In a report released yesterday, Michael Rose from Raymond James maintained a Buy rating on Veritex (VBTX). The company’s shares closed last Tuesday at $27.21, close to its 52-week high of $29.51.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 6.8% and a 55.6% success rate. Rose covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Atlantic Capital Bancshares, and Texas Capital Bancshares.
Currently, the analyst consensus on Veritex is a Moderate Buy with an average price target of $23.00.
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The company has a one-year high of $29.51 and a one-year low of $10.02. Currently, Veritex has an average volume of 312.2K.
Based on the recent corporate insider activity of 85 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. Most recently, in December 2020, Mark Griege, a Director at VBTX bought 2,500 shares for a total of $25,000.
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.
