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Veritex (VBTX) has issued an update.
Veritex Holdings, Inc. has launched a Stock Buyback Program, authorizing the repurchase of up to $50 million of its common stock by March 31, 2025, with the flexibility to adjust, suspend, or terminate the program. Funded by the company’s cash reserves and operations, the buyback depends on market conditions and isn’t an obligation to buy any specific number of shares. Concurrently, Veritex has restructured its investment portfolio, selling lower-yielding securities for a loss and reinvesting in higher-yielding ones, aiming to enhance financial performance. Investors are cautioned that forward-looking statements in these announcements involve risks and should not be solely relied upon.
For detailed information about VBTX stock, go to TipRanks’ Stock Analysis page.
