Veritex HoldingsVBTX
About: Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. The company's primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments.
Employees: 826
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 63
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
3% more funds holding
Funds holding: 210 [Q1] → 216 (+6) [Q2]
1% more capital invested
Capital invested by funds: $986M [Q1] → $998M (+$12.1M) [Q2]
1.49% less ownership
Funds ownership: 88.34% [Q1] → 86.85% (-1.49%) [Q2]
31% less call options, than puts
Call options by funds: $67K | Put options by funds: $97K
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Raymond James Daniel Tamayo 63% 1-year accuracy 17 / 27 met price target | 15%upside $30 | Strong Buy Upgraded | 17 Sept 2024 |
DA Davidson Gary Tenner 67% 1-year accuracy 12 / 18 met price target | 12%upside $29 | Buy Maintained | 28 Aug 2024 |
Stephens & Co. Matt Olney 79% 1-year accuracy 26 / 33 met price target | 4%upside $27 | Equal-Weight Maintained | 25 Jul 2024 |
DA Davidson Gary Tenner 67% 1-year accuracy 12 / 18 met price target | 12%upside $29 | Buy Maintained | 25 Jul 2024 |
Piper Sandler Stephen Scouten 64% 1-year accuracy 14 / 22 met price target | 4%upside $27 | Overweight Maintained | 25 Jul 2024 |