Frontier Investment Mgmt Co. bought a new position in Veritex Holdings Inc (NASDAQ:VBTX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,596 shares of the financial services provider’s stock, valued at approximately $265,000.
Other hedge funds have also bought and sold shares of the company. Putnam FL Investment Management Co. bought a new stake in Veritex in the third quarter worth approximately $662,000. Vanguard Group Inc. grew its position in Veritex by 10.3% in the second quarter. Vanguard Group Inc. now owns 555,031 shares of the financial services provider’s stock worth $14,614,000 after acquiring an additional 51,747 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Veritex in the third quarter worth approximately $1,164,000. Northern Trust Corp grew its position in Veritex by 28.4% in the second quarter. Northern Trust Corp now owns 160,582 shares of the financial services provider’s stock worth $4,227,000 after acquiring an additional 35,520 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Veritex by 52.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 4,304 shares in the last quarter. 66.45% of the stock is owned by institutional investors.
Shares of Veritex Holdings Inc (NASDAQ:VBTX) opened at $28.07 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $676.77, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.53. Veritex Holdings Inc has a 1 year low of $23.84 and a 1 year high of $29.43.
Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.08). The firm had revenue of $28.05 million for the quarter, compared to the consensus estimate of $25.90 million. Veritex had a return on equity of 5.71% and a net margin of 18.67%. sell-side analysts predict that Veritex Holdings Inc will post 1.86 EPS for the current fiscal year.
VBTX has been the subject of several recent research reports. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Saturday, January 13th. Keefe, Bruyette & Woods initiated coverage on shares of Veritex in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $33.00 target price for the company. BidaskClub downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Piper Jaffray Companies raised shares of Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.90.
In related news, Vice Chairman William C. Murphy sold 55,690 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $28.93, for a total transaction of $1,611,111.70. Following the completion of the sale, the insider now directly owns 37,111 shares of the company’s stock, valued at approximately $1,073,621.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Clayton Riebe acquired 1,775 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $28.38 per share, with a total value of $50,374.50. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by corporate insiders.
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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.
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