Veritex Holdings, Inc. (NASDAQ:VBTX) CEO C Malcolm Holland III Sells 125,762 Shares

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) CEO C Malcolm Holland III sold 125,762 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $32.26, for a total transaction of $4,057,082.12. Following the transaction, the chief executive officer directly owned 294,508 shares of the company's stock, valued at approximately $9,500,828.08. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

C Malcolm Holland III also recently made the following trade(s):

• On Wednesday, July 23rd, C Malcolm Holland III sold 63,642 shares of Veritex stock. The shares were sold at an average price of $32.50, for a total transaction of $2,068,365.00.

Veritex Stock Performance

Shares of Veritex stock traded down $0.21 on Monday, reaching $32.31. The stock had a trading volume of 145,807 shares, compared to its average volume of 546,782. The business's 50-day moving average price is $26.73 and its two-hundred day moving average price is $25.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. Veritex Holdings, Inc. has a fifty-two week low of $20.10 and a fifty-two week high of $33.69. The stock has a market cap of $1.75 billion, a P/E ratio of 15.38 and a beta of 1.03.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Veritex had a net margin of 14.83% and a return on equity of 7.59%. The firm had revenue of $109.83 million for the quarter, compared to analyst estimates of $110.91 million. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex's dividend payout ratio (DPR) is presently 41.90%.

Wall Street Analyst Weigh In

A number of analysts recently commented on VBTX shares. William Blair upgraded shares of Veritex to an "outperform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their target price on shares of Veritex from $30.00 to $37.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on shares of Veritex in a research report on Monday, July 14th. They set a "buy" rating on the stock. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, DA Davidson boosted their price objective on shares of Veritex from $32.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.25.

Institutional Trading of Veritex

Several hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Veritex during the first quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in Veritex in the first quarter valued at about $31,000. Quarry LP raised its stake in Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after acquiring an additional 824 shares in the last quarter. GAMMA Investing LLC raised its stake in Veritex by 28.9% during the second quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider's stock worth $118,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Strs Ohio acquired a new position in Veritex during the first quarter worth about $135,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

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.