423,227 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Purchased by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. purchased a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 423,227 shares of the financial services provider's stock, valued at approximately $11,139,000. Basswood Capital Management L.L.C. owned about 0.78% of Veritex as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sippican Capital Advisors lifted its stake in shares of Veritex by 0.4% during the 3rd quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider's stock worth $2,612,000 after acquiring an additional 400 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Veritex by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 500 shares in the last quarter. Point72 DIFC Ltd raised its position in Veritex by 16.5% during the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 816 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Veritex during the 2nd quarter valued at $25,000. Finally, Harbor Capital Advisors Inc. raised its position in Veritex by 9.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,957 shares of the financial services provider's stock valued at $446,000 after purchasing an additional 1,405 shares in the last quarter. 88.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of Veritex stock in a transaction dated Monday, October 28th. The stock was 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 5.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the sale, the director now directly owns 62,643 shares of the company's stock, valued at approximately $1,894,950.75. This represents a 21.17 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

Veritex Stock Up 0.5 %

Shares of NASDAQ:VBTX traded up $0.16 on Monday, reaching $30.57. The company had a trading volume of 77,201 shares, compared to its average volume of 401,769. Veritex Holdings, Inc. has a 52-week low of $18.08 and a 52-week high of $31.62. The firm's 50 day simple moving average is $27.69 and its 200-day simple moving average is $24.24. The firm has a market capitalization of $1.67 billion, a PE ratio of 19.49 and a beta of 1.36. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

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

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.62%. Veritex's dividend payout ratio (DPR) is 51.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VBTX. StockNews.com raised Veritex from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Piper Sandler lifted their target price on Veritex from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods lowered Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. DA Davidson lifted their target price on Veritex from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Raymond James upgraded Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price target on the stock in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.