DA Davidson Initiates Coverage On Veritex Holdings Inc to Buy with Price Target $34

DA Davidson Initiates Coverage On Veritex Holdings Inc(VBTX). In a research note issued to the investors, the brokerage major Announces the price-target to $34 per share. The shares have been rated Buy. The rating by the stock financial advisor at DA Davidson was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, PiperJaffray said it Initiates Coverage On Veritex Holdings Inc, according to a research note issued on Feb 9, 2017. The shares have been rated ‘Neutral’ by the firm.

Veritex Holdings Inc (VBTX) made into the market gainers list on Fridays trading session with the shares advancing 2.36% or 0.65 points. Due to strong positive momentum, the stock ended at $28.24, which is also near the day’s high of $28.98. The stock began the session at $27.72 and the volume stood at 70,171 shares. The 52-week high of the shares is $29.43 and the 52 week low is $13.52. The company has a current market capitalization of $430 M and it has 1,52,24,950 shares in outstanding.

Veritex Holdings Inc(VBTX) last announced its earnings results on Jan 24, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $12.344M. Analysts had an estimated revenue of $12.500M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, Veritex Holdings, L.p. Suntx (10% owner) sold 387,838 shares at $19.75 per share price.Also, On Nov 4, 2016, Michael Clayton Riebe (Chief Credit Officer) purchased 1,000 shares at $17.82 per share price.On Oct 28, 2016, Lavonda Renfro (Chief Retail Officer) sold 1,000 shares at $18.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Veritex Holdings Inc. is a bank holding company. The Company through its wholly owned subsidiary Veritex Community Bank (The Bank) a Texas state chartered bank provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. Its primary customers are small and medium-sized businesses and professionals. The Bank operates eight branches and one mortgage office all of which are located in the Dallas metropolitan area. The Bank provides a full range of banking services to individual and corporate customers which include commercial and retail lending and the acceptance of checking and savings deposits. The Bank also offers debit cards night depository direct deposit cashier’s checks and letters of credit as well as treasury management services including wire transfer services and automated clearinghouse services.

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