Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Veritex (VBTX) Share Price

Press coverage about Veritex (NASDAQ:VBTX) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veritex earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.778454249632 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of VBTX traded up $0.08 during trading hours on Tuesday, reaching $28.02. 5,269 shares of the company traded hands, compared to its average volume of 110,973. The firm has a market capitalization of $661.16, a P/E ratio of 29.47, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04. Veritex has a 1-year low of $23.84 and a 1-year high of $29.50.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). The company had revenue of $28.05 million for the quarter, compared to analyst estimates of $25.90 million. Veritex had a net margin of 18.67% and a return on equity of 5.00%. equities analysts forecast that Veritex will post 1.81 earnings per share for the current year.

A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Veritex from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Zacks Investment Research lowered shares of Veritex from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Piper Jaffray raised shares of Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.63.

In related news, Vice Chairman William C. Murphy sold 55,690 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $28.93, for a total value of $1,611,111.70. Following the sale, the insider now owns 37,111 shares of the company’s stock, valued at $1,073,621.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Sughrue bought 6,912 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $74,995.20. Following the purchase, the director now owns 38,654 shares of the company’s stock, valued at $419,395.90. The disclosure for this purchase can be found here. Insiders own 4.70% of the company’s stock.

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Veritex Company Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

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