Veritex Holdings, Inc. (NASDAQ:VBTX) COO Lavonda Renfro Sells 53,411 Shares

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) COO Lavonda Renfro sold 53,411 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $32.38, for a total value of $1,729,448.18. Following the completion of the transaction, the chief operating officer directly owned 60,209 shares of the company's stock, valued at approximately $1,949,567.42. This represents a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Veritex Trading Down 0.7%

VBTX stock traded down $0.23 during trading on Monday, reaching $32.28. 145,807 shares of the stock traded hands, compared to its average volume of 546,782. The firm has a market capitalization of $1.75 billion, a PE ratio of 15.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50 day moving average price is $26.73 and its 200-day moving average price is $25.39. Veritex Holdings, Inc. has a 52-week low of $20.10 and a 52-week high of $33.69.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its 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 analysts' expectations of $110.91 million. Veritex had a return on equity of 7.59% and a net margin of 14.83%. During the same quarter in the previous year, the business earned $0.52 EPS. As a group, sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share 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 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex's dividend payout ratio is presently 41.90%.

Analyst Upgrades and Downgrades

VBTX has been the subject of several recent analyst reports. Piper Sandler restated a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Veritex in a research report on Wednesday, July 16th. William Blair upgraded Veritex to an "outperform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods upped their price target on shares of Veritex from $30.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group began coverage on Veritex in a report on Monday, July 14th. They set a "buy" rating for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Veritex has an average rating of "Moderate Buy" and an average target price of $33.25.

Hedge Funds Weigh In On Veritex

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in shares of Veritex by 9.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 28,800 shares of the financial services provider's stock worth $782,000 after acquiring an additional 2,437 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Veritex by 6.6% during the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock worth $462,000 after purchasing an additional 1,050 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Veritex in the 4th quarter valued at about $599,000. American Century Companies Inc. boosted its stake in shares of Veritex by 1.9% during the 4th quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider's stock worth $21,454,000 after acquiring an additional 14,924 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Veritex in the fourth quarter worth approximately $332,000. Institutional investors and hedge funds own 88.31% of the company's stock.

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.