.jpg "Veritex (NASDAQ: VBTX)")
Today, a Director at Veritex, Michael Kowalski, exercised options of Veritex for $27.12K.
Following Michael Kowalski’s last VBTX Buy transaction on February 10, 2016, the stock climbed by 15.3%. Following this transaction Michael Kowalski’s holding in the company was increased by 17.68% to a total of $581.2K.
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Based on Veritex’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $36.51 million and quarterly net profit of $10.39 million. In comparison, last year the company earned revenue of $14.6 million and had a net profit of $3.1 million. The company has a one-year high of $29.69 and a one-year low of $23.84. VBTX’s market cap is $693.7M and the company has a P/E ratio of 26.37.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $34.00, reflecting a -16.4% downside. Starting in January 2018, VBTX received 6 Buy ratings in a row. Five different firms, including D.A. Davidson and KBW, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $972.8K worth of VBTX shares and purchased $27.12K worth of VBTX shares. The insider sentiment on Veritex has been positive according to 83 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
