Roosevelt Investment Group Inc. Holds Stake in Veritex Holdings, Inc. (VBTX)
Roosevelt Investment Group Inc. continued to hold its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,905 shares of the financial services provider’s stock at the close of the 2nd quarter. Roosevelt Investment Group Inc. owned about 0.07% of Veritex Holdings worth $287,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently modified their holdings of VBTX. Teachers Advisors LLC lifted its stake in Veritex Holdings by 45.6% in the 2nd quarter. Teachers Advisors LLC now owns 25,647 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 8,031 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Veritex Holdings by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 491 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in Veritex Holdings by 76.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock valued at $8,723,000 after purchasing an additional 143,718 shares during the last quarter. Principal Financial Group Inc. bought a new position in Veritex Holdings in the 2nd quarter valued at approximately $259,000. Finally, Bank of New York Mellon Corp lifted its stake in Veritex Holdings by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 68,299 shares of the financial services provider’s stock valued at $1,798,000 after purchasing an additional 8,771 shares during the last quarter. 52.17% of the stock is owned by institutional investors.
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In other Veritex Holdings news, insider Ned N. Fleming III sold 55,134 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $26.16, for a total value of $1,442,305.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ned N. Fleming III sold 118,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $25.65, for a total transaction of $3,040,345.80. The disclosure for this sale can be found here. In the last three months, insiders sold 220,100 shares of company stock valued at $5,694,395. Corporate insiders own 9.10% of the company’s stock.
VBTX has been the subject of several research reports. Stephens set a $32.00 price objective on shares of Veritex Holdings and gave the company a “buy” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $29.00 price objective on shares of Veritex Holdings in a research note on Friday, July 14th. Zacks Investment Research raised shares of Veritex Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Veritex Holdings has a consensus rating of “Hold” and an average price target of $31.83.
Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) traded up 1.22% during trading on Wednesday, reaching $25.63. 34,711 shares of the company traded hands. The stock has a market capitalization of $389.93 million, a PE ratio of 26.02 and a beta of 1.67. The firm’s 50-day moving average is $26.11 and its 200-day moving average is $26.92. Veritex Holdings, Inc. has a 12-month low of $15.46 and a 12-month high of $29.43.
Veritex Holdings (NASDAQ:VBTX) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.23 EPS for the quarter, topping the Zacks’ 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 business had revenue of $14.14 million during the quarter, compared to analysts’ expectations of $16.40 million. On average, equities analysts predict that Veritex Holdings, Inc. will post $1.06 earnings per share for the current fiscal year.
Veritex Holdings 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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