Veritex Holdings Inc (NASDAQ:VBTX) insider Jeff Kesler sold 10,000 shares of Veritex stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $17.93, for a total value of $179,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ:VBTX opened at $17.35 on Wednesday. The company has a market capitalization of $861.38 million, a price-to-earnings ratio of 10.64 and a beta of 1.87. Veritex Holdings Inc has a 52 week low of $10.02 and a 52 week high of $29.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $18.00 and a 200 day moving average of $17.03.
Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $87.05 million for the quarter, compared to the consensus estimate of $76.10 million. Veritex had a return on equity of 7.16% and a net margin of 21.27%. On average, sell-side analysts expect that Veritex Holdings Inc will post 1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, August 5th. Veritex’s dividend payout ratio (DPR) is presently 29.69%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of Veritex during the second quarter valued at $30,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Veritex by 51.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,406 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Veritex during the 1st quarter worth about $72,000. Bank of Montreal Can boosted its stake in shares of Veritex by 214.6% during the 2nd quarter. Bank of Montreal Can now owns 6,235 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in shares of Veritex during the 2nd quarter worth about $184,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Investment Research raised Veritex from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Piper Sandler dropped their price target on Veritex from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Veritex currently 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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