Veritex Holdings, Inc. (NASDAQ:VBTX) CEO Sells $2,068,365.00 in Stock

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) CEO C Malcolm Holland III sold 63,642 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $32.50, for a total transaction of $2,068,365.00. Following the sale, the chief executive officer directly owned 294,508 shares of the company's stock, valued at approximately $9,571,510. This trade represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 22nd, C Malcolm Holland III sold 125,762 shares of Veritex stock. The shares were sold at an average price of $32.26, for a total transaction of $4,057,082.12.

Veritex Stock Performance

Shares of Veritex stock traded down $0.23 during trading on Monday, reaching $32.28. The company's stock had a trading volume of 145,807 shares, compared to its average volume of 546,782. The business's fifty day moving average price is $26.73 and its 200-day moving average price is $25.39. Veritex Holdings, Inc. has a one year low of $20.10 and a one year high of $33.69. 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 company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94.

Veritex (NASDAQ:VBTX - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $109.83 million during the quarter, compared to analysts' expectations of $110.91 million. Veritex had a net margin of 14.83% and a return on equity of 7.59%. During the same period in the prior year, the company earned $0.52 EPS. As a group, equities research analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, August 7th. Veritex's payout ratio is presently 41.90%.

Institutional Investors Weigh In On Veritex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Veritex in the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new position in Veritex during the first quarter worth about $31,000. Quarry LP boosted 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 buying an additional 824 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 1,011 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Veritex in the 4th quarter valued at $143,000. Institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Veritex in a research report on Monday, July 14th. They set a "buy" rating for the company. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. DA Davidson increased their price objective on shares of Veritex from $32.00 to $39.00 and gave the company a "buy" rating in a report on Thursday. Piper Sandler reissued a "neutral" rating and set a $34.00 target price (up previously from $30.00) on shares of Veritex in a report on Wednesday, July 16th. Finally, Stephens reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.