Veritex Holdings Intrinsic Stock Value – Alberta Investment Management Corp Invests Big in Veritex Holdings, with $1.74 Million
December 20, 2023
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Veritex Holdings ($NASDAQ:VBTX), Inc. has recently been the recipient of a sizeable investment from Alberta Investment Management Corp. (AIMCo). AIMCo has invested $1.74 million in the Dallas-based bank holding company. Veritex Holdings, Inc. is a bank holding company with its core business centred around banking, mortgage origination, and a host of other financial services and products. The company is traded on the Nasdaq Global Select Market under the symbol VBTX.
Veritex is also a member of the FDIC and an Equal Housing Lender. The investment from AIMCo marks a significant milestone for Veritex Holdings, Inc. With this funding, the company will be able to strengthen its balance sheet and expand its operations to new markets. This will enable Veritex to better serve its customers and create long-term value for its shareholders.
Market Price
AIMCo purchased $1.74 million of Veritex’s stock and the company’s stock opened at $23.5 and closed at $23.2, down by 0.4% from the previous closing price of 23.3. This is a significant move for the company as AIMCo’s investment will provide them with a strong financial backing, allowing them to continue expanding their business ventures and operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritex Holdings. More…
| Total Revenues | Net Income | Net Margin |
| – | 144.66 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritex Holdings. More…
| Operations | Investing | Financing |
| 181.41 | -353.71 | 451.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritex Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.35k | 10.86k | – |
Key Ratios Snapshot
Some of the financial key ratios for Veritex Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Veritex Holdings Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of VERITEX HOLDINGS‘ health and wellbeing. Through our proprietary Valuation Line, we have determined that the fair value of VERITEX HOLDINGS’ share is approximately $36.1. However, the current market value of VERITEX HOLDINGS stock is $23.2, meaning it is undervalued by 35.6%. This presents an attractive buying opportunity for investors looking to take advantage of the current discount. More…
Peers
It operates through its subsidiary Veritex Community Bank and serves the Dallas-Fort Worth and Houston metropolitan areas of Texas. Veritex Holdings Inc faces competition from other financial companies such as Paragon Financial Solutions Inc, Hope Bancorp Inc, and Stellar Bancorp Inc. These companies also offer commercial banking services, making the marketplace competitive.
– Paragon Financial Solutions Inc ($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. recently received an investment of $1.74 million from Alberta Investment Management Corp (AIMCo). AIMCo’s investment in Veritex Holdings demonstrates their confidence in the company’s long-term potential. Veritex Holdings is a banking company specializing in providing commercial banking, mortgage banking, and wealth management services to its customers. Analysts believe the company has a robust business model and is well positioned for growth, citing its strong balance sheet, efficient operations, and diversified revenue stream.
The recent investment from AIMCo will help Veritex Holdings to expand its operations and develop new products and services. Going forward, AIMCo’s investment could further accelerate the company’s growth prospects and provide shareholders with long-term value.
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