BidaskClub downgraded shares of Veritex (NASDAQ:VBTX) from a hold rating to a sell rating in a report released on Saturday morning, BidAskClub reports.

A number of other research firms have also recently commented on VBTX. Zacks Investment Research upgraded shares of Veritex from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Friday, March 1st. Stephens restated a buy rating and issued a $32.00 price target on shares of Veritex in a report on Tuesday, April 23rd. Finally, ValuEngine cut shares of Veritex from a hold rating to a sell rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $32.25.

VBTX stock opened at $25.48 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.96. Veritex has a twelve month low of $20.34 and a twelve month high of $32.99. The company has a market capitalization of $1.36 billion, a PE ratio of 13.85 and a beta of 1.63. The company’s fifty day moving average price is $26.00.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Veritex had a net margin of 16.31% and a return on equity of 9.11%. The business had revenue of $81.40 million for the quarter, compared to analysts’ expectations of $78.50 million. Equities research analysts forecast that Veritex will post 2.53 earnings per share for the current fiscal year.

In other Veritex news, Director Pat S. Bolin bought 18,771 shares of the company’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $25.80 per share, for a total transaction of $484,291.80. Following the acquisition, the director now directly owns 6,262 shares in the company, valued at $161,559.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Terry Earley bought 6,800 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were acquired at an average price of $25.88 per share, for a total transaction of $175,984.00. Following the completion of the acquisition, the chief financial officer now owns 23,700 shares in the company, valued at $613,356. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 26,571 shares of company stock worth $686,096. Company insiders own 3.92% of the company’s stock.

Institutional investors have recently modified their holdings of the business. LS Investment Advisors LLC grew its holdings in Veritex by 92.1% during the 1st quarter. LS Investment Advisors LLC now owns 1,364 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 654 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Veritex by 142.0% during the first quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Veritex by 24.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock valued at $66,000 after buying an additional 533 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Veritex during the first quarter valued at about $75,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Veritex during the first quarter valued at about $78,000. Institutional investors own 75.97% of the company’s stock.

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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