Veritex (VBTX) Projected to Post Quarterly Earnings on Tuesday

Veritex (NASDAQ:VBTX) will likely be announcing its earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $112,222.50 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Veritex Trading Up 0.6 %

NASDAQ:VBTX opened at $26.49 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $28.10 and a 200-day simple moving average of $26.19. Veritex has a 12 month low of $18.08 and a 12 month high of $31.62. The company has a market capitalization of $1.44 billion, a P/E ratio of 16.98 and a beta of 1.38.

Analysts Set New Price Targets

Several research firms have weighed in on VBTX. Keefe, Bruyette & Woods downgraded Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Piper Sandler upped their target price on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, DA Davidson upped their price objective on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insider Activity at Veritex

In other news, Director John Sughrue sold 16,820 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the sale, the director now directly owns 62,643 shares of the company’s stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Malcolm Holland III sold 12,777 shares of Veritex stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $27.69, for a total value of $353,795.13. Following the completion of the transaction, the chief executive officer now owns 224,132 shares of the company’s stock, valued at approximately $6,206,215.08. This represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

About Veritex

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.