Lisanti Capital Growth LLC reduced its position in Veritex Holdings Inc (NASDAQ:VBTX) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,993 shares of the financial services provider’s stock after selling 44,340 shares during the quarter. Lisanti Capital Growth LLC owned about 0.21% of Veritex worth $1,413,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in Veritex in the second quarter worth $109,000. Metropolitan Life Insurance Co. NY grew its holdings in Veritex by 43.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,811 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 2,368 shares during the last quarter. Voya Investment Management LLC purchased a new position in Veritex in the second quarter worth $246,000. Buckingham Asset Management LLC purchased a new position in Veritex in the third quarter worth $239,000. Finally, WINTON GROUP Ltd purchased a new position in Veritex in the third quarter worth $281,000. 73.49% of the stock is currently owned by institutional investors and hedge funds.
VBTX has been the subject of several research reports. BidaskClub downgraded shares of Veritex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Zacks Investment Research downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. Sandler O’Neill reiterated a “buy” rating and set a $37.00 price objective on shares of Veritex in a research note on Thursday, July 26th. Finally, Raymond James lowered their price objective on shares of Veritex from $33.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.00.
NASDAQ:VBTX opened at $24.35 on Friday. Veritex Holdings Inc has a 12 month low of $20.99 and a 12 month high of $33.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $580.97 million, a PE ratio of 17.01, a P/E/G ratio of 2.08 and a beta of 1.53.
Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.10). Veritex had a return on equity of 6.83% and a net margin of 23.12%. The company had revenue of $31.69 million for the quarter, compared to analyst estimates of $30.50 million. On average, equities analysts predict that Veritex Holdings Inc will post 1.65 EPS for the current year.
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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