Insider Selling: Veritex Holdings, Inc. (VBTX) Insider Sells $451,070.01 in Stock
Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 17,289 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $26.09, for a total transaction of $451,070.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Veritex Holdings, Inc. (VBTX) opened at $25.75 on Friday. The stock has a market cap of $583.21, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.61 and a beta of 1.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. Veritex Holdings, Inc. has a one year low of $18.74 and a one year high of $29.43.
Veritex Holdings (NASDAQ:VBTX) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $21.11 million during the quarter, compared to the consensus estimate of $20.80 million. Veritex Holdings had a return on equity of 5.30% and a net margin of 21.85%. equities analysts predict that Veritex Holdings, Inc. will post 0.99 EPS for the current fiscal year.
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Several equities analysts recently commented on VBTX shares. Zacks Investment Research downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a “neutral” rating and set a $29.50 price objective (up from $29.00) on shares of Veritex Holdings in a research note on Wednesday, August 9th. Stephens set a $32.00 price objective on shares of Veritex Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Veritex Holdings has an average rating of “Hold” and a consensus target price of $31.83.
Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Veritex Holdings by 44.5% in the third quarter. Wells Fargo & Company MN now owns 18,204 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 5,608 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Veritex Holdings in the third quarter worth about $1,174,000. JPMorgan Chase & Co. bought a new position in shares of Veritex Holdings in the third quarter worth about $615,000. Stieven Capital Advisors L.P. lifted its holdings in shares of Veritex Holdings by 47.5% in the third quarter. Stieven Capital Advisors L.P. now owns 306,700 shares of the financial services provider’s stock worth $8,269,000 after acquiring an additional 98,800 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in Veritex Holdings by 38.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 242,835 shares of the financial services provider’s stock valued at $6,547,000 after buying an additional 67,818 shares during the last quarter. 53.13% of the stock is owned by hedge funds and other 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.
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