Veritex (NASDAQ:VBTX) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, March 1st. Stephens set a $31.00 target price on shares of Veritex and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Veritex currently has a consensus rating of “Buy” and an average target price of $32.00.

Shares of VBTX opened at $25.89 on Friday. Veritex has a 12 month low of $20.34 and a 12 month high of $33.08. The firm has a market cap of $1.41 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08.

Veritex (NASDAQ:VBTX) last announced its earnings results on Monday, January 28th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Veritex had a net margin of 25.19% and a return on equity of 7.86%. The business had revenue of $32.31 million during the quarter, compared to analysts’ expectations of $30.73 million. As a group, equities research analysts predict that Veritex will post 2.34 EPS for the current year.

In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $28.11, for a total value of $105,412.50. Following the completion of the sale, the chief executive officer now owns 104,277 shares in the company, valued at $2,931,226.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gordon Huddleston purchased 1,000 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was purchased at an average price of $26.04 per share, with a total value of $26,040.00. The disclosure for this purchase can be found here. Company insiders own 4.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in VBTX. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Veritex by 48.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 714 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Veritex in the third quarter valued at about $112,000. FNY Investment Advisers LLC bought a new position in shares of Veritex in the fourth quarter valued at about $94,000. Panagora Asset Management Inc. bought a new position in shares of Veritex in the third quarter valued at about $151,000. Finally, SG Americas Securities LLC bought a new position in shares of Veritex in the fourth quarter valued at about $121,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Veritex Company Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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