The stock of Veritex Holdings Inc (NASDAQ:VBTX) reached all time high today, Oct, 12 and still has $23.21 target or 31.00% above today’s $17.72 share price. This indicates more upside for the $191.73M company. This technical setup was reported by Barchart.com. If the $23.21 PT is reached, the company will be worth $59.44 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock last traded at $17.72 per share. It is down 26.03% since March 9, 2016 and is uptrending. It has outperformed by 18.62% the S&P500.
Analysts await Veritex Holdings Inc (NASDAQ:VBTX) to report earnings on October, 25.
According to Zacks Investment Research, “Veritex Holdings, Inc. is a bank holding company. The Bank, through its wholly owned subsidiary, Veritex Community Bank conducts its banking activities. Veritex Community Bank provides various commercial banking services to individual and corporate customers. The company offers a range of deposit accounts, loans and a range of online banking solutions. It offers debit cards, night depository services, direct deposits, cashier’s checks, and letters of credit; cash management deposit products, as well as treasury management services. Veritex Holdings, Inc. is headquartered in Dallas, Texas.”
More important recent Veritex Holdings Inc (NASDAQ:VBTX) news were published by: Globenewswire.com which released: “Veritex Holdings, Inc. Completes Acquisition of IBT Bancorp, Inc.” on July 01, 2015, also Globenewswire.com published article titled: “Veritex Holdings, Inc. Announces Agreement to Acquire IBT Bancorp, Inc.”, Equitiesfocus.com published: “Veritex Holdings, Inc. (NASDAQ:VBTX) Reported Basic Consolidated EPS Of $0.8737” on September 30, 2016. More interesting news about Veritex Holdings Inc (NASDAQ:VBTX) was released by: Equitiesfocus.com and their article: “Veritex Holdings, Inc. (NASDAQ:VBTX) Basic Net EPS Stands At $0.86” with publication date: September 16, 2016.
VBTX Company Profile
Veritex Holdings, Inc., incorporated on July 10, 2009, is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking services and products tailored to meet the needs of small to medium-sized businesses and professionals. The Firm operates through community banking segment. 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 full 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 (ATMs), and banking by telephone, mail and personal appointment. 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. The Company’s cash management deposit products consist of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts and sweep accounts, including loan sweep.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.