King Luther Capital Management Corp continued to hold its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,500 shares of the financial services provider’s stock at the end of the second quarter. King Luther Capital Management Corp owned 0.54% of Veritex Holdings worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in shares of Veritex Holdings in the 2nd quarter valued at about $259,000. Wells Fargo & Company MN lifted its stake in shares of Veritex Holdings by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 491 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Veritex Holdings by 66.4% in the 2nd quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 5,911 shares in the last quarter. Monarch Partners Asset Management LLC lifted its stake in shares of Veritex Holdings by 18.1% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 19,750 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 3,030 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Veritex Holdings by 37.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,500 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 6,900 shares in the last quarter. 52.17% of the stock is currently owned by institutional investors and hedge funds.

In other Veritex Holdings news, Director Ned N. Fleming III sold 19,800 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $26.12, for a total value of $517,176.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Clayton Riebe bought 1,950 shares of the company’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $25.19 per share, for a total transaction of $49,120.50. Following the completion of the transaction, the insider now owns 4,686 shares in the company, valued at $118,040.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 220,100 shares of company stock worth $5,694,395. Insiders own 9.10% of the company’s stock.

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

Veritex Holdings, Inc. (NASDAQ:VBTX) opened at 25.47 on Monday. Veritex Holdings, Inc. has a 52-week low of $15.46 and a 52-week high of $29.43. The firm has a market capitalization of $387.50 million, a price-to-earnings ratio of 25.86 and a beta of 1.67. The company’s 50-day moving average price is $25.98 and its 200 day moving average price is $26.84.

Veritex Holdings (NASDAQ:VBTX) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. The company had revenue of $14.14 million for the quarter, compared to analyst estimates of $16.40 million. Equities research analysts predict that Veritex Holdings, Inc. will post $1.06 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Veritex Holdings (NASDAQ:VBTX)

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