Is Veritex Holdings, Inc. overvalued or undervalued?

As of 21 July 2025, the valuation grade for Veritex Holdings, Inc. has moved from very attractive to attractive, indicating a shift in perception regarding its investment potential. The company appears to be fairly valued given its P/E ratio of 13, a price to book value of 0.93, and a PEG ratio of 0.71. In comparison to its peers, Customers Bancorp, Inc. has a lower P/E of 11.99, while First Bancorp (North Carolina) is considered expensive with a P/E of 23.74, suggesting that Veritex is positioned competitively within its industry.
Despite the recent downgrade in valuation grade, Veritex has demonstrated strong performance, with a year-to-date return of 28.06%, significantly outperforming the S&P 500's return of 12.22% over the same period. This performance, coupled with a robust dividend yield of 143.53%, reinforces the notion that Veritex Holdings, Inc. is fairly valued in the current market landscape.