Analysts Set Price Target for Veritex Holdings, at $23.83

🌥️Trending News

Analysts have recently set a price target of $23.83 for Veritex Holdings ($NASDAQ:VBTX), Inc., a financial services company based in Dallas, Texas. Veritex provides commercial banking solutions and services to businesses and individuals throughout the state of Texas. It operates through traditional banking services, such as deposit accounts, consumer and commercial loans, trust services, mortgage banking, and wealth management services. The company is well-known for its strong commitment to customer service, and its customers have expressed satisfaction with their experience.

Its management team is experienced, knowledgeable, and committed to providing the best possible service to its customers while delivering strong financial performance. The recent analyst’s price target of $23.83 suggests that Veritex Holdings, Inc. is well-positioned to continue to grow and thrive in the years ahead. With its strong commitment to customer service, experienced management team, and solid financial performance, the company looks to remain a major player in the financial services industry.

Price History

The stock market opened with VERITEX HOLDINGS stock trading at $17.9 and closed at $17.8, representing a slight increase of 0.2% from the prior closing price of 17.8. This increase was realized despite the broader market volatility and the strong downward trend in the banking sector. Analysts are optimistic that VERITEX HOLDINGS will continue to show solid growth in the near future, due to its strong fundamentals and potential for further expansion. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Veritex Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Veritex Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Veritex Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Veritex Holdings are shown below. More…

Analysis

GoodWhale has conducted a thorough examination of the fundamentals of VERITEX HOLDINGS. According to our Star Chart evaluation, VERITEX HOLDINGS is classified as a ‘cheetah’ – a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Our analysis also suggests that VERITEX HOLDINGS is strong in growth, asset, and medium in profitability, dividend. Moreover, it possesses a high health score of 7/10 considering its cashflows and debt, is capable to sustain future operations in times of crisis. Given these results, investors who are focused on capitalizing on the potential for high growth while accepting the risk of lower profitability may be interested in VERITEX HOLDINGS. However, investors with a lower risk appetite may not be suitable for this type of investment. More…

Peers

It operates through its subsidiary Veritex Community Bank and serves the Dallas-Fort Worth and Houston metropolitan areas of Texas. Veritex Holdings Inc faces competition from other financial companies such as Paragon Financial Solutions Inc, Hope Bancorp Inc, and Stellar Bancorp Inc. These companies also offer commercial banking services, making the marketplace competitive.

– Paragon Financial Solutions Inc ($OTCPK:PGNN)

Paragon Financial Solutions Inc is a financial services company based in Toronto, Canada. Its market cap of 9.17M as of 2022 reflects the company’s financial stability and strength in the industry. Paragon Financial Solutions Inc provides a variety of services such as corporate finance, capital markets, structured finance, and other related services. The company also provides consulting, research, and advisory services to clients all over the world. With its experienced team and innovative solutions, Paragon Financial Solutions Inc continues to provide its customers with quality services and advice.

– Hope Bancorp Inc ($NASDAQ:HOPE)

Hope Bancorp Inc is a financial services company based in Los Angeles, California. It provides commercial banking, real estate lending, international banking, and private banking services to small businesses, middle-market companies, and individuals. As of 2022, the company has a market cap of 1.53B, which reflects the strength of its business model and the trust investors have in the company. Hope Bancorp Inc continues to expand its product offerings and services to further its growth potential.

– Stellar Bancorp Inc ($NASDAQ:STEL)

Stellar Bancorp Inc is a financial services company based in the United States. The company provides banking, insurance, mortgage, and wealth management services to its customers. As of 2022, Stellar Bancorp Inc has a market cap of 1.54 billion dollars. This market capitalization is the total value of all of the company’s outstanding stock. Market capitalization is an important measure of a company’s size and it can be used to compare different companies. By having a market cap of 1.54 billion dollars, Stellar Bancorp Inc is one of the more sizeable companies in the financial services industry.

Summary

Veritex Holdings, Inc. is a financial services company providing a range of services to businesses, professionals, and individuals. Investment analysts have recently given the company a price target of $23.83. Investment analysts evaluate a company’s financial strength, performance and future prospects, making an educated guess on where the stock might be headed. They assess company management, competitive landscape, current trends in the market, and future prospects.

Analysts also look at the company’s financial ratios such as leverage, profitability, liquidity, and growth. After taking all of these into consideration, they will come up with a price target for potential investors. Ultimately, investors should do their own research before making an investment decision.