John Sughrue Buys 6,912 Shares of Veritex Holdings (NASDAQ:VBTX) Stock

Veritex Holdings (NASDAQ:VBTX) Director John Sughrue acquired 6,912 shares of Veritex stock in a transaction dated Tuesday, March 20th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $74,995.20. Following the completion of the purchase, the director now directly owns 38,654 shares in the company, valued at $419,395.90. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Veritex stock traded down $0.29 during midday trading on Wednesday, hitting $27.43. 59,423 shares of the company were exchanged, compared to its average volume of 112,385. The firm has a market capitalization of $674.68, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04. Veritex Holdings has a fifty-two week low of $23.84 and a fifty-two week high of $29.50.

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Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). Veritex had a return on equity of 5.00% and a net margin of 18.67%. The company had revenue of $28.05 million for the quarter, compared to analyst estimates of $25.90 million. analysts forecast that Veritex Holdings will post 1.81 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of VBTX. State Street Corp increased its holdings in Veritex by 41.3% during the 2nd quarter. State Street Corp now owns 248,839 shares of the financial services provider’s stock worth $6,550,000 after purchasing an additional 72,729 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Veritex by 52.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 4,304 shares during the last quarter. California State Teachers Retirement System increased its holdings in Veritex by 10.0% during the 2nd quarter. California State Teachers Retirement System now owns 25,317 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 2,300 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Veritex by 11.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 75,956 shares of the financial services provider’s stock worth $2,048,000 after purchasing an additional 7,657 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Veritex during the 3rd quarter worth approximately $145,000. Institutional investors own 65.55% of the company’s stock.

Several equities analysts have recently weighed in on VBTX shares. Zacks Investment Research raised Veritex from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Saturday, January 13th. Keefe, Bruyette & Woods started coverage on Veritex in a research report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 price target on the stock. BidaskClub lowered Veritex from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Piper Jaffray raised Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.63.

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About Veritex

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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