Stephens reissued their equal weight rating on shares of Veritex (NASDAQ:VBTX - Free Report) in a research note issued to investors on Wednesday morning, Benzinga reports. Stephens currently has a $24.00 target price on the financial services provider's stock.
VBTX has been the topic of several other reports. StockNews.com downgraded shares of Veritex from a hold rating to a sell rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods lowered their target price on shares of Veritex from $29.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, January 25th. Finally, Piper Sandler lifted their target price on shares of Veritex from $23.50 to $25.00 and gave the company an overweight rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $24.13.
Read Our Latest Research Report on VBTX
Veritex Stock Up 0.1 %
Shares of NASDAQ VBTX traded up $0.02 during mid-day trading on Wednesday, reaching $20.79. The company had a trading volume of 618,472 shares, compared to its average volume of 428,053. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $20.28. The stock has a market cap of $1.13 billion, a P/E ratio of 10.38 and a beta of 1.34. Veritex has a 52-week low of $14.88 and a 52-week high of $24.46.
Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). Veritex had a return on equity of 9.47% and a net margin of 14.51%. The business had revenue of $191.25 million for the quarter, compared to analysts' expectations of $109.70 million. During the same period in the previous year, the business posted $0.79 earnings per share. Sell-side analysts predict that Veritex will post 2.24 earnings per share for the current year.
Institutional Trading of Veritex
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lmcg Investments LLC lifted its stake in shares of Veritex by 0.4% in the third quarter. Lmcg Investments LLC now owns 149,671 shares of the financial services provider's stock valued at $2,687,000 after purchasing an additional 638 shares during the period. Dark Forest Capital Management LP lifted its stake in shares of Veritex by 6.3% in the third quarter. Dark Forest Capital Management LP now owns 21,306 shares of the financial services provider's stock valued at $382,000 after purchasing an additional 1,263 shares during the period. Swiss National Bank lifted its stake in shares of Veritex by 1.1% in the third quarter. Swiss National Bank now owns 119,217 shares of the financial services provider's stock valued at $2,140,000 after purchasing an additional 1,300 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Veritex by 1.6% in the third quarter. Public Employees Retirement System of Ohio now owns 117,957 shares of the financial services provider's stock valued at $2,117,000 after purchasing an additional 1,834 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Veritex in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 88.31% of the company's stock.
About Veritex
(
Get Free Report)
Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.
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