KBW analyst Brady Gailey maintained a Hold rating on Veritex (VBTX – Research Report) today and set a price target of $29.00. The company’s shares opened today at $17.48.
According to TipRanks, Gailey is a 4-star analyst with an average return of 7.8% and a 60.45% success rate. Gailey covers the Financial sector, focusing on stocks such as Ameris Bancorp, Bok Financial, and First Bancorp.
Veritex has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.
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Based on Veritex’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $40.9 million. In comparison, last year the company had a net profit of $34.81 million
Based on the recent corporate insider activity of 73 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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