Piper Jaffray Companies reissued their hold rating on shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in a research note issued to investors on Friday, July 14th. Piper Jaffray Companies currently has a $29.00 price target on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on VBTX. DA Davidson assumed coverage on shares of Veritex Holdings in a research report on Tuesday, March 21st. They issued a buy rating and a $34.00 target price on the stock. Zacks Investment Research downgraded shares of Veritex Holdings from a hold rating to a sell rating in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $31.83.
Veritex Holdings (NASDAQ:VBTX) opened at 25.64 on Friday. Veritex Holdings has a 12 month low of $15.46 and a 12 month high of $29.43. The stock has a 50 day moving average price of $26.70 and a 200 day moving average price of $27.26. The stock has a market capitalization of $390.09 million, a PE ratio of 26.03 and a beta of 1.66.
Veritex Holdings (NASDAQ:VBTX) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Veritex Holdings had a net margin of 22.61% and a return on equity of 6.09%. The firm had revenue of $14.14 million for the quarter, compared to analyst estimates of $16.40 million. On average, equities research analysts forecast that Veritex Holdings will post $1.06 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Lebenthal Lisanti Capital Growth LLC raised its position in Veritex Holdings by 97.9% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 51,203 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 25,333 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Veritex Holdings by 37.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 25,500 shares of the financial services provider’s stock worth $672,000 after buying an additional 6,900 shares in the last quarter. Monarch Partners Asset Management LLC raised its position in Veritex Holdings by 18.1% in the second quarter. Monarch Partners Asset Management LLC now owns 19,750 shares of the financial services provider’s stock worth $520,000 after buying an additional 3,030 shares in the last quarter. First Trust Advisors LP raised its position in Veritex Holdings by 224.2% in the second quarter. First Trust Advisors LP now owns 34,672 shares of the financial services provider’s stock worth $913,000 after buying an additional 23,977 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Veritex Holdings by 66.4% in the second quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock worth $390,000 after buying an additional 5,911 shares during the last quarter. Institutional investors own 72.91% of the company’s stock.
About Veritex Holdings
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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