Barclays PLC lifted its position in shares of Veritex Holdings Inc (NASDAQ:VBTX) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,553 shares of the financial services provider’s stock after acquiring an additional 8,394 shares during the quarter. Barclays PLC’s holdings in Veritex were worth $1,566,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Veritex by 5.6% during the second quarter. BlackRock Inc. now owns 7,016,531 shares of the financial services provider’s stock valued at $182,080,000 after purchasing an additional 372,164 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Veritex by 175.7% in the second quarter. Wells Fargo & Company MN now owns 482,039 shares of the financial services provider’s stock valued at $12,509,000 after purchasing an additional 307,209 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Veritex during the 2nd quarter valued at approximately $5,448,000. Prudential Financial Inc. lifted its stake in shares of Veritex by 162.3% during the 2nd quarter. Prudential Financial Inc. now owns 266,774 shares of the financial services provider’s stock valued at $6,923,000 after buying an additional 165,066 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its holdings in Veritex by 53.2% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 444,161 shares of the financial services provider’s stock worth $11,526,000 after buying an additional 154,295 shares during the period. 78.98% of the stock is owned by institutional investors.
In other news, CEO C Malcolm Holland III sold 1,900 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.10, for a total value of $47,690.00. Following the transaction, the chief executive officer now owns 99,277 shares of the company’s stock, valued at $2,491,852.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel J. Mehos sold 7,400 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total value of $185,000.00. Following the completion of the sale, the director now owns 434,912 shares in the company, valued at approximately $10,872,800. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock worth $803,000 over the last quarter. Corporate insiders own 3.92% of the company’s stock.
Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $79.30 million during the quarter, compared to the consensus estimate of $79.90 million. Veritex had a net margin of 20.33% and a return on equity of 10.16%. Analysts expect that Veritex Holdings Inc will post 2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, November 6th. Veritex’s dividend payout ratio (DPR) is presently 27.17%.
A number of research firms recently weighed in on VBTX. Zacks Investment Research upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. BidaskClub downgraded Veritex from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. Raymond James raised their price target on Veritex from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. ValuEngine upgraded Veritex from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Stephens set a $29.00 price objective on Veritex and gave the company a “buy” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.33.
Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.
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