Veritex Holdings, Inc. (VBTX) Given a $32.00 Price Target by Stephens Analysts

Veritex Holdings, Inc. (NASDAQ:VBTX) has been assigned a $32.00 price objective by equities researchers at Stephens in a report issued on Tuesday, August 8th. The firm presently has a “buy” rating on the financial services provider’s stock. Stephens’ price objective would indicate a potential upside of 22.94% from the company’s previous close.

Several other brokerages have also weighed in on VBTX. BidaskClub lowered Veritex Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Veritex Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $29.00 target price on shares of Veritex Holdings in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.83.

Veritex Holdings (NASDAQ VBTX) traded down 0.15% during trading on Tuesday, hitting $26.03. 85,453 shares of the stock traded hands. The stock has a market cap of $396.02 million, a P/E ratio of 26.43 and a beta of 1.66. The firm’s 50-day moving average is $26.69 and its 200-day moving average is $27.22. Veritex Holdings has a 12 month low of $15.46 and a 12 month high of $29.43.

Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $14.14 million during the quarter, compared to analyst estimates of $16.40 million. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. On average, analysts forecast that Veritex Holdings will post $1.06 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors raised its position in shares of Veritex Holdings by 31.8% in the second quarter. Nationwide Fund Advisors now owns 8,819 shares of the financial services provider’s stock worth $232,000 after buying an additional 2,128 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Veritex Holdings by 50.3% in the second quarter. TIAA CREF Investment Management LLC now owns 38,654 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 12,930 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Veritex Holdings by 45.6% in the second quarter. Teachers Advisors LLC now owns 25,647 shares of the financial services provider’s stock worth $675,000 after buying an additional 8,031 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Veritex Holdings by 4.1% in the second quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock worth $332,000 after buying an additional 491 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of Veritex Holdings by 76.6% in the second quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock valued at $8,723,000 after buying an additional 143,718 shares during the last quarter. 73.68% of the stock is currently owned by institutional investors.

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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