Veritex (VBTX) to Release Earnings on Tuesday

Veritex (NASDAQ:VBTX) will likely be posting its quarterly earnings results 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Veritex Stock Performance

VBTX stock opened at $26.49 on Monday. The firm has a 50 day moving average of $28.10 and a two-hundred day moving average of $26.23. Veritex has a 12 month low of $18.08 and a 12 month high of $31.62. 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 quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling at Veritex

In other news, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were 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 in the company, 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 can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

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