Veritex Holdings Inc (NASDAQ:VBTX) Director Gregory B. Morrison purchased 913 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $16.70 per share, with a total value of $15,247.10. Following the purchase, the director now directly owns 12,900 shares in the company, valued at approximately $215,430. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

VBTX opened at $16.72 on Friday. The firm has a 50-day simple moving average of $16.89 and a two-hundred day simple moving average of $19.43. Veritex Holdings Inc has a 52 week low of $10.02 and a 52 week high of $29.41. The company has a market capitalization of $842.35 million, a PE ratio of 10.59 and a beta of 1.91. The company has a quick ratio of 1.12, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Veritex had a net margin of 21.27% and a return on equity of 7.16%. The business had revenue of $87.05 million during the quarter, compared to the consensus estimate of $76.10 million. As a group, sell-side analysts expect that Veritex Holdings Inc will post 1.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Wednesday, August 5th. Veritex’s dividend payout ratio (DPR) is presently 29.69%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VBTX. Invesco Ltd. lifted its holdings in shares of Veritex by 810.2% in the 1st quarter. Invesco Ltd. now owns 646,257 shares of the financial services provider’s stock valued at $9,029,000 after acquiring an additional 575,253 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Veritex by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 722,995 shares of the financial services provider’s stock valued at $10,100,000 after acquiring an additional 46,018 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Veritex by 81.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 19,937 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 8,966 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Veritex by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,764 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 7,751 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Veritex by 8.2% in the 1st quarter. Squarepoint Ops LLC now owns 30,909 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 2,334 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. Piper Sandler cut their price target on Veritex from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Raymond James reiterated an “outperform” rating and issued a $22.00 price target (up previously from $19.00) on shares of Veritex in a research note on Thursday, April 30th. Zacks Investment Research upgraded Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, BidaskClub lowered Veritex from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.50.

Veritex Company Profile

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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Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

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