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Independent Bank Gr
IBTXNASDAQ
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Independent Bank Gr (NASDAQ:IBTX) Stock, Analyst Ratings, Price Targets, Forecasts
Independent Bank Group Inc has a consensus price target of $54 based on the ratings of 10 analysts. The high is $59 issued by Raymond James on January 24, 2024. The low is $44 issued by Piper Sandler on July 26, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Truist Securities, and Piper Sandler on July 9, 2024, July 8, 2024, and May 31, 2024, respectively. With an average price target of $54.33 between Keefe, Bruyette & Woods, Truist Securities, and Piper Sandler, there's an implied -3.72% downside for Independent Bank Group Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
Truist Securities
Piper Sandler
Stephens & Co.
Keefe, Bruyette & Woods
1calculated from analyst ratings
Analyst Ratings for Independent Bank Gr
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/09/2024 | Buy Now | 1.01% | Keefe, Bruyette & Woods | Catherine Mealor | $46 → $57 | Maintains | Outperform | Get Alert |
| 07/08/2024 | Buy Now | -14.94% | Truist Securities | Brandon King | $50 → $48 | Maintains | Hold | Get Alert |
| 05/31/2024 | Buy Now | 2.78% | Piper Sandler | Stephen Scouten | $38 → $58 | Upgrade | Underweight → Overweight | Get Alert |
| 05/29/2024 | Buy Now | -11.39% | Truist Securities | Brandon King | $46 → $50 | Downgrade | Buy → Hold | Get Alert |
| 04/26/2024 | Buy Now | -18.48% | Keefe, Bruyette & Woods | Catherine Mealor | $55 → $46 | Maintains | Outperform | Get Alert |
| 04/25/2024 | Buy Now | -18.48% | Truist Securities | Brandon King | $52 → $46 | Maintains | Buy | Get Alert |
| 04/24/2024 | Buy Now | -32.66% | Piper Sandler | Stephen Scouten | $48 → $38 | Downgrade | Neutral → Underweight | Get Alert |
| 04/23/2024 | Buy Now | -2.53% | Stephens & Co. | Matt Olney | → $55 | Reiterates | Overweight → Overweight | Get Alert |
| 04/01/2024 | Buy Now | -7.85% | Truist Securities | Brandon King | $58 → $52 | Maintains | Buy | Get Alert |
| 01/24/2024 | Buy Now | -2.53% | Keefe, Bruyette & Woods | Brady Gailey | $53 → $55 | Maintains | Outperform | Get Alert |
| 01/24/2024 | Buy Now | 4.55% | Raymond James | Michael Rose | $56 → $59 | Maintains | Outperform | Get Alert |
| 01/23/2024 | Buy Now | 8.1% | Stephens & Co. | Matt Olney | → $61 | Reiterates | Overweight → Overweight | Get Alert |
| 01/05/2024 | Buy Now | -0.76% | Raymond James | Michael Rose | → $56 | Upgrade | Market Perform → Outperform | Get Alert |
| 12/15/2023 | Buy Now | -0.76% | Truist Securities | Michael Young | $42 → $56 | Maintains | Buy | Get Alert |
| 10/25/2023 | Buy Now | -18.48% | Stephens & Co. | Matt Olney | $47 → $46 | Maintains | Overweight | Get Alert |
| 07/26/2023 | Buy Now | -16.71% | Truist Securities | Brandon King | $40 → $47 | Maintains | Buy | Get Alert |
| 07/26/2023 | Buy Now | -11.39% | Keefe, Bruyette & Woods | Brady Gailey | $60 → $50 | Maintains | Outperform | Get Alert |
| 07/26/2023 | Buy Now | -22.03% | Piper Sandler | Brad Milsaps | $40 → $44 | Downgrade | Overweight → Neutral | Get Alert |
| 07/25/2023 | Buy Now | -27.34% | Stephens & Co. | Matt Olney | → $41 | Reiterates | Overweight → Overweight | Get Alert |
| 06/29/2023 | Buy Now | -29.12% | Truist Securities | Brandon King | $43 → $40 | Maintains | Buy | Get Alert |
| 04/26/2023 | Buy Now | -23.8% | Truist Securities | Brandon King | $53 → $43 | Maintains | Buy | Get Alert |
| 04/26/2023 | Buy Now | -14.94% | Piper Sandler | Brad Milsaps | $55 → $48 | Maintains | Overweight | Get Alert |
| 04/25/2023 | Buy Now | -0.76% | Stephens & Co. | Matt Olney | → $56 | Reiterates | → Overweight | Get Alert |
| 01/25/2023 | Buy Now | 15.19% | Truist Securities | Brandon King | $70 → $65 | Maintains | Buy | Get Alert |
| 10/26/2022 | Buy Now | — | Hovde Group | Will Curtiss | — | Downgrade | Outperform → Market Perform | Get Alert |
| 09/16/2022 | Buy Now | 32.91% | Piper Sandler | Brad Milsaps | $78 → $75 | Maintains | Overweight | Get Alert |
| 07/06/2022 | Buy Now | 34.68% | Truist Securities | Brandon King | $85 → $76 | Maintains | Buy | Get Alert |
| 03/09/2022 | Buy Now | — | Janney Montgomery Scott | John Rodis | — | Initiates | → Neutral | Get Alert |
| 01/26/2022 | Buy Now | 50.63% | Truist Securities | Michael Young | $80 → $85 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Independent Bank Gr (IBTX) stock?
The latest price target for Independent Bank Gr (NASDAQ:IBTX) was reported by Keefe, Bruyette & Woods on July 9, 2024. The analyst firm set a price target for $57.00 expecting IBTX to rise to within 12 months (a possible 1.01% upside). 19 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Independent Bank Gr (IBTX)?
The latest analyst rating for Independent Bank Gr (NASDAQ:IBTX) was provided by Keefe, Bruyette & Woods, and Independent Bank Gr maintained their outperform rating.
When was the last upgrade for Independent Bank Gr (IBTX)?
The last upgrade for Independent Bank Group Inc happened on May 31, 2024 when Piper Sandler raised their price target to $58. Piper Sandler previously had an underweight for Independent Bank Group Inc.
When was the last downgrade for Independent Bank Gr (IBTX)?
The last downgrade for Independent Bank Group Inc happened on May 29, 2024 when Truist Securities changed their price target from $46 to $50 for Independent Bank Group Inc.
When is the next analyst rating going to be posted or updated for Independent Bank Gr (IBTX)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Independent Bank Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Independent Bank Gr was filed on July 9, 2024 so you should expect the next rating to be made available sometime around July 9, 2025.
Is the Analyst Rating Independent Bank Gr (IBTX) correct?
While ratings are subjective and will change, the latest Independent Bank Gr (IBTX) rating was a maintained with a price target of $46.00 to $57.00. The current price Independent Bank Gr (IBTX) is trading at is $56.43, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.