Veritex Holdings (VBTX)

• Market cap: $1.51B
• 1 day: 3.97%
• 5 days: -6.41%
• 1 month: -4.31%
• 3 months: 6.08%
• 6 months: 37.75%
• Year to date: 18.55%
• 1 year: 21.52%
• 5 years: -4.77%
• 10 years: 94.46%
• Sector: Financials
• Industry: State Commercial Banks

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 Q3 regulatory filings by fund managers ($100M+ AUM)

1,497% more call options, than puts

Call options by funds: $463K | Put options by funds: $29K

123% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 13

25% more capital invested

Capital invested by funds: $1.02B [Q2] → $1.27B (+$252M) [Q3]

7% more funds holding

Funds holding: 217 [Q2] → 233 (+16) [Q3]

0.19% more ownership

Funds ownership: 88.36% [Q2] → 88.54% (+0.19%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 82

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 8% upside
• Avg. target: $32 14% upside
• High target: $33 19% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

DA Davidson Gary Tenner 85% 1-year accuracy 35 / 41 met price target	19% upside $33	Buy Maintained	24 Oct 2024
Piper Sandler Stephen Scouten 88% 1-year accuracy 21 / 24 met price target	8% upside $30	Overweight Maintained	24 Oct 2024