Somewhat Positive Media Coverage Somewhat Unlikely to Affect Veritex Holdings (VBTX) Share Price
Media stories about Veritex Holdings (NASDAQ:VBTX) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veritex Holdings earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.5751063320885 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Veritex Holdings, Inc. to Post FY2018 Earnings of $1.58 Per Share, DA Davidson Forecasts (VBTX) (americanbankingnews.com)
- Veritex Holdings, Inc. (VBTX) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- DA Davidson Equities Analysts Lower Earnings Estimates for Veritex Holdings Inc (VBTX) (americanbankingnews.com)
- Veritex Holdings, Inc. breached its 50 day moving average in a Bearish Manner : VBTX-US : October 25, 2017 (finance.yahoo.com)
- BRIEF-Veritex Holdings Q3 earnings per share $0.25 (reuters.com)
Shares of Veritex Holdings (VBTX) traded down 0.15% during trading on Monday, hitting $26.18. The company had a trading volume of 120,767 shares. The firm has a market capitalization of $398.30 million, a P/E ratio of 26.58 and a beta of 1.66. Veritex Holdings has a 52-week low of $17.45 and a 52-week high of $29.43. The stock’s 50-day moving average is $26.46 and its 200 day moving average is $26.57.
Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $21.11 million during the quarter, compared to analyst estimates of $20.80 million. Veritex Holdings had a net margin of 21.85% and a return on equity of 5.30%. Equities research analysts predict that Veritex Holdings will post $1.01 earnings per share for the current fiscal year.
VBTX has been the subject of several recent analyst reports. Stephens set a $32.00 price target on Veritex Holdings and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub lowered Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $29.00 price target on shares of Veritex Holdings in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Veritex Holdings has a consensus rating of “Hold” and a consensus price target of $31.83.
In other news, insider Michael Clayton Riebe acquired 1,950 shares of Veritex Holdings stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $25.19 per share, for a total transaction of $49,120.50. Following the completion of the transaction, the insider now directly owns 4,686 shares in the company, valued at $118,040.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ned N. Fleming III sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $26.93, for a total transaction of $1,346,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 419,800 shares of company stock valued at $11,059,556. 6.90% of the stock is owned by insiders.
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.
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