Veritex Holdings, Inc. (NASDAQ:VBTX) has been given a $32.00 price objective by equities research analysts at Stephens in a report issued on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. Stephens’ price objective points to a potential upside of 19.05% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on VBTX. Zacks Investment Research cut Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. 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. Finally, BidaskClub cut Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Veritex Holdings presently has an average rating of “Hold” and an average price target of $31.67.

Shares of Veritex Holdings (VBTX) traded down 0.89% during trading on Tuesday, hitting $26.64. 38,184 shares of the stock traded hands. Veritex Holdings has a 1-year low of $13.91 and a 1-year high of $29.43. The stock has a market cap of $405.30 million, a price-to-earnings ratio of 27.05 and a beta of 1.66. The stock has a 50 day moving average price of $26.84 and a 200-day moving average price of $27.27.

Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. The business had revenue of $14.14 million for the quarter, compared to analysts’ expectations of $16.40 million. Equities analysts forecast that Veritex Holdings will post $1.06 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Lebenthal Lisanti Capital Growth LLC boosted its stake in shares of Veritex Holdings by 97.9% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 51,203 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 25,333 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Veritex Holdings by 37.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 25,500 shares of the financial services provider’s stock valued at $672,000 after buying an additional 6,900 shares in the last quarter. 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 valued at $520,000 after buying an additional 3,030 shares in 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 valued at $913,000 after buying an additional 23,977 shares in the last quarter. Finally, 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 valued at $390,000 after buying an additional 5,911 shares in the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.

About Veritex Holdings

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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