Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) CEO C Malcolm Holland III sold 12,777 shares of the 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 transaction, the chief executive officer now owns 224,132 shares in the company, valued at $6,206,215.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Veritex Stock Performance
Shares of VBTX stock traded down $0.51 during midday trading on Monday, hitting $26.52. The company had a trading volume of 229,091 shares, compared to its average volume of 404,620. Veritex Holdings, Inc. has a 52-week low of $17.43 and a 52-week high of $28.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50 day simple moving average is $25.81 and its 200 day simple moving average is $22.98. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 17.00 and a beta of 1.36.
Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The firm had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. During the same period last year, the firm posted $0.60 EPS. Veritex's quarterly revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Veritex Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.
Veritex Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 3.02%. Veritex's dividend payout ratio is currently 51.28%.
Analyst Ratings Changes
Several equities analysts have issued reports on VBTX shares. 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. 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 research note on Tuesday, September 17th. Keefe, Bruyette & Woods cut Veritex from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 24th. DA Davidson raised their target price on shares of Veritex from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Veritex from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Veritex has a consensus rating of "Moderate Buy" and an average price target of $29.40.
Get Our Latest Research Report on VBTX
Institutional Investors Weigh In On Veritex
A number of hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Veritex in the second quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new stake in Veritex during the first quarter worth about $29,000. CWM LLC grew its position in Veritex by 1,302.9% during the second quarter. CWM LLC now owns 3,339 shares of the financial services provider's stock worth $70,000 after buying an additional 3,101 shares during the period. Point72 DIFC Ltd increased its holdings in Veritex by 16.5% in the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock valued at $122,000 after buying an additional 816 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Veritex during the 1st quarter valued at approximately $177,000. Institutional investors and hedge funds own 88.31% of the company's stock.
Veritex Company Profile
(
Get Free Report)
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.
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