From MarketBeat:

Veritex (NASDAQ:VBTX) was upgraded from a “sell” rating to a “hold” rating by StockNews.com. Stephens has also lowered the company’s target price. Veritex’s average rating is “hold,” with a consensus price target of $23.83. The stock is currently trading down 1.0%. (source: MarketBeat.com)

NASDAQ:VBTX traded down $0.23 during trading on Friday and has a market cap of $1.23 billion. The company’s price-to-earnings ratio is 8.52, and it has a beta of 1.42. The company announced earnings of $0.60 per share for the quarter. The stock had a one year low of $14.88 and a one year high of $29.75. (source: MarketBeat.com)

Director Gregory B. Morrison purchased 1,734 shares of Veritex stock at an average price of $17.30 per share. Hedge funds like Vanguard Group Inc. and Public Employees Retirement System of Ohio have also boosted their stakes in Veritex. Overall, institutional investors and hedge funds own 87.29% of the company’s stock. (source: MarketBeat.com)

Veritex Holdings, Inc. provides commercial banking products and services to small and medium-sized businesses. Its deposit products include demand, savings, money market, and time accounts, while loan products include many different types of business and personal loans. The company also issues a variety of different types of credits. (source: MarketBeat.com)

This story was reviewed by MarketBeat’s editorial team prior to publication. While Veritex currently has a “Hold” rating among analysts, MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on. (source: MarketBeat.com)



Read more: Veritex (NASDAQ:VBTX) Upgraded by StockNews.com to “Hold”