On Monday, Veritex Holdings Inc (NASDAQ: VBTX) was -1.89% drop from the session before settling in for the closing price of $27.52. A 52-week range for VBTX has been $15.93 – $28.09.
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Annual sales at Financial sector company grew by 48.59% over the past five years. When this article was written, the company’s average yearly earnings per share was at 3.87%. With a float of $52.01 million, this company’s outstanding shares have now reached $54.34 million.
Let’s look at the performance matrix of the company that is accounted for 820 employees. In terms of profitability, gross margin is 109.82%, operating margin of 17.56%, and the pretax margin is 16.86%.
Veritex Holdings Inc (VBTX) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Veritex Holdings Inc stocks. The insider ownership of Veritex Holdings Inc is 4.36%, while institutional ownership is 87.78%. The most recent insider transaction that took place on Oct 31 ’23, was worth 29,998. In this transaction Director of this company bought 1,734 shares at a rate of $17.30, taking the stock ownership to the 29,636 shares.
Veritex Holdings Inc (VBTX) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.6 earnings per share (EPS) during the time that was less than consensus figure (set at 0.64) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 4.39% growth over the previous five years of trading.
Veritex Holdings Inc (NASDAQ: VBTX) Trading Performance Indicators
You can see what Veritex Holdings Inc (VBTX) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86. Likewise, its price to free cash flow for the trailing twelve months is 11.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.60, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.28 in one year’s time.
Technical Analysis of Veritex Holdings Inc (VBTX)
Veritex Holdings Inc (NASDAQ: VBTX) saw its 5-day average volume 0.52 million, a positive change from its year-to-date volume of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 82.39%. Additionally, its Average True Range was 0.72.
During the past 100 days, Veritex Holdings Inc’s (VBTX) raw stochastic average was set at 87.64%, which indicates a significant increase from 71.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.26% in the past 14 days, which was lower than the 32.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.88, while its 200-day Moving Average is $21.87. Nevertheless, the first resistance level for the watch stands at $27.38 in the near term. At $27.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.00. If the price goes on to break the first support level at $26.76, it is likely to go to the next support level at $26.52. Assuming the price breaks the second support level, the third support level stands at $26.14.
Veritex Holdings Inc (NASDAQ: VBTX) Key Stats
There are 54,525K outstanding shares of the company, which has a market capitalization of 1.47 billion. As of now, sales total 745,980 K while income totals 108,260 K. Its latest quarter income was 201,830 K while its last quarter net income were 27,200 K.
