Veritex Holdings Inc (NASDAQ: VBTX) is 42.70% higher on its value in year-to-date trading and has touched a low of $20.10 and a high of $33.69 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 $32.82 in the last trading session, with the day’s loss setting it -1.07%.
Currently trading at $31.75, the stock is 18.57% and 25.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.11 million and changing -3.26% at the moment leaves the stock 21.72% off its SMA200. VBTX registered 16.90% gain for a year compared to 6-month gain of 29.91%. The firm has a 50-day simple moving average (SMA 50) of $25.2216 and a 200-day simple moving average (SMA200) of $26.05405.
The stock witnessed a 26.85% loss in the last 1 month and extending the period to 3 months gives it a 52.86%, and is 15.37% 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 2.93% over the week and 2.58% over the month.
Veritex Holdings Inc (VBTX) has around 858 employees, a market worth around $1.72B and $792.42M in sales. Current P/E ratio is 15.58 and Fwd P/E is 13.37. Profit margin for the company is 14.15%. Distance from 52-week low is 57.96% and -5.76% from its 52-week high. The company has generated returns on investments over the last 12 months (6.27%).
The EPS is expected to grow by 12.74% this year.
Veritex Holdings Inc (VBTX) Top Institutional Holders
341.0 institutions hold shares in Veritex Holdings Inc (VBTX), with institutional investors hold 97.24% of the company’s shares. The shares outstanding are 54.30M, and float is at 51.67M with Short Float at 2.79%. Institutions hold 93.40% 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 14.521% 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 6.9154 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.54 million shares representing 4.6646% and valued at over $53.57 million, while DIMENSIONAL FUND ADVISORS LP holds 4.49 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.
