Stephens analyst Matt Olney lowered the firm’s price target on Veritex to $19 from $22 and keeps an Equal Weight rating on the shares. The company’s Q3 results included improved liquidity and strong capital while maintaining a solid profitability profile, the analyst tells investors. In Q4 of 2023 and 2024, the firm expects additional balance sheet mix focus, which will improve the long-term franchise of the bank but could also slow earnings in the short-term.
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