Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 118,532 shares of Veritex Holdings stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $25.65, for a total value of $3,040,345.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Veritex Holdings, Inc. (VBTX) traded up 1.30% during midday trading on Thursday, reaching $26.45. The company’s stock had a trading volume of 60,129 shares. Veritex Holdings, Inc. has a 12 month low of $15.46 and a 12 month high of $29.43. The company’s 50-day moving average price is $26.57 and its 200-day moving average price is $27.15. The company has a market cap of $402.41 million, a PE ratio of 26.85 and a beta of 1.66.

Veritex Holdings (NASDAQ:VBTX) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Veritex Holdings had a net margin of 22.61% and a return on equity of 6.09%. The company had revenue of $14.14 million for the quarter, compared to analyst estimates of $16.40 million. On average, equities analysts anticipate that Veritex Holdings, Inc. will post $1.06 EPS for the current fiscal year.

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Several equities research analysts have issued reports on the company. Stephens set a $32.00 price target on Veritex Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $29.00 price target on shares of Veritex Holdings in a research note on Friday, July 14th. BidaskClub lowered Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research lowered Veritex Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.83.

A number of hedge funds have recently bought and sold shares of the company. Lebenthal Lisanti Capital Growth LLC raised its stake in Veritex Holdings by 97.9% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 51,203 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 25,333 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Veritex Holdings by 37.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 25,500 shares of the financial services provider’s stock worth $672,000 after buying an additional 6,900 shares during the period. Monarch Partners Asset Management LLC raised its position in shares of Veritex Holdings by 18.1% in the second quarter. Monarch Partners Asset Management LLC now owns 19,750 shares of the financial services provider’s stock worth $520,000 after buying an additional 3,030 shares during the period. First Trust Advisors LP raised its position in shares of Veritex Holdings by 224.2% in the second quarter. First Trust Advisors LP now owns 34,672 shares of the financial services provider’s stock worth $913,000 after buying an additional 23,977 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Veritex Holdings by 66.4% in the second quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock worth $390,000 after buying an additional 5,911 shares during the period. 52.17% 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)

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