Veritex Holdings Inc (NASDAQ:VBTX) CEO C Malcolm Holland III sold 3,750 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $30.60, for a total value of $114,750.00. Following the transaction, the chief executive officer now owns 92,252 shares in the company, valued at $2,822,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:VBTX traded down $0.44 during trading hours on Wednesday, reaching $30.26. 6,590 shares of the stock were exchanged, compared to its average volume of 142,159. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. Veritex Holdings Inc has a twelve month low of $23.84 and a twelve month high of $33.08. The stock has a market capitalization of $740.46 million, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39.
Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Veritex had a return on equity of 6.53% and a net margin of 23.09%. The company had revenue of $30.22 million for the quarter, compared to analysts’ expectations of $29.60 million. sell-side analysts expect that Veritex Holdings Inc will post 1.78 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in VBTX. Schwab Charles Investment Management Inc. raised its stake in shares of Veritex by 20.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 82,613 shares of the financial services provider’s stock valued at $2,286,000 after acquiring an additional 13,882 shares in the last quarter. Northern Trust Corp raised its stake in Veritex by 4.5% in the first quarter. Northern Trust Corp now owns 189,810 shares of the financial services provider’s stock valued at $5,252,000 after buying an additional 8,147 shares in the last quarter. Teton Advisors Inc. acquired a new stake in Veritex in the first quarter valued at $2,571,000. Dimensional Fund Advisors LP raised its stake in Veritex by 36.3% in the first quarter. Dimensional Fund Advisors LP now owns 639,768 shares of the financial services provider’s stock valued at $17,702,000 after buying an additional 170,247 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Veritex in the first quarter valued at $18,684,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
A number of research analysts have commented on VBTX shares. BidaskClub upgraded Veritex from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Sandler O’Neill restated a “buy” rating and set a $37.00 price target on shares of Veritex in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut Veritex from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $34.00.
Veritex Company Profile
Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.
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