Ned N. Fleming III Sells 92,711 Shares of Veritex Holdings, Inc. (VBTX) Stock
Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 92,711 shares of Veritex Holdings stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $26.00, for a total value of $2,410,486.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) traded up $0.14 during trading on Friday, hitting $26.38. The stock had a trading volume of 77,700 shares, compared to its average volume of 89,345. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $29.43. The stock has a market capitalization of $594.30, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.
Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Veritex Holdings had a net margin of 21.85% and a return on equity of 5.30%. The business had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $20.80 million. analysts forecast that Veritex Holdings, Inc. will post 0.99 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC bought a new stake in shares of Veritex Holdings in the third quarter worth about $513,000. Jacobs Asset Management LLC increased its holdings in shares of Veritex Holdings by 66.2% in the third quarter. Jacobs Asset Management LLC now owns 510,166 shares of the financial services provider’s stock worth $13,754,000 after purchasing an additional 203,177 shares during the last quarter. Castine Capital Management LLC increased its holdings in shares of Veritex Holdings by 7.8% in the third quarter. Castine Capital Management LLC now owns 362,565 shares of the financial services provider’s stock worth $9,774,000 after purchasing an additional 26,213 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Veritex Holdings in the third quarter worth about $1,164,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Veritex Holdings by 10.9% in the third quarter. Allianz Asset Management GmbH now owns 41,727 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 4,118 shares during the last quarter. 52.56% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on VBTX. Zacks Investment Research upgraded Veritex Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Stephens set a $32.00 target price on Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub downgraded Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 price objective (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $31.83.
About Veritex Holdings
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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