Somewhat Negative News Coverage Somewhat Unlikely to Affect Veritex Holdings (VBTX) Stock Price

Media headlines about Veritex Holdings (NASDAQ:VBTX) have trended somewhat negative on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veritex Holdings earned a media sentiment score of -0.04 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.9255177902816 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Veritex Holdings (NASDAQ VBTX) traded up $0.24 during trading hours on Thursday, reaching $26.72. 148,500 shares of the company were exchanged, compared to its average volume of 89,537. Veritex Holdings has a 52 week low of $19.62 and a 52 week high of $29.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The company has a market cap of $599.74, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.68 and a beta of 1.63.

Veritex Holdings (NASDAQ:VBTX) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Veritex Holdings had a net margin of 21.85% and a return on equity of 5.30%. The firm had revenue of $21.11 million for the quarter, compared to the consensus estimate of $20.80 million. research analysts predict that Veritex Holdings will post 0.99 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 price objective (up from $29.00) on shares of Veritex Holdings in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Veritex Holdings from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered shares of Veritex Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Stephens set a $32.00 price target on shares of Veritex Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Veritex Holdings has a consensus rating of “Hold” and a consensus price target of $31.83.

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In other Veritex Holdings news, insider Ned N. Fleming III sold 50,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $26.93, for a total transaction of $1,346,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ned N. Fleming III sold 118,532 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $25.65, for a total transaction of $3,040,345.80. The disclosure for this sale can be found here. Insiders have sold a total of 454,866 shares of company stock valued at $11,961,631 over the last quarter. 6.90% of the stock is currently owned by company insiders.

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.

Insider Buying and Selling by Quarter for Veritex Holdings (NASDAQ:VBTX)

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