Veritex Holdings, Inc. (VBTX, Financial) has announced its financial results for the first quarter, highlighting a tangible book value per share of $22.33. The company has also reported a Common Equity Tier 1 (CET1) capital ratio of 11.04%, reflecting its solid financial position.
C. Malcolm Holland, III, Chairman and CEO of Veritex Holdings, emphasized the company's ongoing commitment to bolstering its balance sheet amid a dynamic and uncertain market landscape. Holland underscored that Veritex continues to witness improvements in its key operating financial and credit performance metrics.
Looking ahead, Veritex remains dedicated to achieving its previously stated 2025 objectives, with a focus on exceeding a return on average assets (ROAA) of 1%. Additionally, the company is concentrating on disciplined loan growth, a challenging endeavor given the current industry conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Veritex Holdings Inc (VBTX, Financial) is $31.83 with a high estimate of $34.00 and a low estimate of $30.00. The average target implies an upside of 43.91% from the current price of $22.12. More detailed estimate data can be found on the Veritex Holdings Inc (VBTX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Veritex Holdings Inc's (VBTX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Veritex Holdings Inc (VBTX, Financial) in one year is $26.99, suggesting a upside of 22.02% from the current price of $22.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Veritex Holdings Inc (VBTX) Summary page.
