In a report released today, Stephen Scouten from Piper Sandler assigned a Buy rating to Veritex (VBTX – Research Report), with a price target of $26.00. The company’s shares closed last Friday at $16.29.
Scouten covers the Financial sector, focusing on stocks such as Bank OZK, BankUnited, and Truist Financial. According to TipRanks, Scouten has an average return of 2.6% and a 47.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veritex with a $27.50 average price target.
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VBTX market cap is currently $883.7M and has a P/E ratio of 5.89.
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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