Extremely important positive changes in investment behavior have recently occurred for Veritex Holdings Inc (NASDAQ: VBTX): the stock rose on very heavy volume, and positive upside/downside volume developed.
Meaningful positive changes in fundamentals have recently occurred for Veritex Holdings Inc (NASDAQ: VBTX): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
VBTX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Veritex Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Veritex Holdings has a good Power Rating of 72 and a good Appreciation Score of 82, producing the Highest Value Trend Rating.
Recent Price Action
Veritex Holdings Inc (NASDAQ: VBTX) stock rose modestly by 0.4% on 12/15/23. The stock closed at $23.32. Moreover, exceptionally high trading volume at 585% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.8% during the last week.
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