Veritex Holdings Inc (VBTX) Given Average Recommendation of “Buy” by Analysts

Shares of Veritex Holdings Inc (NASDAQ:VBTX) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.33.

A number of analysts have recently issued reports on VBTX shares. BidaskClub cut Veritex from a “sell” rating to a “strong sell” rating in a research report on Friday, October 19th. Stephens set a $39.00 price objective on Veritex and gave the company a “buy” rating in a research report on Monday, October 22nd. Raymond James cut their price objective on Veritex from $33.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. ValuEngine cut Veritex from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research cut Veritex from a “hold” rating to a “strong sell” rating in a research report on Friday, October 26th.

In other news, Director Gordon Huddleston purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average cost of $26.04 per share, with a total value of $26,040.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Malcolm Holland III sold 3,750 shares of Veritex stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $25.62, for a total value of $96,075.00. Following the sale, the chief executive officer now directly owns 93,046 shares of the company’s stock, valued at $2,383,838.52. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in VBTX. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Veritex by 48.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 714 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Veritex during the 4th quarter worth $94,000. Advisors Asset Management Inc. bought a new position in Veritex during the 3rd quarter worth $112,000. SG Americas Securities LLC bought a new position in Veritex during the 4th quarter worth $121,000. Finally, Panagora Asset Management Inc. bought a new position in Veritex during the 3rd quarter worth $151,000. 78.26% of the stock is owned by institutional investors and hedge funds.

Shares of VBTX traded up $0.15 during mid-day trading on Monday, reaching $27.00. The company’s stock had a trading volume of 326,900 shares, compared to its average volume of 333,600. Veritex has a 1-year low of $20.34 and a 1-year high of $33.08. The stock has a market cap of $648.88 million, a price-to-earnings ratio of 14.67, a PEG ratio of 1.67 and a beta of 1.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Veritex had a return on equity of 7.86% and a net margin of 25.19%. The company had revenue of $32.31 million during the quarter, compared to analysts’ expectations of $30.73 million. As a group, analysts expect that Veritex will post 2.3 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, February 6th. Veritex’s payout ratio is currently 27.17%.

Veritex Company Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

See Also: Consumer Price Index (CPI)

Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit