Veritex Holdings Inc (VBTX) CEO C Malcolm Holland III Sells 3,750 Shares

Veritex Holdings Inc (NASDAQ:VBTX) CEO C Malcolm Holland III sold 3,750 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.11, for a total transaction of $105,412.50. Following the completion of the sale, the chief executive officer now owns 104,277 shares of the company’s stock, valued at approximately $2,931,226.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ VBTX traded up $0.02 during midday trading on Monday, reaching $28.20. 352,064 shares of the stock were exchanged, compared to its average volume of 394,527. The company has a market capitalization of $671.09 million, a P/E ratio of 15.33, a P/E/G ratio of 1.72 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. Veritex Holdings Inc has a twelve month low of $20.34 and a twelve month high of $33.08.

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Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $32.31 million during the quarter, compared to the consensus estimate of $30.73 million. Veritex had a net margin of 25.19% and a return on equity of 7.86%. As a group, research analysts expect that Veritex Holdings Inc will post 2.3 EPS for the current year.

The company also recently declared a special dividend, which was paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, February 6th. Veritex’s dividend payout ratio is currently 27.17%.

A number of brokerages have recently issued reports on VBTX. Zacks Investment Research upgraded shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday. BidaskClub upgraded shares of Veritex from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. ValuEngine upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Stephens set a $31.00 price target on shares of Veritex and gave the stock a “buy” rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Veritex by 48.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock worth $47,000 after buying an additional 714 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Veritex during the 3rd quarter worth approximately $112,000. FNY Investment Advisers LLC purchased a new position in shares of Veritex during the 4th quarter worth approximately $94,000. Panagora Asset Management Inc. purchased a new position in shares of Veritex during the 3rd quarter worth approximately $151,000. Finally, SG Americas Securities LLC purchased a new position in shares of Veritex during the 4th quarter worth approximately $121,000. Institutional investors and hedge funds own 87.11% of the company’s stock.

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Veritex Company Profile

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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