Veritex Holdings Inc (NASDAQ:VBTX) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.67.

Several research firms have issued reports on VBTX. Stephens set a $32.00 price objective on shares of Veritex Holdings and gave the company a “buy” rating in a research note on Tuesday. BidaskClub downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Veritex Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $29.00 price objective on shares of Veritex Holdings in a research note on Friday, July 14th.

Shares of Veritex Holdings (NASDAQ:VBTX) traded up 0.2697% during trading on Tuesday, reaching $26.9525. The company had a trading volume of 44,576 shares. Veritex Holdings has a 1-year low of $13.91 and a 1-year high of $29.43. The firm has a market capitalization of $410.06 million, a PE ratio of 27.3629 and a beta of 1.66. The firm has a 50-day moving average of $26.84 and a 200 day moving average of $27.27.

Veritex Holdings (NASDAQ:VBTX) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Veritex Holdings had a net margin of 25.56% and a return on equity of 5.91%. The company had revenue of $14.14 million during the quarter, compared to the consensus estimate of $16.40 million. Analysts expect that Veritex Holdings will post $1.06 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Veritex Holdings by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 68,299 shares of the financial services provider’s stock worth $1,798,000 after buying an additional 8,771 shares during the last quarter. Northpointe Capital LLC boosted its stake in shares of Veritex Holdings by 19.6% in the second quarter. Northpointe Capital LLC now owns 349,386 shares of the financial services provider’s stock worth $9,199,000 after buying an additional 57,321 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Veritex Holdings by 66.4% in the second quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock worth $390,000 after buying an additional 5,911 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Veritex Holdings by 224.2% in the second quarter. First Trust Advisors LP now owns 34,672 shares of the financial services provider’s stock worth $913,000 after buying an additional 23,977 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted 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 worth $520,000 after buying an additional 3,030 shares during the last quarter. 72.91% of the stock is owned by institutional investors and hedge funds.

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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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