Veritex (NASDAQ:VBTX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

VBTX has been the subject of several other research reports. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Saturday, January 13th. Keefe, Bruyette & Woods started coverage on shares of Veritex in a research note on Tuesday, January 16th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Piper Jaffray Companies raised shares of Veritex from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.30.

Veritex (NASDAQ VBTX) opened at $27.46 on Friday. The company has a market cap of $662.54, a P/E ratio of 31.59, a P/E/G ratio of 1.47 and a beta of 1.53. Veritex has a 12 month low of $23.84 and a 12 month high of $29.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03.

In other Veritex news, Vice Chairman William C. Murphy sold 55,690 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $28.93, for a total value of $1,611,111.70. Following the completion of the transaction, the insider now owns 37,111 shares of the company’s stock, valued at approximately $1,073,621.23. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Clayton Riebe purchased 1,775 shares of the business’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $28.38 per share, with a total value of $50,374.50. The disclosure for this purchase can be found here. In the last three months, insiders sold 160,771 shares of company stock valued at $4,358,185. Corporate insiders own 6.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Putnam FL Investment Management Co. purchased a new position in Veritex in the 3rd quarter worth approximately $662,000. Principal Financial Group Inc. purchased a new position in Veritex in the 2nd quarter worth approximately $259,000. Vanguard Group Inc. grew its stake in Veritex by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 555,031 shares of the financial services provider’s stock worth $14,614,000 after buying an additional 51,747 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Veritex in the 3rd quarter worth approximately $1,164,000. Finally, Northern Trust Corp grew its stake in Veritex by 28.4% in the 2nd quarter. Northern Trust Corp now owns 160,582 shares of the financial services provider’s stock worth $4,227,000 after buying an additional 35,520 shares in the last quarter. 62.01% of the stock is owned by institutional investors and hedge funds.

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Veritex Company Profile

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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