Veritex Holdings, Inc. (VBTX) Stake Increased by Nationwide Fund Advisors

Nationwide Fund Advisors grew its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 31.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,819 shares of the financial services provider’s stock after buying an additional 2,128 shares during the period. Nationwide Fund Advisors owned 0.06% of Veritex Holdings worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VBTX. Kennedy Capital Management Inc. lifted its position in shares of Veritex Holdings by 76.6% in the second quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock valued at $8,723,000 after buying an additional 143,718 shares during the last quarter. Northpointe Capital LLC lifted its position in shares of Veritex Holdings by 19.6% in the second quarter. Northpointe Capital LLC now owns 349,386 shares of the financial services provider’s stock valued at $9,199,000 after buying an additional 57,321 shares during the last quarter. Lebenthal Lisanti Capital Growth LLC lifted its position in shares of Veritex Holdings by 97.9% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 51,203 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 25,333 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Veritex Holdings by 224.2% in the second quarter. First Trust Advisors LP now owns 34,672 shares of the financial services provider’s stock valued at $913,000 after buying an additional 23,977 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Veritex Holdings by 50.3% in the second quarter. TIAA CREF Investment Management LLC now owns 38,654 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 12,930 shares during the last quarter. 52.56% of the stock is owned by institutional investors.

Shares of Veritex Holdings, Inc. (NASDAQ VBTX) opened at $25.83 on Tuesday. The firm has a market capitalization of $583.21, a P/E ratio of 26.28, a P/E/G ratio of 2.61 and a beta of 1.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $29.43.

Veritex Holdings (NASDAQ:VBTX) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $21.11 million for the quarter, compared to analyst estimates of $20.80 million. Veritex Holdings had a return on equity of 5.30% and a net margin of 21.85%. analysts predict that Veritex Holdings, Inc. will post 0.99 earnings per share for the current year.

A number of analysts have recently issued reports on VBTX shares. Stephens set a $32.00 price objective on Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Veritex Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $29.50 price objective (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. Finally, BidaskClub cut Veritex Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.83.

In other Veritex Holdings news, Director Ned N. Fleming III sold 19,800 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $26.12, for a total transaction of $517,176.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ned N. Fleming III sold 26,334 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $26.07, for a total value of $686,527.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 437,089 shares of company stock valued at $11,510,626. 6.90% of the stock is currently owned by insiders.

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Veritex Holdings Profile

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

Institutional Ownership by Quarter for Veritex Holdings (NASDAQ:VBTX)

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