Peregrine Capital Management LLC grew its holdings in shares of Veritex Holdings Inc (NASDAQ:VBTX) by 1.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 300,368 shares of the financial services provider’s stock after acquiring an additional 4,337 shares during the quarter. Peregrine Capital Management LLC owned about 0.60% of Veritex worth $5,317,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Veritex by 51.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,406 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Veritex during the first quarter worth $72,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Veritex by 311,500.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,232 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Veritex by 75.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,285 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 3,143 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of Veritex during the fourth quarter worth $234,000. 80.11% of the stock is currently owned by institutional investors.
In other Veritex news, Director Steven D. Lerner sold 4,575 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $20.41, for a total value of $93,375.75. Following the completion of the transaction, the director now owns 35,644 shares of the company’s stock, valued at approximately $727,494.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.33% of the company’s stock.
Shares of NASDAQ:VBTX opened at $16.72 on Friday. The business has a 50 day moving average price of $16.89 and a 200 day moving average price of $19.43. Veritex Holdings Inc has a twelve month low of $10.02 and a twelve month high of $29.41. The company has a market cap of $842.34 million, a price-to-earnings ratio of 10.26 and a beta of 1.91. The company has a quick ratio of 1.12, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.
Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $87.05 million during the quarter, compared to analysts’ expectations of $76.10 million. Veritex had a return on equity of 7.16% and a net margin of 21.27%. Analysts anticipate that Veritex Holdings Inc will post 1.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.68 annualized dividend and a yield of 4.07%. Veritex’s dividend payout ratio (DPR) is 29.69%.
Several research firms recently weighed in on VBTX. BidaskClub lowered Veritex from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Raymond James reissued an “outperform” rating and set a $22.00 price target (up from $19.00) on shares of Veritex in a research report on Thursday, April 30th. Zacks Investment Research upgraded Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Piper Sandler lowered their target price on Veritex from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.50.
Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.
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