Veritex Holdings, Inc. (VBTX) Insider Ned N. Fleming III Sells 50,000 Shares
Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $26.93, for a total value of $1,346,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Veritex Holdings, Inc. (NASDAQ VBTX) traded up 2.52% during mid-day trading on Tuesday, reaching $27.64. 201,251 shares of the company’s stock traded hands. Veritex Holdings, Inc. has a 12-month low of $17.12 and a 12-month high of $29.43. The stock has a 50-day moving average price of $25.93 and a 200-day moving average price of $26.67. The stock has a market capitalization of $420.51 million, a PE ratio of 28.06 and a beta of 1.66.
Veritex Holdings (NASDAQ:VBTX) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $14.14 million for the quarter, compared to analysts’ expectations of $16.40 million. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. Equities research analysts expect that Veritex Holdings, Inc. will post $1.06 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in VBTX. Westwood Holdings Group Inc. purchased a new stake in Veritex Holdings during the second quarter valued at $527,000. California State Teachers Retirement System lifted its position in Veritex Holdings by 10.0% during the second quarter. California State Teachers Retirement System now owns 25,317 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 2,300 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Veritex Holdings by 52.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 4,304 shares during the last quarter. State Street Corp lifted its position in Veritex Holdings by 41.3% during the second quarter. State Street Corp now owns 248,839 shares of the financial services provider’s stock valued at $6,550,000 after purchasing an additional 72,729 shares during the last quarter. Finally, Jacobs Asset Management LLC lifted its position in Veritex Holdings by 36.4% during the second quarter. Jacobs Asset Management LLC now owns 306,989 shares of the financial services provider’s stock valued at $8,083,000 after purchasing an additional 81,989 shares during the last quarter. Institutional investors own 52.17% of the company’s stock.
Several analysts have issued reports on VBTX shares. Zacks Investment Research raised Veritex Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Piper Jaffray Companies reissued a “hold” rating and set a $29.00 price target on shares of Veritex Holdings in a research note on Friday, July 14th. BidaskClub downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Stephens set a $32.00 price objective on shares of Veritex Holdings and gave the stock a “buy” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.83.
Veritex Holdings Company Profile
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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