Media coverage about Veritex Holdings (NASDAQ:VBTX) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Veritex Holdings earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.8600089337099 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Veritex Holdings (VBTX) traded up 0.059% during mid-day trading on Tuesday, hitting $25.275. 67,188 shares of the stock were exchanged. Veritex Holdings has a 1-year low of $15.46 and a 1-year high of $29.43. The company’s 50-day moving average is $26.14 and its 200-day moving average is $26.93. The firm has a market cap of $384.53 million, a price-to-earnings ratio of 25.660 and a beta of 1.67.
Veritex Holdings (NASDAQ:VBTX) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $14.14 million during the quarter, compared to analysts’ expectations of $16.40 million. Veritex Holdings had a net margin of 22.61% and a return on equity of 6.09%. Equities research analysts anticipate that Veritex Holdings will post $1.06 earnings per share for the current fiscal year.
VBTX has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Piper Jaffray Companies restated a “hold” rating and issued a $29.00 target price on shares of Veritex Holdings in a research report on Friday, July 14th. BidaskClub cut shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Stephens set a $32.00 target price on shares of Veritex Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Veritex Holdings has a consensus rating of “Hold” and an average price target of $31.83.
In other Veritex Holdings news, insider Ned N. Fleming III sold 118,532 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $25.65, for a total value of $3,040,345.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ned N. Fleming III sold 19,800 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $26.12, for a total transaction of $517,176.00. The disclosure for this sale can be found here. Insiders sold a total of 220,100 shares of company stock valued at $5,694,395 in the last 90 days. Corporate insiders own 9.10% of the company’s stock.
About Veritex Holdings
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
Receive News & Ratings for Veritex Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.