Nuveen LLC Takes $29.22 Million Position in Veritex Holdings, Inc. $VBTX

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG lifted its stake in Veritex by 48.7% during the 4th quarter. Deutsche Bank AG now owns 47,636 shares of the financial services provider's stock valued at $1,294,000 after acquiring an additional 15,596 shares during the period. CWM LLC lifted its stake in Veritex by 23.8% during the 1st quarter. CWM LLC now owns 13,823 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 2,653 shares during the period. SG Americas Securities LLC bought a new position in Veritex during the 1st quarter valued at about $1,085,000. Foundry Partners LLC bought a new position in Veritex during the 1st quarter valued at about $381,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Veritex during the 4th quarter valued at about $1,057,000. Institutional investors own 88.31% of the company's stock.

Veritex Price Performance

VBTX traded up $1.3280 during trading on Friday, reaching $33.4080. 697,576 shares of the company traded hands, compared to its average volume of 568,082. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. Veritex Holdings, Inc. has a 12-month low of $20.37 and a 12-month high of $33.69. The firm has a fifty day simple moving average of $29.46 and a 200 day simple moving average of $26.11. The company has a market cap of $1.83 billion, a P/E ratio of 15.90 and a beta of 1.08.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Veritex had a net margin of 14.83% and a return on equity of 7.55%. The business had revenue of $109.83 million during the quarter, compared to analyst estimates of $110.91 million. During the same period last year, the firm posted $0.52 EPS. On average, equities analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 7th. Veritex's dividend payout ratio (DPR) is 41.90%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VBTX. The Goldman Sachs Group began coverage on shares of Veritex in a research note on Monday, July 14th. They issued a "buy" rating on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Veritex from $30.00 to $37.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Piper Sandler reiterated a "neutral" rating and issued a $34.00 price objective (up previously from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. William Blair upgraded shares of Veritex to an "outperform" rating in a research note on Monday, July 14th. Finally, DA Davidson increased their price objective on shares of Veritex from $32.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Veritex presently has a consensus rating of "Moderate Buy" and an average price target of $33.25.

Insider Buying and Selling at Veritex

In other Veritex news, Director Fallon William sold 7,220 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $30.68, for a total transaction of $221,509.60. Following the completion of the sale, the director directly owned 14,191 shares of the company's stock, valued at $435,379.88. This trade represents a 33.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Sughrue sold 5,669 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $32.00, for a total transaction of $181,408.00. Following the sale, the director directly owned 50,652 shares of the company's stock, valued at approximately $1,620,864. This trade represents a 10.07% decrease in their ownership of the stock. 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. Insiders own 4.30% of the company's stock.

Veritex 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.