweight$41.00Low
6/29/2023Truist FinancialLower Target$43.00 ➝ $40.00Low
4/26/2023Piper SandlerLower Target$55.00 ➝ $48.00Low
3/23/2023Truist FinancialLower Target$65.00 ➝ $53.00Low
1/25/2023Truist FinancialLower TargetBuy$70.00 ➝ $65.00Low
12/9/2022Truist FinancialLower Target$74.00 ➝ $70.00Low
10/26/2022Truist FinancialLower Target$80.00 ➝ $74.00Low
10/26/2022Hovde GroupDowngradeOutperform ➝ Market Perform$82.50 ➝ $70.00Low
9/16/2022Piper SandlerLower TargetOverweight$78.00 ➝ $75.00Low
7/27/2022Truist FinancialBoost TargetOutperform$80.00Low
7/27/2022StephensBoost TargetOutperform$80.00Low
7/6/2022Truist FinancialLower TargetBuy$85.00 ➝ $76.00N/A
7/4/2022Piper SandlerLower Target$76.00N/A
3/9/2022Janney Montgomery ScottInitiated CoverageNeutralMedium
1/26/2022Truist FinancialBoost TargetBuy$80.00 ➝ $85.00Medium
3/19/2021Truist FinancialBoost Target$75.00 ➝ $87.00High
12/18/2020Truist FinancialInitiated CoverageHold ➝ Buy$66.00 ➝ $75.00High
10/6/2020Raymond JamesDowngradeOutperform ➝ Market PerformHigh
9/30/2020Piper SandlerBoost TargetOverweight$47.00 ➝ $48.50Medium
9/8/2020Raymond JamesReiterated RatingBuyLow
5/27/2020Hovde GroupUpgradeMarket Perform ➝ Outperform$59.00 ➝ $42.00High
5/26/2020Raymond JamesUpgradeMarket Perform ➝ Outperform$41.00High
5/19/2020SunTrust BanksBoost TargetHold$29.00 ➝ $35.00Low
4/29/2020Piper SandlerLower TargetOverweight$46.00 ➝ $40.00Medium
1/29/2020StephensUpgradeEqual Weight ➝ Overweight$67.00 ➝ $61.00Low
12/18/2019StephensDowngradeOverweight ➝ Equal$67.00Low
12/11/2019Hovde GroupDowngradeOutperform ➝ HoldMedium
12/10/2019Raymond JamesDowngradeOutperform ➝ Market PerformHigh
10/22/2019StephensReiterated RatingBuyMedium
10/3/2019SunTrust BanksLower TargetHold$61.00 ➝ $60.00Medium
5/20/2019StephensReiterated RatingBuy$67.00Low
(Data available from 5/7/2019 forward)

News Sentiment Rating

0.31 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/10/2023
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/9/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/9/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/8/2024
  • 5 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/7/2024
  • 8 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/8/2024
  • 4 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/7/2024
  • 7 very positive mentions
  • 15 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
5/7/2024

Current Sentiment

  • 7 very positive mentions
  • 15 positive mentions
  • 6 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Independent Bank Group logo
Independent Bank Group, Inc., through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans, such as SBA guaranteed loans, business term loans, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit and credit cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; wealth management services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. The company was incorporated in 2002 and is headquartered in McKinney, Texas.
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Today's Range

Now: $40.73
Low: $40.54
High: $41.40

50 Day Range

MA: $42.36
Low: $37.24
High: $45.78

52 Week Range

Now: $40.73
Low: $29.24
High: $53.25

Volume

206,987 shs

Average Volume

228,488 shs

Market Capitalization

$1.69 billion

P/E Ratio

16.10

Dividend Yield

3.77%

Beta

1.36

Frequently Asked Questions

What sell-side analysts currently cover shares of Independent Bank Group?

The following sell-side analysts have issued reports on Independent Bank Group in the last year: Hovde Group, Keefe, Bruyette & Woods, Piper Sandler, Raymond James, Stephens, StockNews.com, and Truist Financial Co..
View the latest analyst ratings for IBTX.

What is the current price target for Independent Bank Group?

6 Wall Street analysts have set twelve-month price targets for Independent Bank Group in the last year. Their average twelve-month price target is $48.33, suggesting a possible upside of 18.7%. Raymond James has the highest price target set, predicting IBTX will reach $59.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $38.00 for Independent Bank Group in the next year.
View the latest price targets for IBTX.

What is the current consensus analyst rating for Independent Bank Group?

Independent Bank Group currently has 1 sell rating, 1 hold rating and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for IBTX.

What other companies compete with Independent Bank Group?

Other companies that are similar to Independent Bank Group include Lakeland Financial, Banner, Renasant, Live Oak Bancshares and Triumph Financial. Learn More about companies similar to Independent Bank Group.

How do I contact Independent Bank Group's investor relations team?

Independent Bank Group's physical mailing address is 7777 HENNEMAN WAY, MCKINNEY TX, 75070. The bank's listed phone number is (972) 562-9004 and its investor relations email address is [email protected]. The official website for Independent Bank Group is www.independent-bank.com. Learn More about contacing Independent Bank Group investor relations.