John Sughrue Sells 16,820 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) Stock

Veritex Holdings, Inc. (NASDAQ:VBTX) Director John Sughrue sold 16,820 shares of Veritex stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the transaction, the director now directly owns 62,643 shares in the company, valued at approximately $1,894,950.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Veritex Stock Performance

VBTX opened at $29.88 on Thursday. The stock has a market cap of $1.63 billion, a PE ratio of 19.15 and a beta of 1.36. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $30.86. The stock’s 50 day simple moving average is $26.36 and its 200-day simple moving average is $23.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The company had revenue of $113.17 million during the quarter, compared to analysts’ expectations of $110.22 million. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Sell-side analysts forecast that Veritex Holdings, Inc. will post 2.17 EPS for the current year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, November 8th. Veritex’s dividend payout ratio is 51.28%.

Hedge Funds Weigh In On Veritex

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in Veritex by 38.7% in the first quarter. BNP Paribas Financial Markets now owns 53,362 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 14,884 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Veritex by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 47,556 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 650 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Veritex by 1,599.8% in the 1st quarter. Quantbot Technologies LP now owns 39,232 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 36,924 shares in the last quarter. SG Americas Securities LLC bought a new stake in Veritex during the 1st quarter worth approximately $177,000. Finally, Sei Investments Co. increased its holdings in Veritex by 4.6% during the 1st quarter. Sei Investments Co. now owns 198,697 shares of the financial services provider’s stock valued at $4,071,000 after purchasing an additional 8,771 shares in the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on VBTX. Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. Piper Sandler lifted their price objective on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. DA Davidson increased their target price on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Veritex Company Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.