Piper Jaffray Companies Reiterates “Hold” Rating for Veritex Holdings, Inc. (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX)‘s stock had its “hold” rating restated by analysts at Piper Jaffray Companies in a report issued on Friday. They presently have a $29.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 8.57% from the stock’s current price.

Several other research firms have also recently commented on VBTX. DA Davidson assumed coverage on Veritex Holdings in a report on Tuesday, March 21st. They issued a “buy” rating and a $34.00 price target for the company. Zacks Investment Research raised Veritex Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th.

Shares of Veritex Holdings (VBTX) opened at 26.71 on Friday. Veritex Holdings has a 52-week low of $13.91 and a 52-week high of $29.43. The stock has a market capitalization of $406.26 million, a PE ratio of 25.56 and a beta of 1.68. The stock has a 50 day moving average price of $26.52 and a 200-day moving average price of $27.10.

Veritex Holdings (NASDAQ:VBTX) last posted its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by $0.02. The business had revenue of $12.79 million during the quarter, compared to analyst estimates of $12.40 million. Veritex Holdings had a net margin of 23.11% and a return on equity of 6.73%. On average, equities research analysts anticipate that Veritex Holdings will post $1.14 EPS for the current fiscal year.

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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.

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