5 Analysts Have This To Say About Independent Bank Gr

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5 analysts have expressed a variety of opinions on Independent Bank Gr IBTX over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 2 3 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 1 0 0
3M Ago 0 1 1 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $60.4, a high estimate of $66.00, and a low estimate of $48.00. This current average has increased by 13.53% from the previous average price target of $53.20.

price target chart

Investigating Analyst Ratings: An Elaborate Study

A clear picture of Independent Bank Gr's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Brandon King Truist Securities Raises Hold $66.00 $65.00
Brandon King Truist Securities Raises Hold $65.00 $48.00
Catherine Mealor Keefe, Bruyette & Woods Raises Outperform $66.00 $57.00
Catherine Mealor Keefe, Bruyette & Woods Raises Outperform $57.00 $46.00
Brandon King Truist Securities Lowers Hold $48.00 $50.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Independent Bank Gr. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Independent Bank Gr compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Independent Bank Gr's stock. This analysis reveals shifts in analysts' expectations over time.

For valuable insights into Independent Bank Gr's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Independent Bank Gr analyst ratings.

About Independent Bank Gr

Independent Bank Group Inc is a bank holding company. It offers services such as checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, eStatements and bank-by-mail and direct deposit services. The Company also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. The Company derives its income principally from interest earned on loans and, to a lesser extent, income from securities available for sale and securities held to maturity. The Company also derives income from noninterest sources, such as fees received in connection with various deposit services, mortgage banking operations and investment advisory services.

Independent Bank Gr's Financial Performance

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Decline in Revenue: Over the 3 months period, Independent Bank Gr faced challenges, resulting in a decline of approximately -6.88% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.

Net Margin: Independent Bank Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -414.25%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Independent Bank Gr's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -22.86%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Independent Bank Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.64%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.25.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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