Veritex Holdings Stock Slips 6% As Stephens Downgrades Stock To Equal Weight

Shares of Veritex Holdings, Inc. (VBTX) are slipping over 6% on Wednesday morning after analysts at Stephens downgraded the company's stock from an "overweight" rating to an "equal weight" rating.

VBTX is currently trading at $27.15, down $1.85 or 6.38%, on the Nasdaq. The stock opened its trading at $28.49 after closing Tuesday's trading at $29.00. The stock has traded between $26.85 and $45.36 in the past 52-week period.

The analysts also lowered the stock's price target to $32 from $36.

Veritex Holdings operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals.

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