Veritex Holdings, Inc. (VBTX) Given Hold Rating at Piper Jaffray Companies

Piper Jaffray Companies reissued their hold rating on shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in a research note published on Friday. They currently have a $29.00 price target on the financial services provider’s stock.

VBTX has been the subject of several other research reports. DA Davidson initiated coverage on Veritex Holdings in a research note on Tuesday, March 21st. They set a buy rating and a $34.00 target price for the company. Zacks Investment Research cut Veritex Holdings from a hold rating to a sell rating in a research note on Tuesday, May 23rd.

Veritex Holdings (VBTX) traded up 0.04% during trading on Friday, reaching $26.71. The company had a trading volume of 25,111 shares. The company’s 50-day moving average is $26.52 and its 200 day moving average is $27.10. Veritex Holdings has a 52 week low of $13.91 and a 52 week high of $29.43. The firm has a market capitalization of $406.26 million, a price-to-earnings ratio of 25.56 and a beta of 1.68.

Veritex Holdings (NASDAQ:VBTX) last posted its earnings results on Monday, April 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The business had revenue of $12.79 million for the quarter, compared to analyst estimates of $12.40 million. Veritex Holdings had a return on equity of 6.73% and a net margin of 23.11%. Equities analysts anticipate that Veritex Holdings will post $1.14 EPS for the current year.

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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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