Raymond James analyst Michael Rose lowered the firm’s price target on Veritex (VBTX) to $31 from $32 and keeps a Strong Buy rating on the shares. Veritex’s Q4 results fell short of consensus estimates, though the initial sting of its net interest margin miss and smaller balance sheet were partially assuaged by its forward outlook on the call where it believes it can achieve a 1% Return on Assets as early as the third quarter of 2025, the analyst tells investors in a research note. Raymond James continues to view risk-reward positively as Veritex shifts from transformation to growth and should see a rebound in profitability in the first quarter of 2025.
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