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.
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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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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