True North Advisors LLC Invests $443,000 in Veritex Holdings, Inc. (NASDAQ:VBTX)

True North Advisors LLC acquired a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,295 shares of the financial services provider's stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider's stock worth $51,566,000 after acquiring an additional 299,562 shares during the last quarter. Renaissance Technologies LLC bought a new position in Veritex in the 2nd quarter worth approximately $730,000. Intech Investment Management LLC bought a new position in Veritex in the 2nd quarter worth approximately $458,000. Public Employees Retirement Association of Colorado bought a new position in Veritex in the 2nd quarter valued at $208,000. Finally, Sei Investments Co. increased its stake in shares of Veritex by 16.8% in the 2nd quarter. Sei Investments Co. now owns 232,036 shares of the financial services provider's stock valued at $4,894,000 after buying an additional 33,339 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Trading Down 0.4 %

VBTX traded down $0.10 during midday trading on Thursday, reaching $26.33. 397,071 shares of the company were exchanged, compared to its average volume of 444,662. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. Veritex Holdings, Inc. has a one year low of $18.08 and a one year high of $31.62. The stock has a market capitalization of $1.43 billion, a P/E ratio of 16.88 and a beta of 1.38. The stock's 50-day simple moving average is $28.22 and its 200 day simple moving average is $26.15.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. Veritex's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. As a group, analysts forecast that Veritex Holdings, Inc. will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VBTX. StockNews.com raised Veritex from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lowered 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 company a "buy" rating in a research note on Thursday, October 24th. Finally, Piper Sandler raised their target price 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. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Veritex currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.40.

Insider Transactions at Veritex

In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of Veritex stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total value of $353,795.13. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction that occurred 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 transaction, the director now directly owns 62,643 shares in the company, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company's stock.

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.