Emerald Mutual Fund Advisers Trust Maintains Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Emerald Mutual Fund Advisers Trust continued to hold its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,517 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.40% of Veritex Holdings worth $1,593,000 at the end of the most recent quarter.

Separately, Lebenthal Lisanti Capital Growth LLC raised its stake in shares of 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 valued at $1,348,000 after buying an additional 25,333 shares during the period. 73.68% of the stock is currently owned by institutional investors.

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) opened at 26.03 on Friday. Veritex Holdings, Inc. has a 1-year low of $15.46 and a 1-year high of $29.43. The company’s 50-day moving average is $26.69 and its 200-day moving average is $27.22. The stock has a market cap of $396.02 million, a P/E ratio of 26.43 and a beta of 1.66.

Veritex Holdings (NASDAQ:VBTX) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. The firm had revenue of $14.14 million during the quarter, compared to analyst estimates of $16.40 million. Equities analysts expect that Veritex Holdings, Inc. will post $1.06 EPS for the current fiscal year.

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Several brokerages recently issued reports on VBTX. Stephens set a $32.00 target price on shares of Veritex Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $29.50 price target (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. BidaskClub lowered shares of Veritex Holdings from a “hold” rating to a “sell” rating in a research report 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 report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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.

Institutional Ownership by Quarter for Veritex Holdings (NASDAQ:VBTX)

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