Group 1 - Veritex Holdings (VBTX) shares increased by 19.5% to $32.82, with a higher-than-average trading volume, compared to a 12.2% gain over the past four weeks [1][2] - The company has entered into a definitive merger agreement with Huntington, valued at $1.9 billion, expected to close in early Q4 2025, pending regulatory approvals [2][3] - The merger will provide Veritex access to Huntington's national scale, advanced digital banking tools, and broader financial services, enhancing operational efficiency and capital resources [3] Group 2 - Veritex is expected to report quarterly earnings of $0.55 per share, reflecting a year-over-year increase of 5.8%, with revenues projected at $109.9 million, up 2.9% from the previous year [4] - The consensus EPS estimate for Veritex has been revised 1.8% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [5] - Veritex Holdings is part of the Zacks Banks - Southeast industry, with a current Zacks Rank of 3 (Hold) [5]
Strength Seen in Veritex Holdings (VBTX): Can Its 19.5% Jump Turn into More Strength?