Veritex (VBTX) to Release Earnings on Tuesday

Veritex (NASDAQ:VBTX) will likely be releasing its earnings data after the market closes on Tuesday, January 28th. Analysts expect Veritex to post earnings of $0.56 per share and revenue of $112,222.50 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Veritex Stock Up 0.6 %

Shares of NASDAQ VBTX opened at $26.49 on Monday. Veritex has a 52-week low of $18.08 and a 52-week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The business has a fifty day moving average of $28.10 and a two-hundred day moving average of $26.23. The stock has a market cap of $1.44 billion, a PE ratio of 16.98 and a beta of 1.38.

Insider Activity

In other news, Director John Sughrue sold 16,820 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the transaction, the director now owns 62,643 shares of the company’s stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. DA Davidson raised their price target on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lowered Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Veritex presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.