Veritex Holdings Inc (NASDAQ: VBTX) has a higher price-to-earnings ratio of 11.86x compared to its average ratio. VBTX has 36-month beta value of 1.31. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for VBTX is 52.79M, and currently, short sellers hold a 2.29% ratio of that float. The average trading volume of VBTX on April 26, 2024 was 443.29K shares.
VBTX) stock’s latest price update
The stock of Veritex Holdings Inc (NASDAQ: VBTX) has decreased by -1.88 when compared to last closing price of 20.79. Despite this, the company has experienced a 5.59% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Although the revenue and EPS for Veritex Holdings (VBTX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
VBTX’s Market Performance
Veritex Holdings Inc (VBTX) has seen a 5.59% rise in stock performance for the week, with a 3.03% gain in the past month and a -4.18% plunge in the past quarter. The volatility ratio for the week is 3.94%, and the volatility levels for the past 30 days are at 3.11% for VBTX. The simple moving average for the past 20 days is 2.33% for VBTX’s stock, with a 2.40% simple moving average for the past 200 days.
Analysts’ Opinion of VBTX
Many brokerage firms have already submitted their reports for VBTX stocks, with Hovde Group repeating the rating for VBTX by listing it as a “Market Perform.” The predicted price for VBTX in the upcoming period, according to Hovde Group is $20.50 based on the research report published on July 05, 2023 of the previous year 2023.
Stephens gave a rating of “Equal-Weight” to VBTX, setting the target price at $32 in the report published on September 07th of the previous year.
VBTX Trading at 2.73% from the 50-Day Moving Average
After a stumble in the market that brought VBTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.60% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.80% upper at present.
During the last 5 trading sessions, VBTX rose by +5.59%, which changed the moving average for the period of 200-days by +10.93% in comparison to the 20-day moving average, which settled at $19.93. In addition, Veritex Holdings Inc saw -12.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VBTX starting from Morrison Gregory B, who purchase 1,734 shares at the price of $17.30 back on Oct 31 ’23. After this action, Morrison Gregory B now owns 29,636 shares of Veritex Holdings Inc, valued at $29,998 using the latest closing price.
Earley Terry, the Chief Financial Officer of Veritex Holdings Inc, purchase 306 shares at $21.42 during a trade that took place back on Jul 28 ’23, which means that Earley Terry is holding 85,321 shares at $6,554 based on the most recent closing price.
Stock Fundamentals for VBTX
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 1.29 for the gross margin
The net margin for Veritex Holdings Inc stands at 0.18. The total capital return value is set at 0.01. Equity return is now at value 6.20, with 0.74 for asset returns.
Based on Veritex Holdings Inc (VBTX), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is 144.28 million with net debt to EBITDA at -4.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
To put it simply, Veritex Holdings Inc (VBTX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
