Veritex Holdings Inc (NASDAQ:VBTX) Director Blake Bozman sold 15,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.99, for a total value of $374,850.00. Following the sale, the director now directly owns 75,425 shares of the company’s stock, valued at approximately $1,884,870.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of VBTX traded up $0.31 during midday trading on Tuesday, reaching $25.31. 24,504 shares of the stock were exchanged, compared to its average volume of 319,595. Veritex Holdings Inc has a twelve month low of $20.34 and a twelve month high of $28.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.30 billion, a P/E ratio of 13.77 and a beta of 1.56. The stock’s 50 day simple moving average is $24.46 and its 200 day simple moving average is $25.10.
Veritex (NASDAQ:VBTX) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Veritex had a return on equity of 10.16% and a net margin of 20.33%. The firm had revenue of $79.30 million for the quarter, compared to analyst estimates of $79.90 million. As a group, analysts predict that Veritex Holdings Inc will post 2.33 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. increased its position in shares of Veritex by 162.3% in the second quarter. Prudential Financial Inc. now owns 266,774 shares of the financial services provider’s stock worth $6,923,000 after purchasing an additional 165,066 shares during the period. Chicago Equity Partners LLC bought a new position in shares of Veritex in the second quarter worth $1,791,000. JPMorgan Chase & Co. increased its position in shares of Veritex by 42.7% in the second quarter. JPMorgan Chase & Co. now owns 246,171 shares of the financial services provider’s stock worth $6,319,000 after purchasing an additional 73,629 shares during the period. New York State Teachers Retirement System increased its position in shares of Veritex by 6.3% in the third quarter. New York State Teachers Retirement System now owns 20,174 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 1,200 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Veritex by 8.6% in the third quarter. Rhumbline Advisers now owns 155,233 shares of the financial services provider’s stock worth $3,767,000 after purchasing an additional 12,257 shares during the period. 79.24% of the stock is owned by institutional investors.
Several brokerages have issued reports on VBTX. Raymond James raised their price target on Veritex from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Zacks Investment Research raised Veritex from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine raised Veritex from a “strong sell” rating to a “sell” rating in a report on Thursday, October 31st. BidaskClub downgraded Veritex from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th. Finally, Stephens set a $29.00 target price on Veritex and gave the stock a “buy” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.33.
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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