Nuveen LLC Buys Shares of 1,170,013 Veritex Holdings, Inc. $VBTX

Nuveen LLC acquired a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,170,013 shares of the financial services provider's stock, valued at approximately $29,215,000. Nuveen LLC owned approximately 2.16% of Veritex as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VBTX. SummerHaven Investment Management LLC grew its stake in shares of Veritex by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 37,056 shares of the financial services provider's stock worth $925,000 after acquiring an additional 536 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Veritex by 7.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,166 shares of the financial services provider's stock valued at $303,000 after acquiring an additional 751 shares in the last quarter. Quarry LP grew its holdings in shares of Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Veritex by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,863 shares of the financial services provider's stock valued at $811,000 after acquiring an additional 992 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Veritex by 6.9% in the first quarter. New York State Common Retirement Fund now owns 15,425 shares of the financial services provider's stock valued at $385,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 88.31% of the company's stock.

Analyst Ratings Changes

VBTX has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Veritex from $32.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. The Goldman Sachs Group began coverage on Veritex in a report on Monday, July 14th. They set a "buy" rating for the company. Stephens reissued an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday, April 23rd. William Blair upgraded Veritex to an "outperform" rating in a research note on Monday, July 14th. Finally, Keefe, Bruyette & Woods increased their price target on Veritex from $30.00 to $37.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Veritex presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Veritex Stock Performance

Shares of Veritex stock traded down $0.1630 during trading hours on Thursday, reaching $32.1470. The company had a trading volume of 202,936 shares, compared to its average volume of 566,820. Veritex Holdings, Inc. has a one year low of $20.37 and a one year high of $33.69. The business has a fifty day simple moving average of $29.32 and a 200 day simple moving average of $26.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.76 billion, a PE ratio of 15.32 and a beta of 1.08.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Veritex had a return on equity of 7.55% and a net margin of 14.83%.The business had revenue of $109.83 million during the quarter, compared to the consensus estimate of $110.91 million. During the same quarter last year, the company earned $0.52 EPS. On average, analysts anticipate that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex's dividend payout ratio (DPR) is presently 41.90%.

Insider Transactions at Veritex

In other Veritex news, EVP Angela Harper sold 47,716 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $32.37, for a total value of $1,544,566.92. Following the completion of the transaction, the executive vice president directly owned 59,683 shares of the company's stock, valued at $1,931,938.71. This trade represents a 44.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Lavonda Renfro sold 53,411 shares of Veritex stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $32.38, for a total value of $1,729,448.18. Following the sale, the chief operating officer directly owned 60,209 shares of the company's stock, valued at $1,949,567.42. This represents a 47.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 320,699 shares of company stock worth $10,361,627. 4.30% of the stock is owned by corporate insiders.

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.