Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 92,711 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $26.00, for a total transaction of $2,410,486.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) traded up $0.20 during trading on Wednesday, hitting $26.03. 101,300 shares of the company traded hands, compared to its average volume of 88,803. The company has a market cap of $585.02, a price-to-earnings ratio of 26.36, a PEG ratio of 2.62 and a beta of 1.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $29.43.

Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $21.11 million for the quarter, compared to the consensus estimate of $20.80 million. Veritex Holdings had a net margin of 21.85% and a return on equity of 5.30%. equities research analysts predict that Veritex Holdings, Inc. will post 0.99 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/15/ned-n-fleming-iii-sells-92711-shares-of-veritex-holdings-inc-vbtx-stock.html.

VBTX has been the subject of several analyst reports. Zacks Investment Research cut shares of Veritex Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. BidaskClub cut shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Stephens set a $32.00 target price on shares of Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 target price (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.83.

Several institutional investors have recently made changes to their positions in VBTX. Northpointe Capital LLC grew its holdings in shares of Veritex Holdings by 72.4% during the 3rd quarter. Northpointe Capital LLC now owns 602,189 shares of the financial services provider’s stock valued at $16,235,000 after purchasing an additional 252,803 shares during the last quarter. Jacobs Asset Management LLC grew its holdings in shares of Veritex Holdings by 66.2% during the 3rd quarter. Jacobs Asset Management LLC now owns 510,166 shares of the financial services provider’s stock valued at $13,754,000 after purchasing an additional 203,177 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of Veritex Holdings by 76.6% during the 2nd quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock valued at $8,723,000 after purchasing an additional 143,718 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Veritex Holdings by 60.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 318,923 shares of the financial services provider’s stock valued at $8,598,000 after purchasing an additional 120,436 shares during the last quarter. Finally, Banc Funds Co. LLC grew its holdings in shares of Veritex Holdings by 21.6% during the 2nd quarter. Banc Funds Co. LLC now owns 596,442 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 106,000 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors.

About Veritex Holdings

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.

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

Receive News & Ratings for Veritex Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.