Veritex Holdings, Inc. (NASDAQ:VBTX) is a regional bank holding company based in Texas, offering a range of banking services to individual and business clients. On July 14, 2025, William Blair upgraded VBTX to "Outperform," with the stock priced at $32.83. This upgrade reflects positive sentiment towards the company's future performance.
Huntington Bancshares, a U.S. regional lender, plans to acquire Veritex in a $1.9 billion deal. This acquisition aims to strengthen Huntington's market presence, particularly in Texas. Veritex's assets, loans, and deposits, reported at $13 billion, $9 billion, and $11 billion respectively as of March 31, 2025, will enhance Huntington's operational capabilities.
The acquisition is expected to bolster Huntington's growth in the Dallas/Fort Worth and Houston areas. Huntington's preliminary second-quarter results show strong growth in loans and deposits, sustained revenue and profit growth, and excellent credit performance, supporting its long-term growth ambitions.
VBTX's stock price has seen a significant increase of 19.77%, reaching $32.89. The stock has fluctuated between $32.22 and $33.69 today, with $33.69 marking its highest price over the past year. The lowest price for the year was $20.10. VBTX has a market capitalization of approximately $1.78 billion, with a trading volume of 6,669,895 shares.
