At the time of writing, Veritex Holdings Inc [VBTX] stock is trading at $30.34, up 13.00%. 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 10.89% over the last week, with a monthly amount glided 21.41%, 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 October 24, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform. Previously, Raymond James upgraded its rating to Strong Buy on September 17, 2024, and kept the price target unchanged to $30. On July 05, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $20.50 on the stock. Raymond James downgraded its rating to a Mkt Perform. Stephens downgraded its rating to a Equal-Weight and reduced its price target to $32 on September 07, 2022. Raymond James downgraded its rating to Outperform for this stock on July 07, 2022, and downed its price target to $38. In a note dated September 22, 2020, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $22.
For the past year, the stock price of Veritex Holdings Inc fluctuated between $17.43 and $28.46. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Veritex Holdings Inc [NASDAQ: VBTX] shares were valued at $30.34 at the most recent close of the market. An investor can expect a potential return of 2.18% based on the average VBTX price forecast.
Analyzing the VBTX fundamentals
According to Veritex Holdings Inc [NASDAQ:VBTX], the company’s sales were 800.75M for trailing twelve months, which represents an 6.46% jump. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, 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 0.14.
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 29.58 points at the first support level, and at 28.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.87, and for the 2nd resistance point, it is at 31.40.
Ratios To Look Out For
It is important to note that Veritex Holdings Inc [NASDAQ:VBTX] has a current ratio of 0.16. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 19.39.
Transactions by insiders
Recent insider trading involved Holland C Malcolm III, Chairman, CEO, President, that happened on Oct 28 ’24 when 12777.0 shares were sold. Officer, Holland C Malcolm III completed a deal on Oct 28 ’24 to buy 12777.0 shares.
