Shares of Veritex Holdings Inc (NASDAQ:VBTX) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.50.

A number of equities research analysts have commented on VBTX shares. BidaskClub lowered Veritex from a “sell” rating to a “strong sell” rating in a research report on Friday, October 19th. Raymond James started coverage on Veritex in a research report on Tuesday, October 2nd. They set an “outperform” rating and a $33.00 price objective for the company. Stephens set a $39.00 price objective on Veritex and gave the stock a “buy” rating in a research report on Monday, October 22nd. Sandler O’Neill restated a “buy” rating and set a $37.00 price objective on shares of Veritex in a research report on Thursday, July 26th. Finally, ValuEngine lowered Veritex from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th.

In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $30.60, for a total transaction of $114,750.00. Following the completion of the sale, the chief executive officer now directly owns 92,252 shares in the company, valued at approximately $2,822,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in VBTX. BlackRock Inc. raised its stake in shares of Veritex by 63.9% during the 2nd quarter. BlackRock Inc. now owns 1,496,308 shares of the financial services provider’s stock worth $46,491,000 after purchasing an additional 583,267 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Veritex by 36.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 873,514 shares of the financial services provider’s stock worth $27,140,000 after purchasing an additional 233,746 shares in the last quarter. Millennium Management LLC raised its stake in shares of Veritex by 31.3% during the 2nd quarter. Millennium Management LLC now owns 613,180 shares of the financial services provider’s stock worth $19,052,000 after purchasing an additional 146,177 shares in the last quarter. Broadview Advisors LLC purchased a new stake in shares of Veritex during the 2nd quarter worth about $3,537,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Veritex during the 2nd quarter worth about $3,107,000. Hedge funds and other institutional investors own 76.11% of the company’s stock.

NASDAQ:VBTX opened at $23.59 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 1.01. Veritex has a 1-year low of $20.99 and a 1-year high of $33.08. The firm has a market capitalization of $582.66 million, a P/E ratio of 24.83, a P/E/G ratio of 2.08 and a beta of 1.53.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.10). Veritex had a return on equity of 6.83% and a net margin of 23.12%. The business had revenue of $31.69 million for the quarter, compared to analyst estimates of $30.50 million. Research analysts expect that Veritex will post 1.65 EPS for the current fiscal year.

About Veritex

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Analyst Recommendations for Veritex (NASDAQ:VBTX)

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