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.
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.
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