Stephens & Co. Maintains Veritex Holdings (VBTX) Equal-Weight Recommendation
Fintel reports that on July 27, 2023, Stephens & Co. maintained coverage of Veritex Holdings (NASDAQ:VBTX) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 15.95% Upside
As of July 6, 2023, the average one-year price target for Veritex Holdings is 24.11. The forecasts range from a low of 20.37 to a high of $30.45. The average price target represents an increase of 15.95% from its latest reported closing price of 20.79.
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The projected annual revenue for Veritex Holdings is 518MM, an increase of 22.57%. The projected annual non-GAAP EPS is 3.74.
What is the Fund Sentiment?
There are 525 funds or institutions reporting positions in Veritex Holdings. This is an increase of 3 owner(s) or 0.57% in the last quarter. Average portfolio weight of all funds dedicated to VBTX is 0.12%, a decrease of 27.21%. Total shares owned by institutions decreased in the last three months by 0.23% to 54,597K shares. 
The put/call ratio of VBTX is 1.91, indicating a bearish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 3,842K shares representing 7.08% ownership of the company. In it's prior filing, the firm reported owning 3,561K shares, representing an increase of 7.30%. The firm decreased its portfolio allocation in VBTX by 34.45% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,748K shares representing 6.91% ownership of the company. No change in the last quarter.
American Century Companies holds 2,376K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 2,267K shares, representing an increase of 4.61%. The firm decreased its portfolio allocation in VBTX by 34.26% over the last quarter.
Westwood Holdings Group holds 1,906K shares representing 3.51% ownership of the company. In it's prior filing, the firm reported owning 2,006K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in VBTX by 36.86% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 1,775K shares representing 3.27% ownership of the company. In it's prior filing, the firm reported owning 1,815K shares, representing a decrease of 2.25%. The firm decreased its portfolio allocation in VBTX by 37.94% over the last quarter.
Veritex Holdings Background Information
(This description is provided by the company.)
Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System.
Additional reading:
- Page 1 of 13 VBTX Earnings Call July 26, 2023 Operator: Good morning and welcome to the Veritex Holdings 2nd quarter 2023 earnings conference call and webcast. All participants will be in a listen only mode. Please note, this event will be recorded.
- For Immediate Release Dallas, Texas Contact: Beth Stavinoha July 26, 2022 (972) 707-4109 VERITEX HOLDINGS, INC. SECOND QUARTER EARNINGS CALL Dallas, Texas – July 26, 2023, (www.veritexbank.com) Wednesday, July 26, during the Veritex Holdings, Inc. se
- VERITEX HOLDINGS, INC. REPORTS SECOND QUARTER OPERATING RESULTS
- Veritex Holdings, Inc. Declares Cash Dividend on Common Stock
- TRUTH | INTEGRITY | TRANSPARENCY Second Quarter 2023 Results Earnings Release July 25, 2023 2 Forward-Looking Statements This presentation includes “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 19
This story originally appeared on Fintel.