Analyst Ratings for Independent Bank Group Inc. (IBTX)

Updated: 2017-07-28

Analysts covering Independent Bank Group Inc. (NASDAQ:IBTX) have given it a consensus rating of Overweight. IBTX had previously received a consensus rating of Overweight a month ago.

4 analysts declared IBTX a buy, 1 issued an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for IBTX. The most optimistic price target was 75, implying a possible profit of 25 percent. The most pessimistic price target was 67, which equates to a potential downside of 11.67 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.11 percent. The average change in earnings estimates over the last 90 days is 0.55 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.71 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.

IBTX has an estimated earnings growth rate of 13.07 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. IBTX has a PEG ratio of 1.52.

IBTX has a 52-week high of 66.85 and a 52-week low of 40.39. Today's price is 48.55 percent above the 52-week low, and 10.25 percent lower than its 52-week high. IBTX has a price/earnings ratio of 19.81. Investors typically compare the P/E ratio to a company's peers in the industry. The IBTX value stock report compares IBTX to some of its peers using value stock charts. The market cap of IBTX is $1.67 billion. IBTX will post this quarters earnings in days, on 0000-00-00.