VBTX Stock Summary and Trading Ideas (Veritex Holdings | NASDAQ:VBTX)

Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. The company's primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments.

Veritex Holdings trades on the NASDAQ stock market under the symbol VBTX.

As of April 24, 2024, VBTX stock price climbed to $20.79 with 480,451 million shares trading.

VBTX has a beta of 1.55, meaning it tends to be more sensitive to market movements. VBTX has a correlation of 0.23 to the broad based SPY ETF.

VBTX has a market cap of $1.13 billion. This is considered a Small Cap stock.

Last quarter Veritex Holdings reported $99 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-9 million and missed earnings estimates by -$.03.

In the last 3 years, VBTX stock traded as high as $45.36 and as low as $14.88.

The top ETF exchange traded funds that VBTX belongs to (by Net Assets): IJR, VTI, IWM, VXF, IJS.

VBTX has underperformed the market in the last year with a return of +21.9%, while the SPY ETF gained +24.2%. In the last 3 month period, VBTX fell short of the market, returning -6.7%, while SPY returned +4.6%. However, in the most recent 2 weeks VBTX has outperformed the stock market by returning +1.3%, while SPY returned -2.7%.

VBTX support price is $20.29 and resistance is $21.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VBTX stock will trade within this expected range on the day.