Veritex Holdings Inc (NASDAQ:VBTX) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.75.
A number of research analysts have issued reports on VBTX shares. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods started coverage on shares of Veritex in a research report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 price objective on the stock. BidaskClub raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray Companies raised shares of Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st.
Shares of Veritex (VBTX) traded down $0.15 during midday trading on Wednesday, hitting $28.93. 93,333 shares of the company traded hands, compared to its average volume of 116,411. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $701.12, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. Veritex has a 12 month low of $23.84 and a 12 month high of $29.39.
In other news, Vice Chairman William C. Murphy sold 55,690 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $28.93, for a total value of $1,611,111.70. Following the sale, the insider now directly owns 37,111 shares of the company’s stock, valued at approximately $1,073,621.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Clayton Riebe bought 1,775 shares of Veritex stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $28.38 per share, for a total transaction of $50,374.50. The disclosure for this purchase can be found here. 6.90% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Veritex in the 4th quarter worth about $142,000. SG Americas Securities LLC purchased a new stake in shares of Veritex in the 3rd quarter worth about $145,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Veritex in the 4th quarter worth about $179,000. MetLife Investment Advisors LLC purchased a new stake in shares of Veritex in the 4th quarter worth about $198,000. Finally, Nationwide Fund Advisors grew its position in shares of Veritex by 31.8% in the 2nd quarter. Nationwide Fund Advisors now owns 8,819 shares of the financial services provider’s stock worth $232,000 after buying an additional 2,128 shares during the period. 65.60% of the stock is currently owned by hedge funds and other institutional investors.
Veritex 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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