Noteworthy Stock: Veritex Holdings Inc (NASDAQ: VBTX)

Veritex Holdings, Inc. (VBTX) recently reported the outcomes for the quarter ended September 30, 2019. The Company mentioned net earnings of $27.4 M, or $0.51 watered down profits per share (” EPS”), contrast to $26.9 M, or $0.49 watered down EPS, for the quarter ended June 30, 2019 and $8.9 M, or $0.36 watered down EPS, for the quarter ended September 30, 2018. Operating earnings amounted to $28.6 M, or $0.53 watered down operating EPS1, contrast to $32.2 M, or $0.59 diluted running EPS1, for the quarter ended June 30, 2019 and $10.4 M, or $0.42 watered down running EPS1, for the quarter ended September 30, 2018.

On 22 Oct 2019, Veritex Holdings Inc (NASDAQ: VBTX) stock dropped -1.66% and closed at 24.9. Its current trading capability is 401,907 shares versus to its average trading volume of 361401 shares. The businesss stocks lowest price point for the session stood at $24.37.

3rd Quarter 2019 Highlights:

VBTX cost changed up 3.70% 20-Days Simple Moving Average, added 3.74% from 50-Days Simple Moving Average and fell -1.27% from 200 Days Simple Moving Average. In the trailing 12 months period, return on possessions ratio of the Company was 0.90% and return on equity ratio was 6.20% while its return on investment ratio was 17.70%. The stock as of last trading session moved 22.42% up from its 52-week low and was -12.72% behind its 52-week high.

VBTX rate changed up 3.70% 20-Days Simple Moving Average, added 3.74% from 50-Days Simple Moving Average and fell -1.27% from 200 Days Simple Moving Average. In the trailing 12 months duration, return on possessions ratio of the Company was 0.90% and return on equity ratio was 6.20% while its roi ratio was 17.70%. The stock since last trading session moved 22.42% up from its 52-week low and was -12.72% behind its 52-week high.

Diluted EPS was $0.51 and diluted operating EPS1was $0.53 for the 3rd quarter of 2019, resulting in a 26.2% increase in diluted operating EPS contrast to the third quarter of 2018;
Reserve value per common share was $23.02 and tangible book worth per ordinary share1was $14.61 for the 3rd quarter of 2019, reflecting running earnings, merger expenditures, dividends and share repurchase activity;
Return on average assets was 1.36%, running return usually assets1was 1.42% and pre-tax, pre-provision operating return on typical assets1was 2.26% for the third quarter of 2019;
Effectiveness ratio was 43.67% and operating performance ratio1was 42.36% for the 3rd quarter of 2019, reflecting three consecutive quarters of running efficiency ratio1below 44%;.
Increased and extended prior to reported stock buyback program. In the 3rd quarter of 2019, Veritex bought 1,177,241 shares of its outstanding regular stock under its stock buyback program for an aggregate of $29.0 M leading to an aggregate of 2,349,103 shares since September 30, 2019;.

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