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VBTX

Veritex

$26.94

-0.17 (-0.63%)

19:29
10/23/17
10/23
19:29
10/23/17
19:29

Veritex reports Q3 core EPS 28c, consensus 30c

For the three months ended September 30, 2017, net interest income before provision for loan losses was $19.1 million and net interest margin was 3.78% compared to $12.4 million and 3.53%, respectively, for the three months ended June 30, 2017. The $6.7 million increase from the three months ended June 30, 2017 was primarily due to an increase in interest income on loans, which was driven by increased volume in all loan categories resulting from loans acquired from Sovereign on August 1, 2017 of $750.9 million, as well as organic loan growth during the third quarter of 2017 of $53.3 million. Net interest margin increased 25 basis points from the three months ended June 30, 2017 primarily due to a change in mix of earning assets resulting from increases in loans, which tend to yield greater interest rates than other interest earning assets such as investment securities and interest bearing deposits in other banks.

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    Oct

VBTX Veritex
$26.94

-0.17 (-0.63%)

03/21/17
DADA
03/21/17
INITIATION
Target $34
DADA
Buy
Veritex initiated with a Buy at DA Davidson
DA Davidson analyst Gary Tenner started Veritex Holdings with a Buy rating and $34 price target. The company has a diversified loan mix, "strong" credit metrics and growing scale in the Dallas-Ft. Worth market, the analyst contends.
02/09/17
PIPR
02/09/17
INITIATION
Target $30
PIPR
Neutral
Veritex initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Brett Rabatin started Veritex Holdings with a Neutral rating and $30 price target.

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