Bullish indicating open at $55-$60, IPO prices at $37
Veritex Holdings Inc (NASDAQ:VBTX). stock reached a significant milestone, hitting a 52-week high at 32.18 USD. The $1.49 billion market cap regional bank trades at an attractive P/E ratio of 13.4, and according to InvestingPro analysis, the stock appears slightly undervalued at current levels. This achievement reflects a robust performance over the past year, with the company’s stock delivering an impressive 28.18% return. The surge to this 52-week high underscores investor confidence and the company’s strong market position. As Veritex Holdings continues to navigate the financial landscape, this upward trend highlights its resilience and growth potential in the competitive banking sector. InvestingPro analysis reveals several additional positive indicators, including strong returns over both three-month and five-year periods. Discover more insights with InvestingPro’s comprehensive research report, available along with 6 additional ProTips for this stock.
In other recent news, Huntington Bancshares (NASDAQ:HBAN) has announced an agreement to acquire Veritex Holdings in an all-stock transaction valued at $1.9 billion. This acquisition aims to expand Huntington’s presence in key Texas markets, including Dallas, Fort Worth, and Houston. Veritex shareholders will receive 1.95 Huntington shares for each Veritex share they own, translating to a value of $33.91 per Veritex share. The deal is expected to close in the early fourth quarter of 2025, pending regulatory approvals. Additionally, Veritex Holdings recently reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share of $0.54 compared to the forecast of $0.52. However, revenue slightly missed expectations, coming in at $109.73 million against a predicted $110.68 million. In other developments, Veritex Holdings held its annual shareholder meeting, where all nominated directors were elected, and the company’s 2025 Amended and Restated Omnibus Incentive Plan was approved. The appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was also ratified by shareholders.
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