Veritex Holdings (NASDAQ:VBTX) Director John Sughrue bought 6,912 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were bought at an average price of $10.85 per share, for a total transaction of $74,995.20. Following the completion of the transaction, the director now directly owns 38,654 shares of the company’s stock, valued at approximately $419,395.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Veritex stock traded down $0.62 during trading hours on Monday, hitting $27.05. The company’s stock had a trading volume of 250,518 shares, compared to its average volume of 110,928. Veritex Holdings has a 12-month low of $23.84 and a 12-month high of $29.50. The company has a market capitalization of $667.81, a price-to-earnings ratio of 28.57, a PEG ratio of 1.53 and a beta of 1.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.
Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.08). Veritex had a net margin of 18.67% and a return on equity of 5.00%. The business had revenue of $28.05 million during the quarter, compared to analysts’ expectations of $25.90 million. equities analysts expect that Veritex Holdings will post 1.81 earnings per share for the current year.
Several equities analysts recently weighed in on VBTX shares. Zacks Investment Research upgraded Veritex from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, February 14th. BidaskClub upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Keefe, Bruyette & Woods started coverage on Veritex in a research report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Piper Jaffray upgraded Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Veritex presently has a consensus rating of “Buy” and a consensus price target of $31.63.
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.
Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.