Veritex Holdings, Inc. (VBTX) Receives $31.83 Consensus PT from Analysts
Veritex Holdings, Inc. (NASDAQ:VBTX) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.83.
A number of research firms have commented on VBTX. Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 target price (up previously from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. Stephens set a $32.00 target price on Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub downgraded Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Veritex Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Shares of Veritex Holdings (NASDAQ VBTX) traded up 0.60% during trading on Wednesday, reaching $26.96. The company’s stock had a trading volume of 188,730 shares. The stock has a 50 day moving average of $25.95 and a 200-day moving average of $26.78. Veritex Holdings has a 1-year low of $15.46 and a 1-year high of $29.43. The company has a market capitalization of $410.17 million, a PE ratio of 27.37 and a beta of 1.67.
Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. The firm had revenue of $14.14 million for the quarter, compared to the consensus estimate of $16.40 million. On average, analysts expect that Veritex Holdings will post $1.06 earnings per share for the current year.
In other Veritex Holdings news, insider Ned N. Fleming III sold 55,134 shares of Veritex Holdings stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $26.16, for a total value of $1,442,305.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ned N. Fleming III sold 16,503 shares of Veritex Holdings stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $26.76, for a total value of $441,620.28. The disclosure for this sale can be found here. Insiders sold 236,603 shares of company stock worth $6,136,015 in the last 90 days. Company insiders own 9.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. purchased a new stake in Veritex Holdings in the second quarter valued at $527,000. California State Teachers Retirement System raised its position in Veritex Holdings by 10.0% in the second quarter. California State Teachers Retirement System now owns 25,317 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 2,300 shares during the period. The Manufacturers Life Insurance Company raised its position in Veritex Holdings by 52.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 4,304 shares during the period. State Street Corp raised its position in Veritex Holdings by 41.3% in the second quarter. State Street Corp now owns 248,839 shares of the financial services provider’s stock valued at $6,550,000 after purchasing an additional 72,729 shares during the period. Finally, Jacobs Asset Management LLC raised its position in Veritex Holdings by 36.4% in the second quarter. Jacobs Asset Management LLC now owns 306,989 shares of the financial services provider’s stock valued at $8,083,000 after purchasing an additional 81,989 shares during the period. Institutional investors own 52.17% of the company’s stock.
Veritex Holdings Company Profile
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.
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