Veritex Holdings, Inc. (NASDAQ:VBTX) Insider Sells $325,300.00 in Stock

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) insider Cara Mcdaniel sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $32.53, for a total value of $325,300.00. Following the completion of the sale, the insider directly owned 17,372 shares of the company's stock, valued at $565,111.16. This represents a 36.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Veritex Trading Down 0.7%

NASDAQ VBTX traded down $0.23 during trading on Monday, hitting $32.28. The stock had a trading volume of 145,807 shares, compared to its average volume of 546,782. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.38 and a beta of 1.03. Veritex Holdings, Inc. has a one year low of $20.10 and a one year high of $33.69. The stock has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $25.39.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its 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. The business had revenue of $109.83 million for the quarter, compared to analyst estimates of $110.91 million. Veritex had a net margin of 14.83% and a return on equity of 7.59%. During the same period last year, the company posted $0.52 earnings per share. Sell-side analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 price target (up from $30.00) on shares of Veritex in a report on Wednesday, July 16th. DA Davidson boosted their price target on Veritex from $32.00 to $39.00 and gave the company a "buy" rating in a report on Thursday. Stephens reiterated an "equal weight" rating and set a $30.00 target price on shares of Veritex in a report on Wednesday, April 23rd. William Blair raised Veritex to an "outperform" rating in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods upped their price objective on Veritex from $30.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Institutional Investors Weigh In On Veritex

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Veritex by 16.8% during the second quarter. CWM LLC now owns 16,139 shares of the financial services provider's stock worth $421,000 after buying an additional 2,316 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Veritex by 28.5% during the second quarter. KLP Kapitalforvaltning AS now owns 12,612 shares of the financial services provider's stock worth $329,000 after buying an additional 2,800 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Veritex by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 37,699 shares of the financial services provider's stock worth $984,000 after buying an additional 643 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Veritex by 6.9% during the second quarter. State of Alaska Department of Revenue now owns 32,295 shares of the financial services provider's stock worth $842,000 after buying an additional 2,087 shares during the period. Finally, GAMMA Investing LLC lifted its position in Veritex by 28.9% during the second quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 1,011 shares during the period. 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.