Veritex Holdings, Inc. $VBTX Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,916 shares of the financial services provider's stock after purchasing an additional 37,162 shares during the period. Public Sector Pension Investment Board owned 0.32% of Veritex worth $4,318,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VBTX. Opal Wealth Advisors LLC acquired a new stake in shares of Veritex during the 1st quarter worth about $31,000. Quarry LP lifted its holdings in shares of Veritex by 117.0% during the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after acquiring an additional 824 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Veritex during the 4th quarter worth about $143,000. Handelsbanken Fonder AB purchased a new position in shares of Veritex during the 1st quarter worth about $227,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Veritex during the 4th quarter worth about $231,000. 88.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VBTX shares. Piper Sandler reiterated a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Veritex in a report on Wednesday, July 16th. William Blair upgraded shares of Veritex to an "outperform" rating in a report on Monday, July 14th. The Goldman Sachs Group started coverage on shares of Veritex in a report on Monday, July 14th. They set 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 report on Tuesday, July 22nd. Finally, Stephens restated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a report on Wednesday, April 23rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.25.

Veritex Stock Down 0.9%

Shares of VBTX stock traded down $0.28 on Thursday, hitting $32.03. The stock had a trading volume of 226,419 shares, compared to its average volume of 566,904. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. The stock's 50 day moving average is $29.32 and its 200-day moving average is $26.07. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.27 and a beta of 1.08. Veritex Holdings, Inc. has a 52-week low of $20.37 and a 52-week high of $33.69.

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

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 7th. Veritex's payout ratio is 41.90%.

Insiders Place Their Bets

In other Veritex news, Director Arcilia Acosta sold 7,279 shares of Veritex stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $32.14, for a total value of $233,947.06. Following the completion of the transaction, the director owned 54,933 shares of the company's stock, valued at $1,765,546.62. The trade was a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Fallon William sold 7,220 shares of Veritex stock in a transaction on Friday, August 1st. The stock was sold at an average price of $30.68, for a total transaction of $221,509.60. Following the completion of the transaction, the director directly owned 14,191 shares of the company's stock, valued at approximately $435,379.88. This represents a 33.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 320,699 shares of company stock valued at $10,361,627. 4.30% of the stock is owned by 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.