In a report released yesterday, Michael Rose from Raymond James maintained a Buy rating on Veritex (VBTX). The company’s shares closed last Wednesday at $30.03.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 10.2% and a 58.2% success rate. Rose covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Atlantic Capital Bancshares, and Texas Capital Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veritex with a $29.00 average price target.
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Based on Veritex’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $75.78 million and net profit of $22.8 million. In comparison, last year the company earned revenue of $77 million and had a net profit of $29.05 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
