Veritex (NASDAQ:VBTX - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04, Yahoo Finance reports. Veritex had a return on equity of 7.97% and a net margin of 11.52%. The business had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Veritex's revenue for the quarter was up 3.8% on a year-over-year basis.
Veritex Price Performance
Shares of Veritex stock traded up $0.54 during trading on Wednesday, hitting $27.88. The stock had a trading volume of 610,676 shares, compared to its average volume of 404,085. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.43 and a beta of 1.37. Veritex has a 12 month low of $15.93 and a 12 month high of $28.46. The business's 50-day moving average is $25.18 and its 200 day moving average is $22.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.
Analysts Set New Price Targets
Several equities research analysts have issued reports on VBTX shares. DA Davidson restated a "buy" rating and set a $29.00 target price on shares of Veritex in a research report on Wednesday, August 28th. StockNews.com downgraded Veritex from a "hold" rating to a "sell" rating in a research report on Tuesday. Piper Sandler increased their target price on Veritex from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Stephens increased their target price on Veritex from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 25th. Finally, Raymond James upgraded Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 target price on the stock in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.00.
Get Our Latest Stock Report on VBTX
About Veritex
(
Get Free Report)
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.
Featured Articles
Before you consider Veritex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veritex wasn't on the list.
While Veritex currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
