Analysts have been eager to weigh in on the Financial sector with new ratings on Veritex (VBTX) and Pacific Premier Bancorp Inc (PPBI).
Veritex (VBTX)
Stephens analyst Matt Olney maintained a Buy rating on Veritex today and set a price target of $30. The company’s shares closed yesterday at $25.67.
Olney commented:
“We look for additional details on the $20 million LQ increase of NPAs on tomorrow’s conference call at 8:30 CST. Our rating is Overweight.”
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.4% and a 44.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veritex with a $31 average price target.
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Pacific Premier Bancorp Inc (PPBI)
Stephens analyst Tyler Stafford maintained a Hold rating on Pacific Premier Bancorp Inc today and set a price target of $32. The company’s shares closed yesterday at $30.09.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.3% and a 53.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
Pacific Premier Bancorp Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.
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