Veritex set for record high after increasing share buyback program

Veritex Holdings

15/09/2021 23:06

** Shares of Texas-based bank holding co  VBTX.O  up 11% at
$38.94 in extended trading - stock set to open at a record high
    ** Co raises planned share buybacks to $250 million from
$175.0 million, and extends program by a year to Dec. 2022 
    ** Says has already repurchased about $163.8 million worth
of shares under the program    
    ** Co has 49.5 mln outstanding shares with a market cap of
$1.74 bln, per Refinitv data    
    ** VBTX set for its best day in over ten months if gains
hold on Thursday
    ** Stock up 36.6% this year 

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))