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

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

Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies reissued a “hold” rating and set a $29.00 price target on shares of Veritex Holdings in a research note on Friday, July 14th. Zacks Investment Research raised shares of Veritex Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.83.

Veritex Holdings (VBTX) traded down 0.15% during midday trading on Tuesday, hitting $26.03. The stock had a trading volume of 85,453 shares. Veritex Holdings has a 52 week low of $15.46 and a 52 week high of $29.43. The company has a market cap of $396.02 million, a PE ratio of 26.43 and a beta of 1.66. The stock’s 50 day moving average price is $26.69 and its 200-day moving average price is $27.22.

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

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A number of large investors have recently modified their holdings of the stock. Stifel Financial Corp increased its stake in shares of Veritex Holdings by 1.0% in the second quarter. Stifel Financial Corp now owns 32,029 shares of the financial services provider’s stock valued at $846,000 after buying an additional 302 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $332,000 after buying an additional 491 shares in the last quarter. Nationwide Fund Advisors increased its stake 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 valued at $232,000 after buying an additional 2,128 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Veritex Holdings by 10.0% in the second quarter. California State Teachers Retirement System now owns 25,317 shares of the financial services provider’s stock valued at $667,000 after buying an additional 2,300 shares in the last quarter. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Veritex Holdings by 18.1% in the second quarter. Monarch Partners Asset Management LLC now owns 19,750 shares of the financial services provider’s stock valued at $520,000 after buying an additional 3,030 shares in the last quarter. 73.68% of the stock is owned by hedge funds and other 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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