DA Davidson Issues Pessimistic Forecast for Veritex (NASDAQ:VBTX) Stock Price

Veritex (NASDAQ:VBTX) had its price target decreased by analysts at DA Davidson from $36.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. DA Davidson’s target price indicates a potential upside of 26.87% from the stock’s previous close. DA Davidson also issued estimates for Veritex’s Q1 2025 earnings at $0.48 EPS and FY2025 earnings at $2.43 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Hovde Group upgraded shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective for the company in a report on Thursday. Raymond James cut their target price on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Thursday. Piper Sandler upped their price target on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

Veritex Stock Down 0.0 %

Shares of VBTX opened at $26.80 on Thursday. The firm’s 50 day moving average is $27.91 and its 200-day moving average is $26.34. Veritex has a 12 month low of $18.08 and a 12 month high of $31.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.46 billion, a PE ratio of 13.74 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a return on equity of 7.63% and a net margin of 13.44%. Equities research analysts forecast that Veritex will post 2.24 EPS for the current year.

Insider Transactions at Veritex

In other news, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the transaction, the director now directly owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. This trade represents a 21.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Veritex

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Veritex during the 2nd quarter worth approximately $730,000. Marshall Wace LLP bought a new position in Veritex during the second quarter worth $2,531,000. AQR Capital Management LLC boosted its stake in Veritex by 66.5% during the second quarter. AQR Capital Management LLC now owns 424,106 shares of the financial services provider’s stock worth $8,944,000 after acquiring an additional 169,448 shares in the last quarter. Millennium Management LLC grew its holdings in Veritex by 56.2% in the second quarter. Millennium Management LLC now owns 292,499 shares of the financial services provider’s stock worth $6,169,000 after purchasing an additional 105,261 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Veritex by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 26,684 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Company Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.