A number of different brokerages have additionally weighed in on VBTX. Hovde Group lowered their value goal on Veritex to $39.00 in a analysis report on Wednesday, December 14th. Piper Sandler lowered their value goal on Veritex to $36.00 in a analysis report on Thursday, September twenty ninth. Stephens elevated their value goal on Veritex from $32.00 to $38.00 and gave the inventory an “equal weight” score in a analysis report on Thursday, October twenty seventh. Lastly, Raymond James lowered Veritex from an “outperform” score to a “market carry out” score in a analysis report on Thursday, January fifth. One equities analysis analyst has rated the inventory with a promote score, two have assigned a maintain score and two have issued a purchase score to the corporate. Primarily based on knowledge from MarketBeat, the inventory at the moment has a consensus score of “Maintain” and a consensus goal value of $37.75.
Veritex Worth Efficiency
VBTX stock opened at $27.97 on Tuesday. The corporate has a debt-to-equity ratio of 0.98, a present ratio of 1.05 and a fast ratio of 1.05. The enterprise has a 50 day easy shifting common of $30.10 and a 200-day easy shifting common of $29.91. The agency has a market capitalization of $1.51 billion, a PE ratio of 9.99 and a beta of 1.48. Veritex has a 1 12 months low of $26.14 and a 1 12 months excessive of $43.33.
Veritex (NASDAQ:VBTX – Get Rating) final posted its quarterly earnings outcomes on Tuesday, October twenty fifth. The monetary companies supplier reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The enterprise had income of $114.06 million through the quarter, in comparison with analyst estimates of $109.70 million. Veritex had a return on fairness of 10.70% and a internet margin of 33.87%. Equities analysis analysts anticipate that Veritex will put up 2.88 earnings per share for the present fiscal 12 months.
Insider Transactions at Veritex
In different information, Director Fallon William bought 2,000 shares of the inventory in a transaction dated Tuesday, November twenty ninth. The inventory was acquired at a median price of $32.14 per share, for a complete transaction of $64,280.00. Following the completion of the transaction, the director now instantly owns 3,000 shares within the firm, valued at roughly $96,420. The acquisition was disclosed in a submitting with the SEC, which is obtainable at this hyperlink. Firm insiders personal 3.38% of the corporate’s inventory.
Institutional Buying and selling of Veritex
Hedge funds have not too long ago modified their holdings of the inventory. Rhumbline Advisers raised its stake in shares of Veritex by 14.1% within the second quarter. Rhumbline Advisers now owns 146,581 shares of the monetary companies supplier’s inventory valued at $4,289,000 after buying an extra 18,115 shares within the final quarter. Aristotle Capital Boston LLC raised its stake in Veritex by 3.3% within the second quarter. Aristotle Capital Boston LLC now owns 831,790 shares of the monetary companies supplier’s inventory valued at $24,338,000 after shopping for an extra 26,892 shares within the final quarter. Mount Yale Funding Advisors LLC raised its stake in Veritex by 9.9% within the second quarter. Mount Yale Funding Advisors LLC now owns 7,535 shares of the monetary companies supplier’s inventory valued at $220,000 after shopping for an extra 676 shares within the final quarter. Sei Investments Co. raised its stake in Veritex by 3.9% within the second quarter. Sei Investments Co. now owns 517,182 shares of the monetary companies supplier’s inventory valued at $15,136,000 after shopping for an extra 19,406 shares within the final quarter. Lastly, TD Asset Administration Inc. raised its stake in Veritex by 38.2% within the second quarter. TD Asset Administration Inc. now owns 38,692 shares of the monetary companies supplier’s inventory valued at $1,132,000 after shopping for an extra 10,698 shares within the final quarter. 85.86% of the inventory is at the moment owned by institutional traders and hedge funds.
Veritex Holdings, Inc operates because the financial institution holding firm for Veritex Group Financial institution that gives numerous industrial banking services to small and medium-sized companies, and professionals. The corporate accepts deposit merchandise embrace demand, financial savings, cash market, and time accounts. Its mortgage merchandise embrace industrial actual property and normal industrial, mortgage warehouse loans, residential actual property, development and land, farmland, shopper, paycheck safety program, 1-4 household residential, agricultural, multi-family residential, and shopper loans, in addition to bought receivables financing.
Really useful Tales
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