Veritex (NASDAQ:VBTX) EVP Angela Harper Sells 2,527 Shares

Veritex Holdings, Inc. (NASDAQ:VBTX) EVP Angela Harper sold 2,527 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $33.68, for a total value of $85,109.36. Following the completion of the sale, the executive vice president directly owned 53,991 shares of the company’s stock, valued at $1,818,416.88. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $30.26 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average price of $33.00 and a 200 day moving average price of $28.47. Veritex Holdings, Inc. has a 1-year low of $20.37 and a 1-year high of $34.96. The company has a market cap of $1.66 billion, a PE ratio of 14.41 and a beta of 1.06.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Thursday, March 3rd. The financial services provider reported $0.64 earnings per share for the quarter. Veritex had a return on equity of 7.55% and a net margin of 14.83%.The firm had revenue of $64.03 million during the quarter. Sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Veritex’s dividend payout ratio (DPR) is currently 41.90%.

Analyst Upgrades and Downgrades

VBTX has been the subject of several recent research reports. DA Davidson increased their price target on Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Veritex in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on Veritex from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. The Goldman Sachs Group assumed coverage on Veritex in a report on Monday, July 14th. They issued a “buy” rating for the company. Finally, Piper Sandler reissued a “neutral” rating and issued a $34.00 target price (up previously from $30.00) on shares of Veritex in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Veritex has an average rating of “Moderate Buy” and a consensus target price of $33.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VBTX. Salzhauer Michael increased its position in shares of Veritex by 20.7% in the first quarter. Salzhauer Michael now owns 59,361 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 10,184 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Veritex by 13.8% in the first quarter. Teacher Retirement System of Texas now owns 19,367 shares of the financial services provider’s stock valued at $484,000 after buying an additional 2,347 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Veritex by 2.7% in the first quarter. Principal Financial Group Inc. now owns 271,362 shares of the financial services provider’s stock valued at $6,776,000 after buying an additional 7,255 shares in the last quarter. Cerity Partners LLC increased its position in shares of Veritex by 29.2% in the first quarter. Cerity Partners LLC now owns 14,647 shares of the financial services provider’s stock valued at $366,000 after buying an additional 3,312 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Veritex by 6.9% in the first quarter. New York State Common Retirement Fund now owns 15,425 shares of the financial services provider’s stock valued at $385,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Company 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.