Angela Harper Sells 47,716 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) Stock

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) EVP Angela Harper sold 47,716 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 owned 59,683 shares in the company, valued at $1,931,938.71. This represents a 44.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Veritex Stock Performance

Shares of VBTX traded down $0.23 during trading hours on Monday, hitting $32.28. The company had a trading volume of 145,807 shares, compared to its average volume of 546,782. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 15.38 and a beta of 1.03. The business has a fifty day moving average of $26.73 and a 200-day moving average of $25.39. Veritex Holdings, Inc. has a 12 month low of $20.10 and a 12 month high of $33.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Veritex had a net margin of 14.83% and a return on equity of 7.59%. The business had revenue of $109.83 million for the quarter, compared to analyst estimates of $110.91 million. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex's dividend payout ratio is 41.90%.

Hedge Funds Weigh In On Veritex

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Veritex during the first quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in Veritex in the 1st quarter valued at about $31,000. Quarry LP increased its holdings in Veritex by 117.0% in the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after buying an additional 824 shares during the period. GAMMA Investing LLC increased its holdings in Veritex by 28.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider's stock valued at $118,000 after buying an additional 1,011 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Veritex in the 4th quarter valued at about $143,000. 88.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VBTX. Keefe, Bruyette & Woods upped 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. DA Davidson boosted their target price on Veritex from $32.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial cut Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 target price (up previously from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. Finally, Stephens reiterated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.25.

About Veritex

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.