In a report released today, Stephen Scouten from Piper Sandler maintained a Buy rating on Veritex (VBTX – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $20.49.
Scouten covers the Financial sector, focusing on stocks such as Hilltop Holdings, Cadence Bank, and Bank OZK. According to TipRanks, Scouten has an average return of 4.0% and a 51.96% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veritex with a $24.50 average price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $33.07 and a one-year low of $14.88. Currently, Veritex has an average volume of 537.6K.
Based on the recent corporate insider activity of 72 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.
Read More on VBTX:
- Veritex Holdings, Inc. Reports Second Quarter Operating Results
- Veritex Holdings, Inc. Declares Cash Dividend on Common Stock
- VBTX Upcoming Earnings Report: What to Expect?
- Veritex Holdings, Inc. Announces Dates of Second Quarter 2023 Earnings Release and Conference Call
- Veritex downgraded to Market Perform from Outperform at Hovde Group
