Insider Buying: Veritex Holdings (VBTX) Director Buys 6,912 Shares of Stock

Veritex Holdings (NASDAQ:VBTX) Director John Sughrue bought 6,912 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were bought at an average price of $10.85 per share, for a total transaction of $74,995.20. Following the completion of the transaction, the director now directly owns 38,654 shares of the company’s stock, valued at approximately $419,395.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Veritex stock traded down $0.62 during trading hours on Monday, hitting $27.05. The company’s stock had a trading volume of 250,518 shares, compared to its average volume of 110,928. Veritex Holdings has a 12-month low of $23.84 and a 12-month high of $29.50. The company has a market capitalization of $667.81, a price-to-earnings ratio of 28.57, a PEG ratio of 1.53 and a beta of 1.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.

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Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.08). Veritex had a net margin of 18.67% and a return on equity of 5.00%. The business had revenue of $28.05 million during the quarter, compared to analysts’ expectations of $25.90 million. equities analysts expect that Veritex Holdings will post 1.81 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Veritex by 13.9% in the fourth quarter. BlackRock Inc. now owns 916,772 shares of the financial services provider’s stock valued at $25,293,000 after acquiring an additional 111,791 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its position in shares of Veritex by 9.7% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 648,229 shares of the financial services provider’s stock valued at $17,885,000 after acquiring an additional 57,267 shares in the last quarter. Northpointe Capital LLC lifted its position in shares of Veritex by 4.2% in the fourth quarter. Northpointe Capital LLC now owns 627,624 shares of the financial services provider’s stock valued at $17,316,000 after acquiring an additional 25,435 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Veritex by 12.4% in the fourth quarter. Kennedy Capital Management Inc. now owns 523,703 shares of the financial services provider’s stock valued at $14,449,000 after acquiring an additional 57,892 shares in the last quarter. Finally, Jacobs Asset Management LLC lifted its position in shares of Veritex by 66.2% in the third quarter. Jacobs Asset Management LLC now owns 510,166 shares of the financial services provider’s stock valued at $13,754,000 after acquiring an additional 203,177 shares in the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

Several equities analysts recently weighed in on VBTX shares. Zacks Investment Research upgraded Veritex from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, February 14th. BidaskClub upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Keefe, Bruyette & Woods started coverage on Veritex in a research report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Piper Jaffray upgraded Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Veritex 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.

Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

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