Somewhat Negative News Coverage Somewhat Unlikely to Impact Veritex Holdings (VBTX) Share Price

Headlines about Veritex Holdings (NASDAQ:VBTX) have trended somewhat negative recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritex Holdings earned a news sentiment score of -0.03 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.0633277650489 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of research analysts have recently commented on VBTX shares. Zacks Investment Research downgraded Veritex Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. BidaskClub downgraded Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Stephens set a $32.00 target price on Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 price target (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Veritex Holdings has a consensus rating of “Hold” and a consensus price target of $31.83.

Shares of Veritex Holdings (VBTX) traded up $0.03 on Friday, reaching $26.41. The company had a trading volume of 72,120 shares, compared to its average volume of 97,100. The company has a market capitalization of $598.15, a P/E ratio of 26.56, a PEG ratio of 2.64 and a beta of 1.62. Veritex Holdings has a 12 month low of $18.74 and a 12 month high of $29.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03.

Veritex Holdings (NASDAQ:VBTX) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $21.11 million during the quarter, compared to the consensus estimate of $20.80 million. Veritex Holdings had a return on equity of 5.30% and a net margin of 21.85%. sell-side analysts anticipate that Veritex Holdings will post 0.99 EPS for the current year.

In other Veritex Holdings news, insider Ned N. Fleming III sold 92,711 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $26.00, for a total value of $2,410,486.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Clayton Riebe bought 1,950 shares of Veritex Holdings stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $25.19 per share, for a total transaction of $49,120.50. Following the purchase, the insider now owns 4,686 shares of the company’s stock, valued at $118,040.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 529,800 shares of company stock valued at $13,921,112. 6.90% of the stock is owned by corporate insiders.

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Veritex Holdings Company Profile

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

Insider Buying and Selling by Quarter for Veritex Holdings (NASDAQ:VBTX)

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