Analysts Set Veritex Holdings, Inc. (NASDAQ:VBTX) PT at $29.40

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $30.00.

A number of brokerages have weighed in on VBTX. Piper Sandler raised their target price on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. DA Davidson increased their price target on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In other Veritex news, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Veritex

A number of large investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Veritex in the 4th quarter worth approximately $45,000. KBC Group NV grew its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,621 shares during the period. True North Advisors LLC bought a new stake in shares of Veritex during the 4th quarter valued at $443,000. USA Financial Formulas bought a new stake in shares of Veritex during the 4th quarter valued at $32,000. Finally, GAMMA Investing LLC grew its position in shares of Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 431 shares during the period. Institutional investors own 88.31% of the company’s stock.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $26.49 on Monday. Veritex has a fifty-two week low of $18.08 and a fifty-two week high of $31.62. The company has a 50 day simple moving average of $28.10 and a two-hundred day simple moving average of $26.23. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95.

Veritex Company Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.