Swiss National Bank purchased a new position in Veritex Holdings (NASDAQ:VBTX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,900 shares of the financial services provider’s stock, valued at approximately $797,000. Swiss National Bank owned 0.12% of Veritex as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northpointe Capital LLC boosted its stake in shares of Veritex by 4.2% during the 4th quarter. Northpointe Capital LLC now owns 627,624 shares of the financial services provider’s stock valued at $17,316,000 after buying an additional 25,435 shares during the last quarter. Vanguard Group Inc. lifted its stake in Veritex by 10.3% during the second quarter. Vanguard Group Inc. now owns 555,031 shares of the financial services provider’s stock worth $14,614,000 after purchasing an additional 51,747 shares during the last quarter. Jacobs Asset Management LLC lifted its stake in Veritex by 66.2% during the third quarter. Jacobs Asset Management LLC now owns 510,166 shares of the financial services provider’s stock worth $13,754,000 after purchasing an additional 203,177 shares during the last quarter. Castine Capital Management LLC lifted its stake in Veritex by 7.8% during the third quarter. Castine Capital Management LLC now owns 362,565 shares of the financial services provider’s stock worth $9,774,000 after purchasing an additional 26,213 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Veritex by 60.7% during the third quarter. Dimensional Fund Advisors LP now owns 318,923 shares of the financial services provider’s stock worth $8,598,000 after purchasing an additional 120,436 shares during the last quarter. Hedge funds and other institutional investors own 65.55% of the company’s stock.
In related news, Vice Chairman William C. Murphy sold 55,690 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $28.93, for a total value of $1,611,111.70. Following the completion of the transaction, the insider now owns 37,111 shares in the company, valued at approximately $1,073,621.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Sughrue acquired 6,912 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were acquired at an average price of $10.85 per share, with a total value of $74,995.20. Following the completion of the transaction, the director now directly owns 38,654 shares in the company, valued at approximately $419,395.90. The disclosure for this purchase can be found here. 6.90% of the stock is owned by insiders.
Shares of VBTX traded down $0.48 during trading hours on Friday, reaching $27.58. 98,728 shares of the company’s stock traded hands, compared to its average volume of 91,629. The firm has a market capitalization of $677.58, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.47. Veritex Holdings has a twelve month low of $23.84 and a twelve month high of $29.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04.
Veritex (NASDAQ:VBTX) last released its earnings results on Monday, January 29th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The firm had revenue of $28.05 million for the quarter, compared to analyst estimates of $25.90 million. Veritex had a return on equity of 5.00% and a net margin of 18.67%. analysts forecast that Veritex Holdings will post 1.81 EPS for the current fiscal year.
Several brokerages recently issued reports on VBTX. Zacks Investment Research cut Veritex from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub raised Veritex from a “sell” rating to a “hold” rating in a research report on Sunday, February 11th. Finally, Piper Jaffray raised Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.63.
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Veritex Company Profile
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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