Raymond James analyst Michael Rose maintained a Buy rating on Veritex (VBTX – Research Report) today and set a price target of $36.00. The company’s shares closed yesterday at $30.24.
Rose covers the Financial sector, focusing on stocks such as Cullen/Frost Bankers, Hancock Whitney, and Pinnacle Financial Partners. According to TipRanks, Rose has an average return of 6.2% and a 43.72% success rate on recommended stocks.
Veritex has an analyst consensus of Moderate Buy, with a price target consensus of $36.00, which is a 19.05% upside from current levels. In a report released on September 7, D.A. Davidson also maintained a Buy rating on the stock with a $40.00 price target.
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Based on Veritex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $93.89 million and a net profit of $29.63 million. In comparison, last year the company earned a revenue of $79.59 million and had a net profit of $29.46 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VBTX in relation to earlier this year.
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Veritex Holdings, Inc. engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products; mortgages; and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.
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