Veritex Holdings Inc (NASDAQ:VBTX) EVP Angela Harper sold 1,800 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $25.90, for a total transaction of $46,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:VBTX traded down $0.62 during midday trading on Thursday, reaching $24.97. 250,208 shares of the stock traded hands, compared to its average volume of 324,387. Veritex Holdings Inc has a 12-month low of $20.34 and a 12-month high of $31.80. The firm has a 50-day moving average price of $25.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $1.35 billion, a PE ratio of 13.57 and a beta of 1.55.
Veritex (NASDAQ:VBTX) last posted its earnings results on Monday, July 22nd. The financial services provider reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). Veritex had a net margin of 18.42% and a return on equity of 9.83%. The firm had revenue of $77.48 million for the quarter, compared to analysts’ expectations of $82.50 million. Equities analysts forecast that Veritex Holdings Inc will post 2.44 EPS for the current year.
A number of equities analysts have recently issued reports on VBTX shares. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Zacks Investment Research downgraded shares of Veritex from a “buy” rating to a “sell” rating in a research note on Saturday, July 13th. Stephens reiterated a “buy” rating and set a $30.00 price objective on shares of Veritex in a research note on Tuesday, July 23rd. BidaskClub downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. Finally, Raymond James dropped their price objective on shares of Veritex from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Veritex has an average rating of “Hold” and a consensus target price of $29.00.
Large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC lifted its position in Veritex by 92.1% during the first quarter. LS Investment Advisors LLC now owns 1,364 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 654 shares during the last quarter. Bank of Montreal Can lifted its position in Veritex by 142.0% during the first quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Veritex by 24.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 533 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Veritex during the first quarter valued at approximately $75,000. Finally, Pearl River Capital LLC purchased a new stake in Veritex during the first quarter valued at approximately $78,000. 75.82% of the stock is owned by institutional investors.
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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