John Sughrue Sells 16,820 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) Stock

Veritex Holdings, Inc. (NASDAQ:VBTX) Director John Sughrue sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the transaction, the director now owns 62,643 shares in the company, valued at $1,894,950.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Veritex Price Performance

Shares of VBTX opened at $29.88 on Thursday. The stock has a market cap of $1.63 billion, a P/E ratio of 19.15 and a beta of 1.36. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $30.86. The stock’s 50-day moving average price is $26.36 and its two-hundred day moving average price is $23.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. Veritex’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. On average, equities analysts predict that Veritex Holdings, Inc. will post 2.17 earnings per share for the current year.

Veritex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, November 8th. Veritex’s dividend payout ratio (DPR) is 51.28%.

Analyst Ratings Changes

Several research analysts recently weighed in on VBTX shares. Stephens boosted their price objective on shares of Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Raymond James raised Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, September 17th. Piper Sandler lifted their price objective on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.40.

Institutional Trading of Veritex

Large investors have recently made changes to their positions in the company. Kennedy Capital Management LLC bought a new position in Veritex during the first quarter worth about $9,139,000. F M Investments LLC bought a new position in shares of Veritex during the 2nd quarter valued at about $8,483,000. Assenagon Asset Management S.A. grew its position in shares of Veritex by 67.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock valued at $21,248,000 after purchasing an additional 325,569 shares during the period. Dimensional Fund Advisors LP increased its stake in Veritex by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock worth $51,566,000 after purchasing an additional 299,562 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Veritex by 16.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after buying an additional 235,154 shares during the period. Institutional investors 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.