Veritex Holdings Inc. (NASDAQ:VBTX) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Veritex Holdings (NASDAQ:VBTX) traded up 0.80% during trading on Monday, hitting $17.72. The stock had a trading volume of 38,119 shares. The stock has a market cap of $189.59 million, a PE ratio of 17.63 and a beta of 1.55. Veritex Holdings has a 1-year low of $12.35 and a 1-year high of $18.00. The firm’s 50-day moving average price is $17.24 and its 200-day moving average price is $16.26.

Veritex Holdings (NASDAQ:VBTX) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Veritex Holdings had a return on equity of 8.29% and a net margin of 23.69%. On average, equities research analysts predict that Veritex Holdings will post $1.16 earnings per share for the current fiscal year.

About Veritex Holdings

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

5 Day Chart for NASDAQ:VBTX

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