Veritex Holdings Inc [VBTX] stock prices are down -1.89% to $27.00 at the moment. 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 3.25% over the last week, with a monthly amount glided 3.29%, 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 September 17, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $30 for it. Previously, Hovde Group downgraded its rating to Market Perform on July 05, 2023, and kept the price target unchanged to $20.50. On January 05, 2023, downgrade downgraded it’s rating to Mkt Perform. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $32 on September 07, 2022. Raymond James downgraded its rating to a Outperform and reduced its price target to $38 on July 07, 2022. Raymond James upgraded its rating to Strong Buy for this stock on September 22, 2020, but kept the price target unchanged to $22. In a note dated February 01, 2018, Piper Jaffray upgraded an Overweight rating on this stock.
The stock price of Veritex Holdings Inc [VBTX] has been fluctuating between $15.93 and $28.09 over the past year. Currently, Wall Street analysts expect the stock to reach $28.33 within the next 12 months. Veritex Holdings Inc [NASDAQ: VBTX] shares were valued at $27.00 at the most recent close of the market. An investor can expect a potential return of 4.93% based on the average VBTX price forecast.
Analyzing the VBTX fundamentals
The Veritex Holdings Inc [NASDAQ:VBTX] reported sales of 788.03M for trailing twelve months, representing a surge of 3.41%. Gross Profit Margin for this corporation currently stands at 1.1% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 26.76 points at the first support level, and at 26.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.38, and for the 2nd resistance point, it is at 27.76.
Ratios To Look Out For
It’s worth pointing out that Veritex Holdings Inc [NASDAQ:VBTX]’s Current Ratio is 0.10. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 16.90.
Transactions by insiders
Recent insider trading involved Morrison Gregory B, Director, that happened on Oct 31 ’23 when 1734.0 shares were purchased.
