Veritex Holdings Inc (NASDAQ: VBTX) is 30.98% higher on its value in year-to-date trading and has touched a low of $18.08 and a high of $31.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VBTX stock was last observed hovering at around $31.05 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $30.48, the stock is 4.13% and 10.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -1.84% at the moment leaves the stock 33.30% off its SMA200. VBTX registered 60.25% gain for a year compared to 6-month gain of 50.00%. The firm has a 50-day simple moving average (SMA 50) of $27.4292 and a 200-day simple moving average (SMA200) of $22.8129.
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The stock witnessed a 11.57% loss in the last 1 month and extending the period to 3 months gives it a 21.43%, and is 5.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 2.86% over the month.
Veritex Holdings Inc (VBTX) has around 820 employees, a market worth around $1.66B and $800.12M in sales. Current P/E ratio is 19.48 and Fwd P/E is 13.73. Profit margin for the company is 10.73%. Distance from 52-week low is 68.58% and -3.61% from its 52-week high. The company has generated returns on investments over the last 12 months (4.67%).
The EPS is expected to grow by 3.87% this year
329.0 institutions hold shares in Veritex Holdings Inc (VBTX), with institutional investors hold 95.17% of the company’s shares. The shares outstanding are 54.34M, and float is at 52.13M with Short Float at 2.62%. Institutions hold 91.60% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.91 million shares valued at $166.77 million. The investor’s holdings represent 14.5245 of the VBTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.77 million shares valued at $79.42 million to account for 6.917 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.54 million shares representing 4.6657 and valued at over $53.57 million, while DIMENSIONAL FUND ADVISORS LP holds 4.491 of the shares totaling 2.45 million with a market value of $51.57 million.
Veritex Holdings Inc (VBTX) Insider Activity
The most recent transaction is an insider sale by Sughrue John, the company’s Director. SEC filings show that Sughrue John sold 16,820 shares of the company’s common stock on Nov 11 ’24 at a price of $30.25 per share for a total of $0.51 million. Following the sale, the insider now owns 62643.0 shares.
Veritex Holdings Inc disclosed in a document filed with the SEC on Nov 11 ’24 that Sughrue John (Director) sold a total of 7,353 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $30.39 per share for $0.22 million. Following the transaction, the insider now directly holds 0.0 shares of the VBTX stock.
Still, SEC filings show that on Nov 11 ’24, Sughrue John (Director) Proposed Sale 24,028 shares at an average price of $30.29 for $0.73 million. The insider now directly holds shares of Veritex Holdings Inc (VBTX).
