Veritex (VBTX) Lifted to Hold at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Veritex (NASDAQ:VBTX) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

A number of other analysts have also commented on the company. BidaskClub upgraded Veritex from a sell rating to a hold rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded Veritex from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Friday, March 1st. Finally, Stephens set a $31.00 price target on Veritex and gave the company a buy rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Veritex has an average rating of Buy and a consensus target price of $32.00.

VBTX stock opened at $26.22 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.71. Veritex has a 1-year low of $20.34 and a 1-year high of $33.08.

Veritex (NASDAQ:VBTX) last posted its earnings results on Monday, January 28th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $32.31 million for the quarter, compared to analyst estimates of $30.73 million. Veritex had a return on equity of 7.86% and a net margin of 25.19%. Analysts predict that Veritex will post 2.53 earnings per share for the current year.

In other news, Director Gordon Huddleston acquired 1,000 shares of Veritex stock in a transaction dated Thursday, January 31st. The stock was bought at an average price of $26.04 per share, for a total transaction of $26,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark C. Griege acquired 25,000 shares of Veritex stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $26.00 per share, with a total value of $650,000.00. Following the acquisition, the director now owns 66,262 shares of the company’s stock, valued at $1,722,812. The disclosure for this purchase can be found here. 4.70% of the stock is owned by insiders.

Several large investors have recently modified their holdings of VBTX. BlackRock Inc. boosted its holdings in shares of Veritex by 102.0% during the fourth quarter. BlackRock Inc. now owns 3,449,209 shares of the financial services provider’s stock worth $73,743,000 after acquiring an additional 1,741,453 shares during the period. Mendon Capital Advisors Corp boosted its stake in shares of Veritex by 112.8% in the fourth quarter. Mendon Capital Advisors Corp now owns 1,591,930 shares of the financial services provider’s stock valued at $34,035,000 after buying an additional 843,754 shares during the period. First Manhattan Co. bought a new stake in shares of Veritex in the first quarter valued at approximately $12,722,000. Principal Financial Group Inc. boosted its stake in shares of Veritex by 3,199.8% in the fourth quarter. Principal Financial Group Inc. now owns 392,672 shares of the financial services provider’s stock valued at $8,395,000 after buying an additional 380,772 shares during the period. Finally, Peregrine Capital Management LLC bought a new stake in shares of Veritex in the first quarter valued at approximately $9,004,000. Institutional investors own 89.90% of the company’s stock.

About Veritex

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

Further Reading: Calculate Your Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SpeedCash  Price Down 40.6% This Week
SpeedCash Price Down 40.6% This Week
LINA  Price Up 0.6% Over Last 7 Days
LINA Price Up 0.6% Over Last 7 Days
Tanger Factory Outlet Centers  Hits New 1-Year Low at $17.72
Tanger Factory Outlet Centers Hits New 1-Year Low at $17.72
TEMCO Hits Market Capitalization of $4.07 Million
TEMCO Hits Market Capitalization of $4.07 Million
Franklin Resources, Inc.  Receives Average Recommendation of “Hold” from Analysts
Franklin Resources, Inc. Receives Average Recommendation of “Hold” from Analysts
TrezarCoin Reaches 24-Hour Volume of $373.00
TrezarCoin Reaches 24-Hour Volume of $373.00


 
© 2006-2019 Zolmax.