Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 85.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,705 shares of the financial services provider's stock after selling 72,953 shares during the quarter. GSA Capital Partners LLP's holdings in Veritex were worth $334,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter valued at approximately $25,000. CWM LLC grew its holdings in Veritex by 1,302.9% during the 2nd quarter. CWM LLC now owns 3,339 shares of the financial services provider's stock valued at $70,000 after buying an additional 3,101 shares during the last quarter. Point72 DIFC Ltd increased its position in Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock worth $122,000 after buying an additional 816 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Veritex in the first quarter worth $177,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Veritex in the second quarter valued at $208,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veritex

In other news, CEO C Malcolm Holland III sold 12,777 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total value of $353,795.13. Following the completion of the sale, the chief executive officer now owns 224,132 shares in the company, 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 link. Also, Director John Sughrue sold 16,820 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the transaction, the director now directly owns 62,643 shares in the company, valued at $1,894,950.75. This trade represents a 21.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VBTX shares. Keefe, Bruyette & Woods cut Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. Raymond James upgraded shares of Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a report on Tuesday, September 17th. DA Davidson boosted their price objective on shares of Veritex from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Piper Sandler raised their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Veritex currently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Veritex Trading Up 2.4 %

Veritex stock traded up $0.70 during trading on Friday, reaching $30.07. The company had a trading volume of 388,416 shares, compared to its average volume of 404,820. Veritex Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $30.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The stock's 50 day moving average price is $27.19 and its two-hundred day moving average price is $23.86. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.28 and a beta of 1.36.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) 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 company had revenue of $113.17 million during the quarter, compared to analysts' expectations of $110.22 million. During the same period in the previous year, the company earned $0.60 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Veritex Holdings, Inc. will post 2.17 earnings per share for the current fiscal year.

Veritex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, November 8th. Veritex's dividend payout ratio is currently 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.