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BUZZ-US bank Veritex rises after extending stock buyback program

Reuters
Apr 01, 2025
BUZZ-US bank Veritex rises after extending stock buyback program

** Shares of regional lender Veritex Holdings VBTX.O rise as much as 2.8%; last up 1.1% at $24.76

** VBTX authorizes extension of stock buyback program through March 31, 2026, wherein the bank can purchase up to $50 million worth of shares

** To date, the bank has repurchased 555,016 shares, or $13.1 million worth of shares under the stock buyback program - VBTX

** Raymond James analyst Michael Rose says buybacks were greater-than-expected in Q1 2025

** VBTX has 54.5 million outstanding shares, per LSEG data

** 4 of 6 brokerages rate stock "buy" or higher and 2 "hold"; median PT $32.25 - data compiled by LSEG

** As of last close, VBTX stock down 10% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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