BidaskClub cut shares of Veritex Holdings, Inc. (NASDAQ:VBTX) from a hold rating to a sell rating in a research note issued to investors on Monday, July 31st.
A number of other equities analysts have also weighed in on VBTX. Zacks Investment Research lowered Veritex Holdings from a hold rating to a sell rating in a research note on Tuesday, May 23rd. Piper Jaffray Companies reiterated a hold rating and set a $29.00 target price on shares of Veritex Holdings in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $31.83.
Veritex Holdings (NASDAQ VBTX) opened at 26.03 on Monday. The stock has a 50 day moving average of $26.69 and a 200-day moving average of $27.22. The firm has a market capitalization of $396.02 million, a PE ratio of 26.43 and a beta of 1.66. Veritex Holdings has a one year low of $15.46 and a one year high of $29.43.
Veritex Holdings (NASDAQ:VBTX) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $14.14 million for 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, equities analysts predict that Veritex Holdings will post $1.06 EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. Kennedy Capital Management Inc. raised its position in 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 worth $8,723,000 after buying an additional 143,718 shares during the period. Banc Funds Co. LLC raised its position in Veritex Holdings by 21.6% in the second quarter. Banc Funds Co. LLC now owns 596,442 shares of the financial services provider’s stock worth $15,704,000 after buying an additional 106,000 shares during the period. Jacobs Asset Management LLC raised its position in Veritex Holdings by 36.4% in the second quarter. Jacobs Asset Management LLC now owns 306,989 shares of the financial services provider’s stock worth $8,083,000 after buying an additional 81,989 shares during the period. State Street Corp increased its stake in shares of Veritex Holdings by 41.3% in the second quarter. State Street Corp now owns 248,839 shares of the financial services provider’s stock worth $6,550,000 after buying an additional 72,729 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Veritex Holdings by 53.8% in the second quarter. Dimensional Fund Advisors LP now owns 198,487 shares of the financial services provider’s stock worth $5,226,000 after buying an additional 69,427 shares in the last quarter. Hedge funds and other institutional investors own 73.68% 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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