Veritex (VBTX) Upgraded to Hold by BidaskClub
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.
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.
TRADEMARK VIOLATION WARNING: “Veritex (VBTX) Upgraded to Hold by BidaskClub” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://theolympiareport.com/2018/02/13/veritex-vbtx-upgraded-to-hold-by-bidaskclub.html.
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.
Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.