For its second fiscal quarter (ending June 30), Veritex Holdings Inc (NASDAQ: VBTX) has reported a -19% decline in E.P.S. from $0.62 a year ago to $0.50 in the current quarter. This result fell short of the consensus estimate of $0.53 by $-0.03. E.P.S. were $1.60 for the latest four quarters through June 30 versus $2.87 for the same period a year ago — a decline of -44%.
Recent Price Action
Veritex Holdings Inc (NASDAQ: VBTX) stock closed at $24.38 on 7/23/24 after an increase of 1.2%. Moreover, exceptionally high trading volume at 203% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 6.0% during the last week.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Veritex Holdings has a neutral Power Rating of 51 but a good Appreciation Score of 81, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment