Veritex Holdings, Inc. (NASDAQ:VBTX) Holdings Raised by Barclays PLC

Barclays PLC increased its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 63.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,609 shares of the financial services provider's stock after acquiring an additional 45,787 shares during the period. Barclays PLC owned approximately 0.22% of Veritex worth $3,095,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Veritex during the second quarter worth about $25,000. Systematic Financial Management LP purchased a new position in shares of Veritex during the 3rd quarter worth approximately $98,000. Point72 DIFC Ltd raised its position in shares of Veritex by 16.5% during the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock worth $122,000 after purchasing an additional 816 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Veritex by 295.8% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,438 shares of the financial services provider's stock valued at $196,000 after buying an additional 5,559 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Veritex in the 2nd quarter valued at approximately $208,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VBTX shares. Raymond James raised shares of Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 target price for the company in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods downgraded shares of Veritex from an "outperform" rating to a "market perform" rating in a report on Thursday, October 24th. Piper Sandler upped their price objective on shares of Veritex from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. DA Davidson lifted their target price on shares of Veritex from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Three investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

Insider Transactions at Veritex

In other news, CEO C Malcolm Holland III sold 12,777 shares of the firm'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. This trade represents a 5.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Sughrue sold 16,820 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the sale, the director now directly owns 62,643 shares in the company, valued at $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company's stock.

Veritex Trading Down 1.0 %

Shares of VBTX stock traded down $0.28 during mid-day trading on Tuesday, reaching $27.90. The company's stock had a trading volume of 237,045 shares, compared to its average volume of 402,915. Veritex Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $31.62. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.88 and a beta of 1.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $28.88 and its 200-day simple moving average is $25.22.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The firm had revenue of $113.17 million during the quarter, compared to analysts' expectations of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. Veritex's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, research analysts predict that Veritex Holdings, Inc. will post 2.17 EPS for the current fiscal year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. Veritex's dividend payout ratio is presently 51.28%.

Veritex Profile

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.