Veritex Holdings Inc (VBTX) Insider Michael Clayton Riebe Buys 1,775 Shares

Veritex Holdings Inc (NASDAQ:VBTX) insider Michael Clayton Riebe bought 1,775 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $28.38 per share, for a total transaction of $50,374.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Veritex Holdings Inc (NASDAQ:VBTX) opened at $27.07 on Friday. The firm has a market capitalization of $667.85, a P/E ratio of 31.11, a PEG ratio of 1.49 and a beta of 1.53. Veritex Holdings Inc has a twelve month low of $23.84 and a twelve month high of $29.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12.

Several brokerages have recently weighed in on VBTX. BidaskClub upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Piper Jaffray Companies upgraded Veritex from a “neutral” rating to an “overweight” rating in a report on Thursday, February 1st. Zacks Investment Research cut Veritex from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods began coverage on Veritex in a report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.30.

Several institutional investors have recently modified their holdings of VBTX. Schwab Charles Investment Management Inc. boosted its holdings in shares of Veritex by 37.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,500 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 6,900 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Veritex by 14.7% during 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 buying an additional 8,771 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Veritex during the 2nd quarter valued at approximately $259,000. Wells Fargo & Company MN raised its position in shares of Veritex by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock valued at $332,000 after buying an additional 491 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Veritex by 45.6% during the 2nd quarter. Teachers Advisors LLC now owns 25,647 shares of the financial services provider’s stock valued at $675,000 after buying an additional 8,031 shares during the period. Institutional investors and hedge funds own 62.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Veritex Holdings Inc (VBTX) Insider Michael Clayton Riebe Buys 1,775 Shares” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.com-unik.info/2018/02/09/veritex-holdings-inc-vbtx-insider-michael-clayton-riebe-buys-1775-shares.html.

Veritex 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.

Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit