Veritex Holdings, Inc. (VBTX) Shares Sold by Hodges Capital Management Inc.
Hodges Capital Management Inc. cut its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,095 shares of the financial services provider’s stock after selling 42,100 shares during the period. Hodges Capital Management Inc. owned 2.23% of Veritex Holdings worth $8,928,000 as of its most recent filing with the SEC.
Separately, Lebenthal Lisanti Capital Growth LLC raised its position in Veritex Holdings by 97.9% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 51,203 shares of the financial services provider’s stock worth $1,348,000 after buying an additional 25,333 shares during the last quarter. 72.91% of the stock is owned by institutional investors.
Veritex Holdings, Inc. (VBTX) opened at 26.88 on Tuesday. The firm has a market capitalization of $408.95 million, a price-to-earnings ratio of 27.29 and a beta of 1.66. The company has a 50-day moving average of $26.84 and a 200-day moving average of $27.27. Veritex Holdings, Inc. has a 1-year low of $13.91 and a 1-year high of $29.43.
Veritex Holdings (NASDAQ:VBTX) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Veritex Holdings had a net margin of 22.61% and a return on equity of 6.09%. The firm had revenue of $14.14 million for the quarter, compared to analyst estimates of $16.40 million. On average, equities analysts predict that Veritex Holdings, Inc. will post $1.06 earnings per share for the current year.
A number of research firms recently issued reports on VBTX. Piper Jaffray Companies reiterated a “hold” rating and issued a $29.00 target price on shares of Veritex Holdings in a research note on Friday, July 14th. BidaskClub lowered shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Veritex Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.50.
Veritex Holdings Company Profile
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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