Veritex Holdings Inc. (VBTX) Upgraded to “Buy” by TheStreet

TheStreet upgraded shares of Veritex Holdings Inc. (NASDAQ:VBTX) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Veritex Holdings (NASDAQ:VBTX) traded up 0.80% during trading on Monday, reaching $17.72. 38,119 shares of the company’s stock traded hands. Veritex Holdings has a one year low of $12.35 and a one year high of $18.00. The firm has a market cap of $189.59 million, a price-to-earnings ratio of 17.63 and a beta of 1.55. The company has a 50 day moving average of $17.24 and a 200 day moving average of $16.26.

Veritex Holdings (NASDAQ:VBTX) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Veritex Holdings had a return on equity of 8.29% and a net margin of 23.69%. Equities research analysts predict that Veritex Holdings will post $1.16 EPS for the current year.

About Veritex Holdings

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.

5 Day Chart for NASDAQ:VBTX

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