Veritex Holdings Inc (NASDAQ: VBTX) has benefited from extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent slight positive changes in fundamentals have benefitted Veritex Holdings Inc (NASDAQ: VBTX): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
VBTX is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Veritex Holdings has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Veritex Holdings has a neutral Power Rating of 54 but a good Appreciation Score of 84, producing the Positive Value Trend Rating.
Recent Price Action
Veritex Holdings Inc (NASDAQ: VBTX) stock closed at $20.64 on 5/8/24 after an increase of 1.6%. However, trading volume in this advance was unusually low at 62% of normal. The stock has risen 6.0% during the last week and has performed in line with the market over the last nine months.
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