Veritex Holdings, Inc. (NASDAQ:VBTX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) have been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.00.

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. DA Davidson upped their price target on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th.

Insider Activity

In related news, Director John Sughrue sold 16,820 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the transaction, the director now directly owns 62,643 shares of the company’s stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Veritex

A number of institutional investors have recently bought and sold shares of the stock. Sippican Capital Advisors raised its stake in Veritex by 0.4% in the third quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider’s stock worth $2,612,000 after buying an additional 400 shares in the last quarter. GAMMA Investing LLC raised its stake in Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after buying an additional 431 shares in the last quarter. Franklin Resources Inc. raised its stake in Veritex by 1.0% in the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock worth $1,920,000 after buying an additional 701 shares in the last quarter. Point72 DIFC Ltd raised its stake in Veritex by 16.5% in the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock worth $122,000 after buying an additional 816 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Veritex during the fourth quarter valued at approximately $32,000. 88.31% of the stock is owned by institutional investors.

Veritex Trading Up 0.6 %

NASDAQ:VBTX opened at $26.49 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.44 billion, a PE ratio of 16.98 and a beta of 1.38. The firm’s 50 day moving average is $28.10 and its 200 day moving average is $26.23. Veritex has a 12 month low of $18.08 and a 12 month high of $31.62.

Veritex Company Profile

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.