After grabbing 3.51 million shares, the institutional investor is now in possession of 3.51 million shares of the Financial Company. The new investment brought the stake of investor firm to 6.50% having worth around $114.59 million. Moreover, The Vanguard Group, Inc. increased its share by 25798.0 to have a control over 3.48 million shares. And Westwood Management Corp. raised its holdings to 0.14 million shares by acquiring 1.91 million shares or 3.54% of the stake.
Veritex Holdings Inc. (VBTX) concluded trading on 01/12/23 at a closing price of $28.83, with 0.33 million shares of worth about $9.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.12% during that period and on Thursday the price saw a gain of about 1.55%. Currently the company’s common shares owned by public are about 53.98M shares, out of which, 52.22M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the VBTX stock and their offered price forecasts bring an average price target of $38.20. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $44.00 and could fall to a lowest price of $33.00. The stock’s current price level is 24.53% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.64% for the stock. However, touching the estimated high of $44.00 would mean a gain of 34.48% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 130,753 shares in 55 of the transactions. In 14 selling transactions, insiders dumped 32,554 shares.
iShares Core S&P Small Cap ETF, American Century Small Cap Value, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Veritex Holdings Inc. iShares Core S&P Small Cap ETF is currently holding 3.75 million shares of worth totaling $122.41 million. The company recently came buying 0.0 shares which brought its stake up to 6.94% of the company’s outstanding shares. American Century Small Cap Value bought 70000.0 shares, after which its hold over company’s outstanding shares expand to 3.56%, leaving 1.93 million shares with the mutual fund that have a worth of about $62.87 million. Vanguard Total Stock Market Index, after buying 1.57 million shares, have now control over 2.92% of the stake in the company. It holds 3189.0 shares of worth $51.42 million.
Veritex Holdings Inc. (NASDAQ: VBTX) started trading at $28.69, above $0.3 from concluding price of the previous day. However, the stock later moved at a day high price of 28.91, or with a gain of 1.55%. Stock saw a price change of 5.14% in past 5 days and over the past one month there was a price change of -1.40%. Year-to-date (YTD), VBTX shares are showing a performance of 2.67% which decreased to -32.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.14 but also hit the highest price of $43.33 during that period. The average intraday trading volume for Veritex Holdings Inc. shares is 312.12K. The stock is currently trading 2.78% above its 20-day simple moving average (SMA20), while that difference is down -4.15% for SMA50 and it goes to -7.38% lower than SMA200.
T. Rowe Price Investment Manageme acquired 3.51 million shares of Veritex Holdings Inc. having value of about $114.59 million. Veritex Holdings Inc. (NASDAQ: VBTX) currently have 53.98M outstanding shares and institutions hold larger chunk of about 92.10% of that. Holding of mutual funds in the company is about 5.38% while other institutional holders and individual stake holders have control over 52.75% and 35.85% of the stake respectively.
The stock has a current market capitalization of $1.53B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 10.29, while it has posted earnings per share of $2.80 in the same period. Its PEG reads 1.47 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VBTX, volatility over the week remained 2.59% while standing at 2.78% over the month.
Analysts are in expectations that Veritex Holdings Inc. (VBTX) stock would likely to be making an EPS of $0.88 in the current quarter, while forecast for next quarter EPS is $0.89 and it is $3.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.87 which is $0.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.84 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 87.70% while it is estimated to increase by 26.19% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 19.60% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Veritex Holdings Inc. (VBTX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Coverage by Stephens stated Veritex Holdings Inc. (VBTX) stock as an Equal-weight in their note to investors on September 07, 2022, suggesting a price target of $32 for the stock. On July 07, 2022, Raymond James Downgrade their recommendations, while on September 22, 2020, Raymond James Upgrade their ratings for the stock with a price target of $22. Stock get an Overweight rating from Piper Jaffray on February 01, 2018.