At the time of writing, Veritex Holdings Inc [VBTX] stock is trading at $20.79, up 0.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VBTX shares have gain 7.83% over the last week, with a monthly amount glided 5.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veritex Holdings Inc [NASDAQ: VBTX] stock has seen the most recent analyst activity on July 05, 2023, when Hovde Group downgraded its rating to a Market Perform but kept the price target unchanged to $20.50 for it. Previously, Raymond James downgraded its rating to Mkt Perform on January 05, 2023. On September 07, 2022, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $32 on the stock. Raymond James downgraded its rating to a Outperform and decreased its price target to $38 on July 07, 2022. Raymond James upgraded its rating to a Strong Buy but $22 remained the price target by the analyst firm on September 22, 2020. Piper Jaffray upgraded its rating to Overweight for this stock on February 01, 2018. In a note dated January 16, 2018, Keefe Bruyette initiated an Outperform rating and provided a target price of $33 on this stock.
For the past year, the stock price of Veritex Holdings Inc fluctuated between $14.88 and $24.46. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Veritex Holdings Inc [NASDAQ: VBTX] shares were valued at $20.79 at the most recent close of the market. An investor can expect a potential return of 68.35% based on the average VBTX price forecast.
Analyzing the VBTX fundamentals
According to Veritex Holdings Inc [NASDAQ:VBTX], the company’s sales were 781.73M for trailing twelve months, which represents an 3.67% jump. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.05 points at the first support level, and at 19.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.31, and for the 2nd resistance point, it is at 21.84.
Veritex Holdings Inc [VBTX] reported earnings per share of $0.57 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.56/share, meaning a difference of $0.01 and a surprise factor of 1.80%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.58 per share as compared to estimates of $0.62 per share, a difference of -$0.04 representing a surprise of -6.50%.
Ratios To Look Out For
It is important to note that Veritex Holdings Inc [NASDAQ:VBTX] has a current ratio of 0.12. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 0.74 and price to earnings (TTM) ratio is 12.08.
Transactions by insiders
Recent insider trading involved Morrison Gregory B, Director, that happened on Oct 31 ’23 when 1734.0 shares were purchased. Chief Financial Officer, Earley Terry completed a deal on Jul 28 ’23 to buy 306.0 shares. Meanwhile, Director Morrison Gregory B bought 1252.0 shares on Jun 14 ’23.
