Stephens Remains a Buy on Veritex (VBTX)

Stephens analyst Matt Olney maintained a Buy rating on Veritex (VBTX) today and set a price target of $29. The company’s shares closed last Monday at $23.04.

Olney commented:

“We estimate the impact of accelerated 3Q19 activity along with additional authorization is $0.06-$0.08 to 2020 EPS. We expect VBTX’s repurchase plan to remain active given its valuation of 9.3x 2020 EPS and 1.6x tbv vs SW peers at 11.2x and 1.6x, respectively.Stephens Inc. Page 2 APPENDIX A ANALYST CERTIFICATION The analyst primarily responsible for the preparation of the content of this report certifies that (i) all views expressed in this report accurately reflect the analyst’s personal views about the subject company and securities, and (ii) no part of the analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in this report.”

According to, Olney is a 1-star analyst with an average return of -1.9% and a 37.0% 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.

Currently, the analyst consensus on Veritex is a Strong Buy with an average price target of $29, a 24.5% upside from current levels. In a report issued on August 29, Raymond James also maintained a Buy rating on the stock with a $27 price target.

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The company has a one-year high of $30.98 and a one-year low of $20.34. Currently, Veritex has an average volume of 252.2K.

Based on the recent corporate insider activity of 84 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.

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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.

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