Veritex Holdings, Inc. (NASDAQ:VBTX) CEO Sells $353,795.13 in Stock

Veritex Holdings, Inc. (NASDAQ:VBTX) CEO C Malcolm Holland III sold 12,777 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the sale, the chief executive officer now owns 224,132 shares of the company’s stock, valued at approximately $6,206,215.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Veritex Stock Up 13.0 %

NASDAQ VBTX opened at $30.34 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a fifty-two week low of $17.43 and a fifty-two week high of $30.64. The business has a 50 day moving average price of $25.97 and a two-hundred day moving average price of $23.08. The stock has a market cap of $1.65 billion, a PE ratio of 19.45 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Veritex Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, November 8th. Veritex’s dividend payout ratio (DPR) is 51.28%.

Institutional Investors Weigh In On Veritex

A number of hedge funds have recently bought and sold shares of VBTX. Vanguard Group Inc. raised its position in shares of Veritex by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,772,114 shares of the financial services provider’s stock valued at $87,777,000 after purchasing an additional 52,933 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Veritex by 16.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock valued at $34,193,000 after acquiring an additional 235,154 shares in the last quarter. Quantbot Technologies LP boosted its stake in Veritex by 1,599.8% during the 1st quarter. Quantbot Technologies LP now owns 39,232 shares of the financial services provider’s stock valued at $804,000 after acquiring an additional 36,924 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Veritex in the 2nd quarter worth about $566,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Veritex in the 2nd quarter valued at about $730,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VBTX shares. Stephens boosted their price objective on shares of Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. DA Davidson upped their price target on Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Piper Sandler raised their price target on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Veritex has an average rating of “Moderate Buy” and a consensus target price of $29.40.

About Veritex

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.